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Current managerial topics in public real estate asset management

Author

Listed:
  • Anna Wojewnik-Filipkowska

    (University of Gdańsk, Department of Investment and Real Estate)

  • Małgorzata Rymarzak

    (University of Gdańsk, Department of Investment and Real Estate)

  • Carsten Lausberg

    (Nürtingen-Geislingen University, Faculty of Business and Law)

Abstract

In recent years, public administrations in modern economies have been deeply transformed. Government units have been granted extensive competences, including ownership and/or control over properties in order to fulfil their obligatory tasks relating to public services in a better way. Real estate has evolved from a source of costs to a source of revenues, as well. This complex asset class requires proper management respecting its operational and strategic needs and requirements. The article focuses on current issues of public real estate asset management (PREAM) and on the real estate assets in local governments in particular. It is a voice in the discussion about current problems with regard to the efficiency and effectiveness of PREAM. We propose directions for further research and development as the principles of asset management in modern democratic societies seem to be universal. The paper is based on a literature study and the authors’ observations.

Suggested Citation

  • Anna Wojewnik-Filipkowska & Małgorzata Rymarzak & Carsten Lausberg, 2015. "Current managerial topics in public real estate asset management," World of Real Estate Journal (Swiat Nieruchomosci), Fundacja Uniwersytetu Ekonomicznego w Krakowie, issue 94, pages 5-10, December.
    • Handle: RePEc:kra:journl:y:2015:i:94:p:5-10
    DOI: 10.14659/worej.2015.94.01
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    More about this item

    Keywords

    public real estate asset management; real estate management; portfolio management; new public management;
    All these keywords.

    JEL classification:

    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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