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Municipal Real Estate deployed as a capital asset

Author

Listed:
  • Rianne Appel-Meulenbroek
  • Stephan Maussen
  • Niels de Bis
  • Bas Verkerk

Abstract

The aim of this study is to introduce the principles of Corporate Real Estate Management (CREM) within the municipal organization. It is presumed that, looking at the private sectorís accomplishments in this field, these principles will allow a city council to deploy their real estate in a more strategic manner. In this study a model has been created for implementing so-called Municipal Real Estate Management (MREM) within the municipal organization on the desired level and adjusting the municipal real estate portfolio accordingly. This introduction of MREM will contribute to offering adequate accommodation to the different consumers, which heightens customer satisfaction. At the same time, it will add to the company result, balancing costs and benefits and delivering added value through a better control of risks and creating economies of scale.

Suggested Citation

  • Rianne Appel-Meulenbroek & Stephan Maussen & Niels de Bis & Bas Verkerk, 2004. "Municipal Real Estate deployed as a capital asset," ERES eres2004_102, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2004_102
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2004-102
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    Cited by:

    1. Gross, Marta & Wolny-Kucińska, Ada, 2021. "Public real estate resource – A burden or a source of income? A study of municipal land management in Poland," Land Use Policy, Elsevier, vol. 106(C).

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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