Efficient management of public sector assets The call for correct evaluation criteria and techniques

Sandy Bond; Peter Dent

doi:10.1108/14635789810228169

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Journal of Property Valuation and Investment

ISSN: 0960-2712
Currently published as: Journal of Property Investment & Finance
Incorporates: Journal of Property Finance

Online from: 1983

Subject Area: Built Environment

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Efficient management of public sector assets The call for correct evaluation criteria and techniques

Document Information:
Title:	Efficient management of public sector assets The call for correct evaluation criteria and techniques
Author(s):	Sandy Bond, (Department of Property Studies, Massey University, Palmerston North, New Zealand), Peter Dent, (School of Real Estate Management, Oxford Brookes University, Headington, Oxford, UK)
Citation:	Sandy Bond, Peter Dent, (1998) "Efficient management of public sector assets The call for correct evaluation criteria and techniques", Journal of Property Valuation and Investment, Vol. 16 Iss: 4, pp.369 - 385
Keywords:	Assets, Property, Valuation, Value
Article type:	Literature review
DOI:	10.1108/14635789810228169 (Permanent URL)
Publisher:	MCB UP Ltd
Abstract:	Research undertaken by the authors over the last two years has revealed a number of problems in valuing non-market, non-investment properties in the public sector. The first part of the article draws together some of the literature in the area of public sector asset valuation and management. This is intended, first, to highlight current thinking about the issues involved in the valuation exercise, second, to focus on some of the unresolved aspects and, finally, to suggest areas for further consideration to help resolve these.The second part of the article provides an introduction to, and critical examination of, the valuation methodology commonly used to value specialised property assets. Possible alternative approaches are suggested, which may better enable authorities to assess the performance of their assets and integrate these into the management processes.