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Downsizing the municipal real estate portfolio

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Municipalities are facing the task to look at their own real estate in a more critical way. Many conducted researches and literature studies on public real estate management and on how real estate can add value to your organization are available. However, to have an overview an analysis of this available literature is made in this literature review. Public real estate management is closely related to corporate real estate management. Three perspectives can be identified in public real estate management; user perspective, strategic perspective, and financial perspective. Within these three perspectives nine added values of public real estate were defined. This set of perspectives and added values will determine the added value of real estate to the municipal organization and considerations of the municipality as follow up actions for this object. Therefore, the selling methods are discussed and placed in a matrix of marketability vs. added value to establish which selling method should be applied upon which surplus real estate object.

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