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“Unprecedented opportunity” to maximise public estate development opportunities

24th May 2017

The public sector has an “unprecedented opportunity” to deliver key real estate projects that will deliver fresh opportunities across the UK, helping to maximise revenues, create jobs and drive efficiencies, according to Capita strategic director Richard McCarthy CBE.

Richard was speaking at the ‘Creating Tomorrow’s Public Estate’ conference organised by Capita Real Estate & Infrastructure.

More than 200 delegates gathered at the Institute of Civil Engineers, London, to discuss the need for reform and a fresh approach to delivering key projects that will help with unlock value for local communities.

In his opening address to the conference, Richard outlined the reason why he believes there is now a huge demand to create enduring solutions for the public estate. These key drivers, he said, include an increased demand for new development opportunities and the development of our approach to place and urbanisation.

He added: “To capitalise on this opportunity we need to combine our proven skills with a powerful vision, ambition and leadership. By combining our skills and knowledge we can really make it happen and unlock the value of the estate.”

Richard called for a strategic approach to estate development – one driven by estate purpose and service demands which unlocks value in land and assets for alternative use and development.

“This is not just about selling vacant property,” he said. “It’s about a strategic approach, a positive decision to retain assets and a plan to unlock value and development potential.

Don’t expect a smooth process - but with the right mind-set, leadership and energy anything is possible and anything can be done.”

Among the topics of discussion during the panel events at Tuesday’s conference were the future of public and private sector partnerships, and the economic impact of major infrastructure projects.

Panel members included:

  • Thomas Barlow, Senior Policy Adviser, CBI
  • Melanie Leech, Chief Executive, British Property Federation
  • Ben Rogers, Director, Centre for London
  • David Parr, Chief Executive, Halton Borough Council
  • Andrew Carter, Chief Executive, Centre for Cities.

 

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