State Real Estate Strategy Proposal 2010

Summary

The purpose of this project set up by the Ministry of Finance on 28 November 2008 is to update the strategies adopted in 1998 for State real estate stock.

The proposed real estate strategy is meant as an instrument in harmonizing the steering of corporate governance of State real estate assets and to strengthen ownership policy. The aim is to make sure that State real estate assets are managed in an efficient and lucrative way to ensure the overall advantage of the State in a changing environment and volatile circumstances, thus safeguarding sustainable management of central government finances in increasingly demanding conditions in the coming years.

The core of the proposal consists of a classification of State real estate assets from an ownership policy perspective into two categories: strategic assets and non-strategic assets. Strategic State real estate assets consist of ones that are essential for the State to be able to perform its tasks or assets that it is indispensible should be owned by the State. The rest of State real estate assets are from the viewpoint of ownership non-strategic assets.

It is also proposed that further steps be taken to centralize State real estate assets with a view to concentrating ownership into the hands of as few State operators as possible, so as to enhance overall steering, to achieve synergy gains and economy of scale, and to make operations more effective.

Language versions

• Ehdotus valtion kiinteistöstrategiaksi
  07.04.2010
• Förslag till statens fastighetsstrategi
  07.04.2010

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