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Government continues to rationalise property portfolio

Wednesday, 14 February 2018

The Isle of Man Government has reaffirmed its commitment to rationalising its property portfolio.

The announcement follows a question in today’s House of Keys sitting, which focussed on the locations of each Government department and subsidiary offices.

The Strategic Asset Management Unit (SAMU) was established in 2011 and has since generated £16.1 million in property and land sales.

The amount the government has saved on rent since 2011, by moving staff from leasehold properties into government-owned buildings, currently stands at £2.3m.

The SAMU project is working towards a target date of 2022 to move all staff into government buildings, with the savings generated used to support new and existing services.

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