The Property Council of Australia has welcomed the Rudd Government’s Commonwealth Property Management Guidelines released by Minister for Finance and Deregulation, Lindsay Tanner, at a Property Council function in Canberra today (Oct 28).
Property Council CEO Peter Verwer said the guidelines provide valuable signal to industry and government that should result in more effective and efficient Commonwealth property management.
“We welcome the Government’s new guidelines. We particularly agree with keeping leasing decisions with individual department heads while improving coordination”, Mr Verwer said.
“The guidelines retain important flexibility for individual office leasing decisions along with tools for improving value for taxpayers money”.
Property Council ACT Executive Director Catherine Carter said the new guidelines are of vital significance to Canberra’s office market.
“Some 60 per cent of Canberra’s office market is occupied by Government tenants and comprise one of the Government’s largest recurrent expenses”, Ms Carter said.
“The guidelines released by Minister Tanner today provide Canberra’s building owners and managers with information about the Government’s future intentions.
“We welcome the release of the Guidelines and the certainty that they will provide to the market”, Ms Carter said.
For more information contact:
Peter Verwer, Chief Executive, Property Council of Australia 0407 463 842
Catherine Carter, Executive Director, Property Council of Australia 0412 330 079