Background
The States have a portfolio of over 500 operational properties valued at over £1 billion. Most operational land and buildings are managed by Jersey Property Holdings (JPH) which has an annual budget for maintenance of almost £12 million.
Scope
The review considers the effectiveness of arrangements for:
- strategic management of operational land and buildings
- securing value for money at a strategic level
- securing value for money at an operational level; and
- performance management.
The review covers land and buildings included within the States accounts other than those held by Andium Homes, Ports of Jersey and the States of Jersey Development Company.
Conclusions
Operational land and buildings are not being managed efficiently and effectively across the States. Many of the objectives set for JPH when it was established in 2005 have not been achieved.
Wide ranging actions are required to ensure that the States’ property management is fit for purpose.
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