Wednesday 24 January 2018

OPW overhauls portfolio

THE next phase of streamlining the State's extensive property management portfolio will see OPW assuming exclusive authority for the procurement of Civil Service office accommodation and allocation of office space. This was announced yesterday by Minister of State for Public Service Reform Brian Hayes.

The first phase generated a 20pc fall in leasehold expenditure, annual rental savings of €27.6 million, and a property footprint reduced by almost one million square feet.

Minister Hayes was speaking at Vodafone's offices in Leopardstown, Dublin 18, where the firm has reduced its office space and property costs by 36pc and 30pc, respectively. Some of the derivative savings and benefits which came from centralising over 1,000 staff in its modern, open-plan environment include printer use cut by half, travel expenses by a fifth, and an 84pc reduction in storage units.

The total property portfolio held and managed by OPW comprises 2,255 holdings with 635 buildings housing the Civil Service, 840 Garda properties and 780 heritage properties.

Leasehold expenditure has come down from a high of €130m in 2009 to €107m in 2012. The total floor area of its office portfolio has fallen from a high of 950,714sqm in 2008 to 879,742sqm at the end of 2012.

Irish Independent

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