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<doi>/ISEC.res.2017.59</doi>
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<article-title>THE IMPORTANCE OF PROPERTY ASSET<br/>
MANAGEMENT IN THE SPANISH PUBLIC SECTOR</article-title>
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<author>DESIREE SANDOICA PARIS and MANUEL SOLER SEVERINO</author>

<aff>Dept Construcción y Tecnología Arquitectónicas, ETSAM, Universidad Politécnica de Madrid,<br/>
Madrid, Spain</aff>


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<abstract>
<title>ABSTRACT</title>
<p>There are public entities that possess in their hands multiple property assets, that are
difficult to manage, being, in many cases, buildings that are considered icons that
contribute to the character of their surroundings or that take part of our historical
heritage or have some kind of protection. It is difficult for the private sector to manage
these assets, if in the public sector, we add the electoral cycle, the problems increase.
At a public level, it is more complicated, since it should be understood that the
planning of property assets and delivery do not correspond to the political cycles. In
addition, policies change once established, perhaps with the development under
construction, will inevitably have serious consequences on: the planning, cost and
alignment of the building with the final needs of the asset. Therefore, it is important
for all the stakeholders to realize that an approach is needed for the long-term
management of property asset portfolios. To achieve this goal, we have developed a
structured and programmed approach of Property Asset Management adapted to the
public sector, in order to provide the best solutions.</p>
<p><italic>Keywords: </italic>Town hall, Government, Portfolio, Infrastructure, Public services.</p>
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