Sovereign public sector property fund: Building a conceptual framework

The public sector is the largest UK landowner and space occupier with local authorities owning managing majority of real estate assets to meet services community. As central funding these reduce knowledge economy changing way we live, governments are looking at more efficient effective ways their operations creating investment value bridge gap between shortfalls demand for services. Several now investing in commercial properties as a generate long term stable income streams although current practices highlighting narrow portfolio diversification, management challenges, fee leakage limited awareness on future returns. This research paper examines issues provides conceptual framework Sovereign Public Sector Property Fund which can create level opportunities alongside stream. be achieved through pooling prime government offer diversification quality management, good governance, authority appointed steering committee members exposure benefit from aspects economy. Supported by government, individual provide destination placemaking potential post COVID-19 era. Strengthening connection people place, fund catalyst employment support surrounding communities. exploratory study covers an important part offers valuable insight into new vehicle elevate often underutilised assets.