Thurrock Council already had an operational and commercial property portfolio greater than £50m when the Thurrock Thames Gateway Development Corporation transferred its assets and functions in April 2012.
The Council needed a step change in the way it managed it’s property and asset portfolio to effectively utilise the new asset base.
Our team’s role was to support the development of an Asset Management Delivery Plan (AMDP) in partnership with the Council, to examine options to better utilise the Council’s surplus assets, and to support the Council in developing its approach to a series of Community Hubs across the area. We undertook a detailed analysis of the whole property portfolio and developed options for the future of all land and properties covering operational, commercial and those focussed on meeting community needs.
We then helped to implement the AMDP by developing the approach to the South Ockenden community hub and developing a replicable approach across the Borough and undertaking detailed soft market testing for a partnership approach with the market.
On our recommendation, the Council has set up a new housing company to deliver mixed tenure housing across the Borough on Council-owned land, alongside a series of other partnership approaches that are being developed further within the Council.