NAO warns government faces challenge to sell off excess office space
Leading watchdog warns the Government may struggle to sell off vacant 
office space.
The National Audit Office says that while good progress has been made, £830 million could be saved on estate costs by 2020 if cut backs on office space are made.
The National Audit Office has warned the government that weak tenant demand and a stagnant office space market could make it difficult to sell off excess office space.
In a recent report, the Whitehall spending watchdog praised the government for making “good progress” in cutting annual costs, but warned that increasing efficiency and utilising space better could save a further £830 million a year. (more…)