Just over 60% of office space in the Portfolio is state owned. OPW's objective is to hold, manage and maintain properties that are suited to Government delivery needs in terms of size, location, specification, value for money, and optimum utilisation.
OPW has made significant reductions in its overall property footprint and in annual rental expenditure through a targeted property rationalisation strategy. The percentage of leased properties has fallen from 54% in 2008 to 39% at year end of 2016.
The above breakdown of the Tenure of Office Accommodation highlights the variety and spread of locations across the country, which provide vital front line public services. This includes landmark Properties such as Government Buildings and the Customs House.