Asset Management

Land should be viewed as a key resource that is fundamental in influencing and shaping desired spatial, social, and economic objectives. JPC is the only Municipal Entity that manages the City’s diverse property portfolio and provides a full spectrum of property services to the City and its stakeholders across the lifecycle of its property ownership. This includes providing a service that integrates purchase, due diligence, management, and leasing. The JPC Property Asset Management team strives to optimally manage the City’s property portfolio to achieve its maximum potential by unlocking value of the portfolio through a process of careful analysis, strategic planning, and efficient management.

The primary function of the Property Asset Management department is to drive JPC’s Land Strategy through defining an appropriate return on investment, cost structure, investment plan, disposal and acquisition strategy and maintenance plan that aligns to transformation targets and job creation. Property Asset Management must maintain the property asset register and warrant that land supports the City’s objectives and spatial development framework for each property under management, and the portfolio.

The heart of JPC’s asset management philosophy is about maximizing value, reducing costs, and increasing returns from property. Critical to success is for JPC to apply commercial property principles and practices in pursuit of its socio-economic mandate to achieve service delivery objectives and to realize the full potential of property investments.

JPC’s Property Asset Management aims to implement sound asset management practices including providing access to new assets in a sustainable and affordable manner. These objectives are articulated as follows:

  • Operational and Financial Performance – To provide assurance that performance measurement and client reporting is aligned to City’s targets, this unit focuses on monitoring and evaluating the optimisation of portfolio composition, the maintenance of the property asset register, income and expenditure growth.
  • Business Development – This consist of analysis and land preparation by town planners and urban designs to develop business cases.

Services

  • Identification of property sector investment opportunities;
  • Pre-feasibility and feasibility studies;
  • Analysis of portfolio and investment returns;
  • Portfolio analysis;
  • Fixed asset register management;
  • Physical verification of city fixed assets;
  • Compilation of asset management plans and council property information;
  • Portfolio/property strategy development (including research and valuations)
  • Implementation of COJ/MOE property strategy/requirements
  • Roll out of asset management plans