MPs said the proportion of quarters that are currently vacant – 24% – was ‘disturbingly high’. Furthermore, the department’s target of a 10% margin to cope with moves was too high and was based on current management practices rather than what could be achieved.
And they were ‘not persuaded’ by the MoD’s claim that only £4m of the total spent on empty property was not cost effective. Nor were they convinced by the argument that a balance of £31m was an acceptable management margin.
They also expressed a concern that MoD funds, used to upgrade homes subsequently sold off, would result in a windfall profit for owners Annington Homes under a PFI arrangement.
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal
The established building and heritage restoration company has ceased trading following the loss of major tenders