Increasing the value of the Public Building Assets: the former military sites redevelopment

Abstract

The sale of public real estate assets is one of the main issues in the governments agenda. The goal is to find resources and improve the management of the building stock. Such assets are different from each other and transformation involves issues of urban and regional importance. Former military sites are mainly characterized by: different types (barracks, military airports, military bases, military hospitals, firing ranges, powder magazine, ports), spread out, obsolescence and environmental liabilities. Also historical buildings are relatively few in the military building stock. It follows that these assets cannot be converted to other uses without a technological knowledge. The paper discusses the key issues in rehabilitation of the military sites with particular attention to recent international experiences. The paper then goes on to focus the role of the research institutions in the screening required of the military real estate to be divested.