Freestone was commissioned to draw up a macro scan of the entire portfolio. The intention was on the one hand to look to the future needs in real estate and accommodation based on the various policy plans, while on the other to look out for use cases and synergies across different business units in terms of accommodation and buildings.
The political policy in the City of Antwerp had proposed that the City should valorise around 1/3 of its real estate. A practical analysis of the entire real estate portfolio (1,300 buildings) seemed to be in order.
The study laid bare a great many synergies. It also showed the need to raise awareness of space usage, as the interpretation of the policy plans from the various business units and political responsibilities denoted an expansion of the portfolio. Freestone's dossier was brought before the Board of the Mayor and Aldermen and explained.
Freestone was then granted a framework contract (via public procurement) to advise the City of Antwerp on real estate issues, such as:
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