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LONDON ACCOMMODATION STRATEGY

Project Overview

Network Rail were under considerable pressure to reconsider their significant  presence in London following findings in a recent Government report. At the same time our team were delivering Agile Working to the Corporate Portfolio across England, Wales and Scotland. Network Rail asked our team to assist with developing a London Accommodation Strategy to respond to the report findings and also support the current and future control period funding pressures.

We were commissioned by Property and Workplace Management to develop a
robust estate strategy to improve the efficiency and reduce the cost of the London estate. The outcome was to identify and evaluate a number of options for consideration before presenting the recommended strategy at the Property Board. The client brief required our team to fully understand both the in-scope portfolio and also the business operations within.

 

Our Approach

We interviewed key department stakeholders, undertook visits to each of the inscope sites and validated the data provided. We then developed a thorough
assessment process taking into account many portfolio and operational factors.
During the delivery of the strategy we challenged the perceived location dependencies, reviewing activity types, spatial design needs, client relationships
and other demographic related factors.
A number of options were developed, each having a detailed financial cost benefit analysis applied, noting operational risk and other sensitivities. The final
recommended option included a number of asset and people based projects, each presented with their own programme for delivery with dependencies clearly noted.

Outcome

The Business Case was developed in partnership with the treasury function within Network Rail. This detailed document was approved by the Board and delivered in 2014 / 2015. Our team continued to support the business during its delivery. Whilst the content of the business case is confidential the outcome saw the portfolio reduce by over 25%, savings delivered in excess of £5m per annum in addition to providing greater efficiency and effectiveness of the retained estate.

 

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