State will save 800 thousand euros/year in rents with move to CGD headquarters

The move of public entities to CGD’s headquarters will generate annual savings of 800,000 euros in rent and five million in maintenance, security, cleaning and electricity costs, vacating buildings that can reinforce the housing supply.

These values ​​are contained in the communiqué from the Council of Ministers, which approved this Thursday the authorization to carry out the expenditure for the adaptation works of Caixa Geral de Depósitos (CGD) headquarters building, in Lisbon, with a view to concentrating and installing public entities in this location.

“The concentration of services and offices in a single physical space enhances synergies, stimulates the creation of closer communication networks, consolidates collaborative work and allows efficiency gains in the management of properties used by the State”, says the statement from the Council of Ministers.

The Government estimates that the concentration of public entities at CGD’s headquarters will result in annual savings of €800,000 in rents paid by the State to private individuals.

To this value is added a savings of around five million euros per year in charges for the management of services such as security, maintenance, cleaning, gardening, electricity supply and water supply.

“On the other hand, the public properties that will be vacated – valued at around 600 million euros – could be object of monetization, aiming to contribute to the objective of strengthening the housing supply“, refers to the same information.

The statement from the Council of Ministers does not mention the amount of the expenditure authorization for works that was approved, and this Thursday the press conference that usually follows the weekly Government meeting was not held.

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This project for the concentration of public entities in the headquarters building of Caixa Geral de Depósitos is “aligned” with the Government Program, “which defines as a goal the reconfiguration of the functioning and internal organization of the Central Administration of the State”, as well as with the of Recovery and Resilience (PRR).

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