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The First Public Sector Leasehold Liability Transfer
projecting savings in excess of £10 million In a move that represents a first in the public sector, the Department for Business, Innovation and Skills (BIS) has transferred its obligations on the surplus leasehold properties it holds to a specialist Leasehold Liability Transfer partner. The Leasehold Liability Transfer is the initiative of BIS and its partner organisation UK Shared Business Services (UK SBS). UK SBS forecasts that the transfer will deliver a 40 per cent…
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