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De Silva, G, Perera, B and Rodrigo, M (2019) Adaptive reuse of buildings: the case of Sri Lanka. Journal of Financial Management of Property and Construction, 24(01), 79–96.

K.V., P, V., V, R., V and Bhat, N (2019) Analysis of causes of delay in Indian construction projects and mitigation measures. Journal of Financial Management of Property and Construction, 24(01), 58–78.

Osei-Kyei, R, Chan, A P, Yao, Y and Mazher, K M (2019) Conflict prevention measures for public–private partnerships in developing countries. Journal of Financial Management of Property and Construction, 24(01), 39–57.

Santoso, D S and Bourpanus, N (2019) Moving to e-bidding. Journal of Financial Management of Property and Construction, 24(01), 2–18.

Singla, H K and Samanta, P K (2019) Determinants of dividend payout of construction companies: a panel data analysis. Journal of Financial Management of Property and Construction, 24(01), 19–38.

Velho Júnior, V E, Costa Melo, I, Alves Junior, P N and Rebelatto, D A d N (2019) Analysis of real estate management of lease service agreements by the public sector of a Latin American metropolis. Journal of Financial Management of Property and Construction , 24(01), 97–122.

  • Type: Journal Article
  • Keywords: Sao Paulo; Developing countries; Public sector; Public administration; Asset management; Real estate management;
  • ISBN/ISSN: 1366-4387
  • URL: https://doi.org/10.1108/JFMPC-06-2018-0031
  • Abstract:
    The purpose of this paper is to characterize real estate lease management of the São Paulo City Municipality (PMSP), the largest metropolitan region in Latin America, for the provision of public education, health and social assistance services. Design/methodology/approach In addition, the management was also evaluated by a direct analysis of the obtained data (lease paid, area of the property, agency, zone, region, neighborhood, contract date, etc.) and by statistical regressions. Findings The results showed that the following: real estate properties with the greatest discrepancy of amounts paid (when compared to other amounts paid by the city and the market) are in a pulverized category, called “Others”; PMSP faces difficulties tracking expiration dates, 18.9% of the assets are still in use, though present expired contracts; the category “Education” is the most expressive in expenses; there is a limit to the correlation between the size of the real estate and the lease price paid, and very large real estate do not have proportionally higher leases; the location only directly affects the lease value if it is in the central region of the Metropolis. There is no explicit relationship for leases in other regions. Originality/value This work is groundbreaking for helping to consolidate the literature on real estate management in developing countries. Factors that integrate and influence the management of real estate leases for government agencies in a Latin American metropolitan area have never before been reported in the literature.