As part of the drive to cut costs, there is to be a more co-ordinated approach to public sector property asset management. A Government Property Unit has been established which will set up two pilot property vehicles to own and manage the government’s office estate in Central London and Bristol. It is understood that the occupying departments will be required to pay these vehicles a market rent. There will also be a new system of national property controls imposing tight restrictions on government departments entering into new leases.