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LONDON-Ernst & Young senior partner John McCready is heading up the body running the British government’s £300-billion property portfolio, according to Property Week. The British have set up a new Property Unit as a piece of the Shareholder Executive, which oversees the government’s shares in private businesses.

McCready will lead the new Property Executive, all under the aegis of the Department for Business, Innovation & Skills. The idea behind this initiative is to raise the efficiency of investments, of which McCready will focus on their property portfolio.

To read the full Property Week article, click here.

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