en English Sale and lease-back of government buildings offshored European Services Strategy Unit : Outsourcing/PPP Library : Contract and Privatisation Failures :Sale and lease-back of government buildings offshored The New Labour government, keen to establish a market in the sale and lease-back of government buildings, announced a A$9 billion (£3.6 billion) private finance initiative deal with Mapeley Group in March 2001. It included 700 buildings of the Inland Revenue, HM Customs and Excise, and the Valuation Office Agency in the Strategic Transfer of the Estate to the Private Sector (STEPS) project. Mapeley immediately transferred the freehold and long-lease properties to Bermuda. Dexter Whitfield European Services Strategy Unit, Duagh, Camp, Tralee, County Kerry, Ireland. Offshoring sale and leaseback privatisation government building offices tax haven Contract and Privatisation Failures XHTML™ 1.0 The Extensible HyperText Markup Language (Second Edition) Level Double-A Conformance to Web Content Accessibility Guidelines 1.0 Cascading Style Sheets, level 2 Copyright © 1998-2012 European Services Strategy Unit text/html HTML 2008-11-15T15:45:30Z Created 2008-11-15T15:48:55Z Modified