Property Services Agency

HC Deb 31 October 1990 vol 178 c533W

Sir Hugh Rossi

To ask the Secretary of State for the Environment if he will make a statement on the future of the Property Services Agency.

Mr. Portillo

In May, Coopers and Lybrand Deloitte were commissioned to advise on the privatisation of PSA Services. In the light of their analysis of the markets in which PSA Services operates and the implications of this for the sale I have decided that PSA Services will be restructured into two main businesses, one dealing with project management and design, and the other with maintenance. The security group will transfer to DOE (Property Holdings). The restructuring will make it possible for PSA Services to be offered for sale in more than one part, not necessarily at the same time, but I do not rule out purchase by a single buyer.