My company owns properties it no longer uses: what should we do?

From valuation to sale: how to enhance and dispose of non-strategic corporate properties in Catania, Palermo and Sicily

Warehouses, offices, former bank branches, storage facilities, land or entire buildings that are no longer functional to a company’s operations are a fairly common situation.

Reorganisations, relocations, mergers or simply changing operational requirements can leave companies owning properties that are no longer strategic to their core business.

In these cases, the key question is: should the property be sold, leased or enhanced before being placed on the market?

An unused property still generates costs

Even when no longer in use, a corporate property generally continues to generate costs: taxes, maintenance, insurance, management expenses and tied-up capital.

Its disposal can therefore represent more than simply a sale: it can be an opportunity to release financial resources and rationalise the company’s real estate portfolio.

This is also a relevant issue in Sicily, where many companies own commercial, industrial and office properties, particularly in the Catania and Palermo areas, which may have lost their original function over time.

Before selling, understand the property's real potential

For corporate or non-standard properties, applying a simple price per square metre is often not enough.

It is necessary to assess the property’s planning and cadastral status, technical characteristics and reference market and, above all, its **potential