Since 1998 the Department for Work and Pensions occupies the majority of its accommodation under a private finance initiative (PFI) known as the PRIME contract. Under the terms of this PFI the Department leases back fully serviced accommodation from its private sector partner Telereal Trillium
Therefore the Department does not own any properties under the PRIME contract.
The Department rents 85 sites which equates to 176,061m(2) of space across London. The vast majority of these are operational sites such as jobcentres, contact centres and processing centres.
The Valuation Office Agency 2012 valuations placed on these properties amounted to £365,371,623.