We have no plans to create a property management company to hold land transferred to the Secretary of State as a result of the proposals outlined in our White Paper for converting community schools. Our expectation is that any such land would be held by the Secretary of State to ensure the land is safeguarded for educational use.
We are separately developing proposals for a new body of property specialists to help meet our commitment to deliver 500 more free schools by 2020. Their focus will be on acquiring sites for free schools; rather than the management of existing school land. Finding sites quickly is often the biggest obstacle to opening new schools, and this proposal will help ensure we have the right people working for us to secure best value for the taxpayer.