A stranded asset is a building or space that has lost its economic or operational value and is unlikely to return to productive use without targeted intervention.

These assets are often long-term vacant, underused, or no longer fit for purpose. Left unaddressed, they represent both a missed opportunity and a rising liability for their owners and the communities around them.

Examples of Stranded Assets:

• A former council building that’s too expensive to maintain or modernise

• A heritage asset in need of specialist investment to avoid irreversible decline

• A market hall or retail space with low footfall and declining relevance

• A public building that no longer meets accessibility or environmental standards

Why It Matters:

Stranded assets sit at the intersection of financial, social, and environmental risk. But with the right partners, these buildings can be reimagined and repurposed, creating lasting public value, generating income, and bringing new life to town centres.