Art & Cultural asset and facilities management
Pushing your cultural heritage and assets to their highest value
Traditionally, culture, art and creativity have been identified as factors of personal enjoyment and education. However, the cultural sector is gradually unfolding its potential as a sector-industry with a strong economic impact, and which is key for the identity and development of cities and regions. This is where cultural asset management and facilities management enter the stage.
Such an industry not only drives the hotel business, restoration and transportation but also propels other economic sectors that have future potential as generators of value added for the economy. Although the culture industry is facing enormous challenges, the sector has clear potential as a prosperity generator and an important policy asset.
Trends and challenges
High impact of culture industry in economy, society and the awareness of public bodies
- Culture: already a big industry
- Development of the creative industry at EU level
- Venues, going global
- Domination of superstar venues
- Economic impact of investing in culture
Cost reduction, efficiency and professionalization of the sector
- Impact of the economic resources scarcity
- Rise of business philosophy among cultural institutions
Stakeholder strategy, income management and asset and property management
- From public to private ownership and management
- Rise of new technologies
How Deloitte can help
From private to public institutions, we serve the key agents in the art and culture industry with our tailored cultural asset and facilities management services.
Our major clients include museums, art and exhibition galleries, heritage attractions, opera houses and associations, music halls, multipurpose leisure spaces and music festivals.
Deloitte has also helped major city and state authorities to successfully manage the urban transformation processes in which cultural institutions have played a central role.
A multidisciplinary service approach
Deloitte offers a multidisciplinary services approach to cultural asset and facilities management. From conceptual master planning to financial viability, Deloitte’s Consulting, Tax and Audit professionals have a wealth of experience in the culture industry, both in the public and private sectors.