Municipal real estate is one of the most underutilized local resources in many cities, especially in the SEES countries. The object of the PROMISE transnational cooperation project is the development of integrative tools and methods and the implementation of a comprehensive system for the efficient municipal property management. The projects outputs and results will support cities in developing tools, elaborating on strategies and policies in responding to urban challenges and opportunities offered by the new operational programmes of the Structural Funds and new European initiatives, in the fields of action and investment in urban regeneration, urban infrastructure, public services provision, built environment improvement and investments in social inclusion. The project will combine the exchange of experience through a comparative study of institutional frameworks and practices; the implementation of a comprehensive and computerized property inventory and accounting management system on a property-by-property basis, by the use of corporate property management approaches; the implementation of pilot projects: three pre-feasibility projects relating to the management and development of municipal properties for governmental, social and income generation purposes and the implementation of a municipal management authority; the development of skills, knowledge and practices at the municipal level; 'best practices guide' including recommendations for legal and administrative improvement, methods and policies to overcome problems, will be provided for the dissemination of best practices on municipal property management. Achievements: • PROMISE Software and Guidelines help set up a municipal real estate property inventory and management system• Best practice guide for the management of municipal real estate property• Conceptual Framework for Recording Municipal Property• Pre-feasibility study for optimized management of municipal property as social housing - Tirana Municipality• Pre-feasibility study for optimized management of municipal property for administrative purposes - Sofia Municipality• Pre-feasibility study for using municipal property for business purposes - Athens• Pre-feasibility study for using municipal property for business purposes - Bucharest• Pre-feasibility study for using municipal property for business purposes - Trikala• PROMISE study for developing a comprehensive system for municipal property classification• PROMISE study of classification criteria for municipal real estate property stock-taking• PROMISE study of tools for evaluating the economic performance of municipal real estate property• Synthesis report on existing institutional framework and management practices related to municipal real estate properties• Synthesis report on institutional framework efficiency for municipal property management • White Paper on managing municipal real estate propertyFor more information see:http://www.southeast-europe.net/en/projects/approved_projects/?id=98