Irene Masterton

Corporate Director of Estates

Department for Work & Pensions

Irene Masterton was appointed Commercial Director, Estates in the Department for Works & Pensions in January 2016. She is responsible for negotiating the exit of the PRIME contract, developing and procuring a new service delivery model and rationalisation of the DWP Estate in line with the Department’s 2020 vision.

Irene joined DWP from Shell International Petroleum Limited where she was the General Manager, Retail Network Real Estate from September 2009 until December 2015. Whilst at Shell she led the Network Real Estate Centre of Excellence team to drive operational efficiencies, real estate strategy and proactive asset management in the retail property portfolio (12,000 company operated sites) in conjunction with the country delivery teams.

Irene has also held posts at:

  • Standard Chartered Bank (International Bank) in Corporate Real Estate Services holding Group level positions covering Facilities Management, Transactions, RE Strategy & Planning and RE Asset Management.
  • Monteray Limited (BT Jaguar – FM Outsourcing) as Project Director for the mobilisation and transition of FM services of the BT property portfolio to an outsource provider Joint Venture.
  • Computer Sciences Corporation (IT Consulting & Outsourcing) as Head of Property, Europe.

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