Is the University estate an expensive asset

Is the University estate an expensive asset PowerPoint PPT Presentation


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Is the University estate an expensive asset

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2. Is the University estate an expensive asset ? Land Cost – freehold, leasehold Capital Build cost - different procurements, deferred charge Insurance Maintenance – reactive, Long Term Maintenance Staffing Legislative Compliance Refurbishment Sustainability

3. Sector Figures – 2001/2002 EMS Returns Total Gross Space 24.4 million m2 Total revenue property costs £1.45 billion (£85/m2 net) “Poor” condition space 8.8 million m2 Estimated backlog costs £3.29 billion

4. Ratio of Total Property Costs to HEI income

12. Comparisons with the commercial sector HE Sector Commercial Sector £m2 £m2 Running Costs 51 99 Repair Costs 21 35 Cleaning Costs 9 16 Utilities 11 15 Estate Management 3 7

13. So, the Estate…… Is expensive But, not as expensive as the commercial sector, nor is it in as good condition ! Is under funded (and outmoded ?) Is essential ? Without it, how does a University operate ?

14. If we conclude that we need an estate…. what are the crucial elements it has to deliver AND how do we maximise the potential ?

18. Site area 110 Hectares Gross internal area : non residential 88,411 m2 residential 91,716 m2 180,127 m2 78% of non residential estate constructed between 1960 and 1979 65% of residential estate constructed since 1980 Since 1980 student numbers have increased by 240%

23. Assuming growth in student numbers to 8786 by 2010/11 Already committed Teaching space Lecture Hall 1000m2 1000m2 Seminar space 2160m2 100m2 Departmental space 12466m2 3325m2 Administrative space 2696m2 Other 4940m2 Totals 23262m2 4425m2

24. Swimming Pool Hexagon – conversion to One Stop Shop Student Street Railway Halt Sports Centre Extension Phase 3 LTB Refurbishment Phase 3 Extension of Sports Centre Human Performance Unit Multi – Faith Chaplaincy Centre Laundrette Relocation New Office Building Network Centre Extension Medical Labs New Road Entrance

27. But, are these elements still valid, or effective, and are they enough ? What are the strategic issues ?

28. Strategic Issues The political agenda How long can outmoded buildings support a University ? How much land is left to develop ? If we want to provide more residences, where ? If students pay higher fees, what will they expect from the physical estate ? What are the implications for the estate of more academic collaboration ? The “environmental agenda” Intensification of space use Corporate strategies for sustainable growth ? Quality What impact will mergers and rationalisation have ? Cost of long term planning and risk of minimising flexibility Colchester Borough Council’s Local Plan has established the scope of development for the next 10+ years. If we want to influence change, we have to be thinking about 2018 now !

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