ESTATE STRATEGY
The Estate Strategy sets out a development framework for The University of London covering a five year period from 2015 to 2020 focusing on providing the appropriate physical infrastructure to meet the University’s vision of having fit-for-purpose buildings and facilities for the central University and the Colleges. To date, the University has focused on providing estate solutions to the Federation. Under our fiver year strategy, the University intends to change its estate management approach, so that there is equal focus on asset enhancement and improving the financial return. This reflects the increasingly competitive nature of the education sector and the need to accelerate levels of investment in the estate and our academic mission. This will enable the University to better meet the needs of the Colleges, Institutes and their students; develop a more constructive working relationship with other partners and stakeholders; and, equally important, generate returns that can be re-invested. This Strategy will seek to concentrate academic and federal University activity into our core estate (Estate One) in order to release other property/land for commercial income generation. The University’s estate, with the iconic Senate House at its heart, is not just an asset for the University but also for London and the wider community. We will continue to safeguard its heritage, encourage public access to the buildings and enhance academic activity. The Estate Strategy sets out a development and asset management framework for the estate with the aim of providing the physical environment required by a world-class university in a changing educational environment. It builds upon the work achieved by the 2004 Estate Strategy and responds to the University’s Strategy (2014-19) and on-going challenges in a highly competitive environment. The quality and the functionality of the building stock has improved since 2004 but further investment is required to bring the entire stock to condition A and B and functionality 1 and 2 (HEEMS definition). The 2014 Condition Survey establishes a base on which this investment can be planned. This Survey in conjunction with the estate development plans and the University’s Finance Strategy will enable the University to formulate and manage a more detailed annual capital plan.
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