THE ESTATE
The University of Reading has a complex estate that accommodates many different and interdependent teaching, research and operational activities across 3 locations in the UK and in Malaysia. This extensive estate has an increasingly important role in attracting the best teaching, research and student talent, and supporting the University’s position in a competitive Higher Education sector. The University of Reading owns, occupies and manages a large, complex and dynamic estate comprising 469 assets totalling 392,570 m2 GIA (284,105 m2 NIA). The University estate consists of three main property portfolios, defined by use: • The Academic Estate that provides teaching & research facilities, and business accommodation. • The Investment Estate which includes a variety of properties primarily held to generate third party income and in some cases, support the academic and non−academic requirements. • The Residential Estate, which provides student accommodation. Academic Estate The Academic Estate is primarily located in the UK and on a purpose built campus in Malaysia, with some properties located overseas to support Henley Business School. The majority of the premises within the Academic Estate are located across four locations: • Whiteknights, Reading; • London Road, Reading; • Greenlands, Henley on Thames; and • Educity, Johor Bahru, Malaysia Investment Estate The Investment Estate consists of properties that are primarily located in the vicinity of the University in Reading and includes land, residential, commercial and industrial premises. The University’s investment portfolio and sub−let spaces across the Academic Estate, generates a rent roll of approximately £4.47 million per annum and is split into non−residential and residential asset categories. The primary function is to generate income and capital receipts but this estate does also require capital investment to sustain the revenue streams and support wider operational objectives. Residential Estate The University’s residential estate has been disposed of on a long lease to UPP, who now manage and provide residential accommodation to students on behalf of the University. The University continues to provide some services across this residential estate, such as catering, grounds maintenance, security, bars and student IT, and needs to consider these facilities and services on an on−going basis as part of the estate strategy. The relative scale of the three estates is summarised below.
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