Growth in UK university estate recorded in latest survey
01 December 2016
Following further growth in the UK's university estate, it now measures 14.3m sq m, according to the latest survey by the Association of University Directors of Estates (AUDE).
This was 200,000 sq m more than for the 12 months prior to the AUDE study.
Having grown by £2bn in 12 months, the annual turnover of the university estate is recorded at £30bn, despite challenges in funding budgets and a reduction in home students.
Increased investment in the estate saw a 5.6% increase in capital expenditure, with the aim of improving facilities to meet staff and student expectations.
Total property costs are shown to have increased marginally, rising from £95 to £98 per sq m over the past seven years, according to the AUDE report, which is attributed to efforts to improve efficiency.
Examples of the efficiency drive include the securing of commercial deals with companies such as Ocado and Regus for office space, plus commercial leases with Santander and the NHS, by the University of Hertfordshire.
As a result of these efforts, the university's income was recorded at £1,477 per sq m in 2014/15.
Continuing aims of university estate directors include further efficiency drives, cost reduction, estate improvement, raising service levels and increase commercial income.