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Gold Rush? Estates spend from Architects' Journal

05 February 2019      Martin Higgs, Communications Officer

AUDE Executive Director Jane White comments within an article in the Architects' Journal on university estates spend: "Has the university building gold rush run its course?"

As Jane comments: "The picture is complicated. The diversity of universities within the sector contributes to this. The UK’s biggest universities – the ones with international reputations and significant research-based income – may well be in a very different position to a small teaching university in terms of their ability to raise and service loans for estates investment.

And we should remember that some universities – Huddersfield comes to mind – are building new without borrowing. 

But across the sector there are many similarities: every university competes for both domestic and international students and staff; every university awaits the outcome of the Augar review with some nervousness as the potential for disruption to existing business models is so great; every university wishes the uncertainty associated with Brexit was over; and every university tries to balance an affordable mix of new builds and maintaining older buildings and repurposing their learning and accommodation spaces.

We [as directors of estates] are just as interested in this latter aspect – reshaping learning spaces to current need – as we are in the rather grander new-build ‘statement building’."

The full article can be read on the Architects' Journal website.



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