University education assets as a property sector

Graeme Newell

ERES from European Real Estate Society (ERES)

Abstract: Universities internationally have recently increased their campuses to attract a broader coverage of students in a very competitive university education market (e.g.: international students). This has seen many universities establish a CBD office presence via vertical campuses in addition to their traditional campuses. Universities have considered a range of options to access the office property space, with the attractiveness of universities as major office space tenants and university education assets now being critically assessed as a potential property sector for investors; e.g.: included in a property fund. Using an extensive survey of Australian universities, superannuation funds, property funds and valuers, critical issues in the successful delivery of education assets as a new property sector are assessed for these various stakeholders in the education asset delivery process. A number of local and international case-studies are also presented to highlight specific strategic and practical issues for education assets as a property sector and universities as major office space tenants.

Keywords: CBD office space; Pension funds; Property funds; University education assets; Vertical campuses (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2017-07-01
New Economics Papers: this item is included in nep-edu
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