The number of partnerships between education providers, particularly universities, and the private sector has risen remarkably in recent years, and that growth is only going to continue.
In this TUD Plus Briefing taken from The Urban Developer’s Education Developer vSummit, JLL’s head of strategic consulting David Brown explains how JLL brings the two parties together and how education of the property market to the particular needs of the sector is vital.
“Historically universities have always been the owners of large land parcels and many assets,” he said.
“The role of brokers has been articulating, from a university’s perspective, to the market what the opportunity might be, and then relaying that message back to the university.”
Brown said this had changed somewhat with more university’s developing strategic plans and “working through being in the business of education”.
“So, creating great student experiences, which enables more student numbers and great worker experiences, which means attaining greater academics and attaining more research funding,” he said.
“They’re the key drivers. So how do you create annuity streams from that?
“It’s articulating that message to the market where the market understands …[universities are] not in the business of development, but they need to deliver on these key assets, and they don't want to sell the farm.”