INTRODUCTION and OVERVIEW
AMA Research are pleased to announce the publication of the
4th Edition of the report “Higher Education and Student Accommodation
Construction Sector – UK 2012-2016” – a key sector continuing to
demonstrate robust growth over recent years.
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Key areas
in the report:
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Review of university capital funding – budgets, plans,
key universities, alternative funding sources.
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Detailed analysis of types of accommodation within
the student housing market, including current supply
in university halls, commercial and private accommodation
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Key
potential growth areas up to
2016
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Key operators,
contractors/consortia
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According to Building magazine
(April 2012) “almost 80% of UK universities are planning to
begin major building projects within the next year, as
institutions invest in estates to attract students”.
The report identifies construction activity
in the sector – in both universities and student accommodation
–reviewing capital funding, maintenance issues, demand/supply of student
accommodation, key contractors and consortia in the sector – together
with a review of prospects up to 2016 .
Areas of particular
interest:
view
of ownership and maintenance requirements of student halls
- alternative funding options for universities
upgrading residential/non-residential facilities and
options for transfer of stock to private sector.
Review of capital funding
in HE system , impact of government spending
cuts on current and planned university
capital building programmes.
Supply-demand imbalance
of purpose built student accommodation (PBSA)
driven by
rising student numbers - problems of under-supply in many
university towns, especially London.
Analysis of university estate and infrastructure
backlog, and an overview of leading construction
contractors operating in the higher education sector.
Partnership models
between
investors, developers and operators of PBSA
with universities
to
upgrade/replace existing stock. Growth of private sector
to upgrade and develop accommodation – transfer of
ownership / outsourcing
functions
to the private sector.
Market shares,
portfolios and future development pipelines of key 25
commercial operators and investment funds in PBSA market –
new market entrants.
Analysis of
developer activity within PBSA market including current
supply of accommodation, factors affecting market and
forecasts of future PBSA development pipeline, key growth
opportunities – c 500,000 bedspaces in 2011 but demand
continues to grow.
Some of the
leading contractors
included in the report.
Balfour Beatty, BAM Construction,
Border Construction, Bouygues, Carillion, Costain, Interserve,
ISG, John Sisk, Kier, Laing O’Rourke, Leadbitter, Lend Lease,
Midas, Miller Construction, Morgan Sindall, Ocon Construction,
Shepherd Construction, Sir Robert McAlpine, Skanska, Vinci,
VolkerFitzpatrick, Wates, Watkins Jones, Willmott Dixon.
Key areas covered in the report include:
OVERVIEW OF THE HIGHER
EDUCATION SECTOR IN THE UK
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Brief overview of
higher education system in the UK including types of
University and the impact of new universities on
infrastructure development.
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Growth in student numbers, recent trends/future
prospects, increase of overseas students, impact of
higher tuition fees on student numbers in future.
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Analysis of the Higher Education White Paper and its
impact on universities.
HIGHER EDUCATION SPENDING AND
INVESTMENT
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Value
of total university funding in the UK to 2014-15 -
Higher Education Funding for England, Wales and
Scotland to 2015.
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Overview of higher education capital investment to
2014-15, Capital grants up to 2014 – total and for
top 10 universities in England and Scotland.
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Impact of funding cuts on university infrastructure
development – alternative funding sources, review of
ownership and maintenance requirements of their student
halls.
Other Sources
of University Income – Charitable Trusts, Endowment
Funds, Bond Markets.
CONSTRUCTION ACTIVITY IN THE
HIGHER EDUCATION SYSTEM
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Analysis of construction output in the higher
education sector.
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HE
Capital Spending, top 20 University capital grants
2011-2015.
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Announcements for University
Science Facilities in the
2012 Budget.
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University Estate – Current
age of university buildings and maintenance
backlog (by value)
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Examples
of university capital building programmes, impact of
spending cuts, procurement of capital building
projects in the HE sector.
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Higher Education Contractors
and Consortia –
key players, projects/pipelines, recent awards, clients,
procurement issues, etc.
OVERVIEW OF THE UK STUDENT
ACCOMMODATION MARKET
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Mix of student accommodation
– bedspaces 2006-2016, mix by type -
university owned/operated, commercial / PBSA halls,
private shared houses. Current supply of student
accommodation at leading UK universities including
share/volume mix of types of accommodation –
outsourcing , transfer of ownership to private sector
etc.
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Impact of rising student numbers /international
students (a key market) on univ. accommodation –
c.500,000 bedspaces in 2011 but demand continues to
grow.
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Regional
analysis of student accommodation market – level of
provision, opportunities.
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London
student
accommodation market – rising student numbers and
planning restrictions affecting development
activity in some central areas, development pipeline.
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Factors affecting
student accommodation market –impact of rising student
rents, recession and higher tuition fees on PBSA market,
student accommodation investment funds.
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Market shares
of leading 25 commercial operators of
accommodation including developers, housing associations –
Unite, UPP, Opal, Liberty Living, Sanctuary Homes,
Victoria Hall, IQ, Watkins Jones etc - analysis of
portfolios and forward development pipelines.
Leading investment funds – portfolios, fund values.
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Future supply
2012-2016, analysis of future PBSA
development pipeline both in London and nationally,
market prospects,
key growth areas, new market entrants.
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