Case Study / Penryn, Cornwall

Penryn Campus

Glasney Village

Glasney Village

Glasney Village

Glasney Village

Campus accommodation audit and requirements review for the University of Exeter and University College Falmouth.

Campus was originally instructed by both the University of Exeter and University College Falmouth (now Falmouth University) in 2009 to undertake a thorough review of their existing campus accommodation at the Penryn Campus, an analysis of future demand for additional accommodation and the potential for both on and off campus development.

The first review involved:

  • Detailed analysis of the on and off campus accommodation supply.
  • Detailed analysis of the student profile and demand for university accommodation.
  • Assessment of the additional beds required to absorb the anticipated growth in student numbers and to limit the impact on the private rented sector in Falmouth and Penryn
  • Assessment of current running costs and rental levels and recommendations on possible improvements to net operating income.
  • Advice on alternative development arrangements.
  • Identification and assessment of potential alternative off campus development opportunities.
  • Reporting to senior executives of both UCF and UoE with recommendations, risks and opportunities.

Subsequent work included the conclusion of a combined on and off campus development strategy and presenting to principal local stakeholders including Planning Committees to secure  policy support for off campus accommodation.

The first two legs of the strategy involved the development of Phase 2b on campus and securing an additional 240 beds by way of a new third party off campus development in Penryn.  Campus provided development advice and negotiated the agreements throughout the procurement of the additional off campus beds.  A separate case study is provided on the latter mandate.

 

 

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