Firm to provide advice on all aspects of university’s 270-asset portfolio
Gerald Eve have been selected to provide a comprehensive corporate real estate service across the entire portfolio for UCL
Focused on Bloomsbury – but with other areas of development including UCL East, Canary Wharf, Here East and Dagenham – UCL’s estate incorporates some 270 individual properties incorporating in excess of 1.4 million sq ft of space, with uses including offices, research, teaching and community space. UCL is one of the largest non-Government occupiers in central London.
The mandate covers a full range of advisory services, including: real estate strategy; acquisitions and disposals; leasing; town planning; estate management; valuation; landlord and tenant; and rating.
UCL is home to nearly 44,000 undergraduate and postgraduate students, alongside 13,000 academic and operational staff, and is the UK’s top-rated university for research strength. The main campus, located in Bloomsbury in central London, has featured in films including Gladiator and Batman Begins.
Megan Putt, senior estates surveyor at UCL, said: “We have a longstanding existing relationship with Gerald Eve in areas such as rating, lease consultancy and corporate real estate advisory, and have always been impressed not only by the level of service we have received but also the innovation and adaptability the firm shows in its thinking. At a time of shifting dynamics, there are some huge opportunities and challenges within our portfolio, and this expanded relationship will help UCL realise the efficiencies and wider benefits that will help position the university for future success.”
James Southey, partner at Gerald Eve, said: “This mandate win not only underlines the full range of capabilities we hold, but also our success in collaborating both internally and externally to generate the very best outcomes for clients. UCL holds the most prestigious university estate in London, and its choice of Gerald Eve as corporate real estate advisor follows our investment over many years to strengthen, widen and diversify the range of services we can offer. We look forward to working even more closely with UCL to drive change and positive outcomes across its portfolio.”
The tender process was run based on the Homes England framework, against competitive bids from a range of major consultancies. The contract runs from three years from 1st August 2020, with extension options beyond that.