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Locke, William
(2004).
DOI: https://doi.org/10.1080/1360310032000129414
Abstract
The estate is a valuable and – in times of expansion – scarce resource to set alongside an institution’s human resources, intellectual property, financial assets and reputation. As such, it enables an institution to carry out its primary activities, and the way the estate is managed can have a significant impact on whether an HEI achieves its overall business goals. In addressing the issue of estates strategy, this paper considers the impact of estate on university planning and why it has been underestimated, the implications of institutional missions for estates strategies and ways of making estates strategy integral to university planning. A major theme is the significance of an HEI’s estate for its image and reputation, and hence its ability to attract students and staff and to maximise its income from public and private sources. The conclusion sketches a vision of ‘21st century’ university environments and the role of estates strategies in realising these.