University of Otago
Otago University’s $1.6 billion property inventory is constantly changing to reflect the evolving needs of the real estate, through building development, land purchases or leasing arrangements. This is achieved through a strategic asset management plan, which provides an operations strategy for the entire campus but also focuses on each individual asset.
This session will discuss:
- Establishing the need for a new rebuild rather than altering an existing structure in order to reduce costs in the long term
- Refurbishing the whole of a facility versus a piecemeal approach that often occurs in practice
- Identifying assets for disposal or demolition
- Owning versus leasing – what is best?
- Discussing the appropriate life-cycle length of a university asset
- The benefits of leasing university assets for noneducational purposes
- The key indicators of a commercially viable real estate purchase