Real Estate Working Group
The Real Estate Working Group (REWG) was established in 2017. The Group was initiated by the Public Real Estate Management (PREM) team at ETH Zurich, to share knowledge, good practice examples, benchmarks and conceptual frameworks in the field of real estate development at IARU universities.
REWG has developed a number of workstreams including space efficiency and productivitiy benchmarking, shared facilities, capital planning and investment strategies, and tools in real estate management. REWG has met at workshops in 2017 (in Zurich) and 2018 (Oxford), and members collaborate on specific projects throughout the year. The workshop in 2019 will be hosted by Yale, with a focus on benchmarking, strategic estate planning, space norms, space utilisation tools, facilities management and life cycle costs.
Mission StatementIARU Real Estate Working Group Mission Statement
The IARU Real Estate Working Group creates a forum for collaboration and information-sharing about the interests and challenges in the field of real estate management for research universities, contributing to a platform for learning through sharing our institutions’ experiences and practice examples.
- Members will actively participate to the extent feasible to share knowledge about topics in higher education real estate development and management.
- Relevant topics include physical and land use planning, capital investment, facility management, space utilisation, fiscal constraints, and other associated administrative policies and practices that may emerge as the group’s work progresses.
2017 WorkshopThe IARU Real Estate Working Group held its first meeting at ETH Zurich on 24-26 September 2017. Discussions showed high interest in benchmarking, analysis of shared space concepts, and capital investment strategies.
REWG held its second annual workshop in Oxford in September 2018. The meeting was structured around sessions relating to benchmarking, shared facilities, capital planning/investment strategies, tools in real estate management, and highlights. All universities attending made positive contributions to the success of the meeting.
It was agreed to undertake some further work on the benchmarking exercise to ensure the robustness of data sets and analysis. Also, to develop other workstreams in 2018/19 on space norms, space utilization, life cycle costing, estate strategies in the context of academic strategies (or lack thereof) and facilities management.
The member universities face common estate challenges, there are pockets of excellence in each despite those challenges, and through continued collaboration we can identify best practice and transfer knowledge for the wider benefit of all.