The reclassification of Further Education (FE) colleges as public sector organisations by the Office for National Statistics in November 2022 had a significant impact on college finances.
For an already over-stretched and underfunded sector, the withdrawal of commercial borrowing and the restriction on selling surplus estate presented a new set of challenges.
Based in London, with representation across our national office network, our dedicated team has the expertise to help Further Education institutions understand their property assets and advise on how to maximise the potential of their estates.
Our clients include colleges and college groups, their banks, investors and other stakeholders, as well as government institutions. Our full-service offering includes valuation and appraisals, options appraisals, building surveys including RAAC, Planned Proactive Maintenance (PPMs), project management, planning and development, purchase, sale and leasing, and business rates mitigation.
In addition to partnering with colleges, we collaborate with other advisors, project managers, auditors, solicitors and other consultants, both within Newmark and beyond.
