Estates Management record 2012/13 - Gross Internal Area commercial spaceGrossInternalAreaCommercialSpace
Estates Management record 2012/13
Gross Internal Area commercial space
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This fields in this entity contain data about the Gross Internal Area (GIA) deditcated for commercial use.
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All higher education institutions (HEIs).
The term ‘commercial space/property’ (also called investment or income property) refers to buildings (or part buildings) or land intended to generate a profit or strategic benefit to the HEI, which might be from capital gain, rental income or collaboration benefits i.e. intellectual property rights or other. The arrangements may be by licence, lease or other formal arrangement.
In general, commercial space would be let to a third party, whose aims and objectives are not an integral part of the core function of the HEI. The floor area of any commercial space that is currently vacant, even if it has been let previously and may be again, should not be separately identified as ‘commercial’ if the costs associated with that space are included elsewhere within the HEI return.
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