Estates Management record 2015/16 - Total GIA commercial space
Estates Management record 2015/16
Fields required from institutions in Wales
Total GIA commercial space
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This field contains data about the total Gross Internal Area (GIA) deditcated for commercial use. The value can be recorded to three decimal places.
|Applicable to||England Northern Ireland Scotland Wales|
All higher education providers (HEPs).
|Unit||Square metre (m²)|
The total of returnable GIA dedicated for commercial use for the whole estate.
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 HEP, 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 HEP. 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 Estates management record.
Commercial space that can be separately identified as a discrete area together with all associated costs, staff, energy, waste, emissions etc. is considered non-returnable and should be excluded from the Estates management record.
Only in circumstances where commercial space cannot be identified in accordance with the aforementioned conditions is it considered returnable and should therefore be included in the Estates management record (together with all associated costs, staff, energy, waste, emissions etc.).
Please note that this field is not used in the calculation of Total GIA.
Quality rules relating to this field are displayed here.
Sector use and benchmarking.
Data type: LENGTH11DECIMAL3Type
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