1 minute read
COLLEGE PRESIDENTS DEMAND RECOGNITION FOR WORK
from Issue 278
by York Vision
Knowledge
amongst the student body, the University of York only owns four of the eleven colleges available for student accommodation.
Advertisement
Referring to companies providing accommodation, such as StudentFirst, contracts are drawn up entitling the private company who builds the accommodation to run the accommodation for a short period of time. As such, the University collects rent from these privately provided rooms, with this going straight to the accommodation provider.
As of 2022, colleges with complete ownership by the University include Constantine, founded in 2014 on East Campus. Originally owned in equal shares by Evans Property Group and the University, UoY purchased Evans’ stake for £9.8 million in 2018.
One of the most expensive colleges, with the cheapest accommodation starting at around £166 per week, Constantine was listed as the least popular of the colleges on Hes East in 2021.
One of multiple colleges on Campus East financed through third-party backing with the Evans Property Group, the University’s finance director said at the time of the acquiring of Constantine that “the University will continue to work with Evans in its plan to transfer its 50% share of the two other Colleges on Campus East, namely Langwith and Goodricke.”
Another university-owned college is Derwent, one of the founding colleges of the University in 1965. James College is also under full ownership by the University, transitioning from a post-graduate only college in 1993.
Colleges currently under complete third-party ownership include the newly constructed Anne Lister and David Kato colleges, both created on campus East in 2021.
Wentworth, the post-graduate only college, is also not fully owned by the University.