Imperial's Property Holdings Revealed

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Imperial's Property Holdings Revealed FR IDAY, 2 ND MARCH, 2018 – Keep the Cat Free – ISSUE 1687 Felix The Student Newspaper of Imperial College London NEWS First wave of strikes come to an end PAGE 3 ARTS It's about time for a Picnic at Hanging Rock PAGE 16 FILM Imperial has one of the largest property portfolios among London universities // Imperial College London Imperial's property holdings revealed NEWS of London universities for postgraduate students, buildings, such as the Mo- from rent from commer- and include a significant with prices up to £430/ lecular Sciences Research cial property increased to Our picks for this Fred Fyles amount of student ac- week. The College has Hub, which will cost an nearly £10 million. Editor-in-Chief commodation. Through been accused by some estimated £154.4 million, Overall, Imperial has year's Oscars' data obtained from postgraduates of aggres- Imperial has greatly increased the total fixed Ceremony freedom of information sively marketing GradPad increased its property assets it owns – a category Large property requests, as well as pub- at the expense of alter- investments. Last year it that includes freehold land PAGE 20 portfolios, rapid licly available records native housing options increased its holdings in and buildings, fittings, and expansion, and luxury and statements, Felix has accessible to all budgets. investment property by equipment – from £1.37 SPORTS found Imperial has large more than £60 million, billion to over £1.5 billion PG accommodation sums of money invested Imperial’s Expansion from £116.6 million to over the past academic – Felix investigates in property currently £179.1 million, largely year. This is one of the Imperial's property under construction, and Imperial has been through the acquisition of largest portfolios among holdings. has increased its proper- rapidly expanding over a large site in North Acton London universities – ty portfolio dramatically the past few years, with a currently used by Dixon equivalent to LSE, Queen mperial College over the past year. number of developments Carphone. Sales of invest- Mary’s University of Full coverage of London’s property Imperial owns driven by the move to ment property generated London, and St. Georges holdings are among GradPad, two blocks of White City. Alongside £6 million for the College Bottle Match the most extensive high-end accommodation the new educational last year, while income Cont. pg 5 PAGES 41-44 I #voteicu imperialcollegeunion.org/vote FR IDAY, 2 ND MARCH, 2018 FELIX FELIX ISSUE 1687 EDITORIAL NEWS [email protected] CONTENTS EDITORIAL 2 Elections are upon us First five days of strikes end with Imperial calling for NEWS 3-7 les – Felix E COMMENT 8-10 o, we’ve made it. Fy dit have said holding onto As my Facebook ed or anger is like holding onto The Felix Team review of UUK changes Fr SCIENCE 11-12 timehop helpful- a hot coal, but perhaps in ly reminded me this current weather that’s Editor-in-Chief NEWS proposals. In a statement TECH 13-14 Sthe other day, it has been exactly what is required. Fred Fyles for Felix, a College rep- • a full year since I start- Plus I don’t think the Deputy Editor Fred Fyles resentative said: “recog- ARTS 15-16 ed plastering my face Buddha ever had to deal Joanna Wormald Editor-in-Chief nising that this work may around campus in an with the Fusion price • take time and go beyond BOOKS 17-18 effort to have the chance increase, so I’d take the News Editor the statutory deadline for to plaster this paper advice with a pinch of Joanna Wormald Imperial shift position changes to be introduced, FILM 20-21 • around campus instead. salt. Politics Editors as lecturers and and if asked to do so, the MUSIC 25-28 I can’t say I look back Avirup Banerjee support staff walkCollege has pledged to on those two weeks of The sabbatical roles Divyen Vanniasegaram out for five days, with carry its share of the risk GAMES 29 electioneering fondly; in aren’t ones you can • of staying on the current fact, they were probably do adequately without Comment Editors strikes set to continue. scheme while this work is Alan Perfect TRAVEL 30-31 two of the most stressful at least a modicum of Charlie Titmuss completed.” weeks I’ve experienced passion for the job; after • mperial College This week saw the FOOD 33 since coming to univer- all, many of you could Science Editor London senior completion of the first sity. This year things probably be earning quite Rosie Dutt management have five days of strike action, LIBERATION 35 are probably going to • called on Univer- a bit more working for a Tech Editor with a number of Imperial be even more intense, large faceless corporation, Tom Mrazek Isities UK to reevaluate staff and students braving HANGMAN 36-37 since the two weeks of so the decision to work for • their proposed changes the cold weather to stand PUZZLES 38 campaigning and voting is a difficult time for the anybody puts themselves not quite as much, in a not Arts Editors to the Universities Su- on picket lines. The fifth are going to be crammed current sabbatical officers; forward because they’re quite as large, not quite Indira Mallik perannuation Scheme day of action ended with into one. If there are any we’re going to spend most happy with the status quo: as faceless charity must JJ Cheng (USS), amid concerns a demonstration in central SPORTS 39-44 Adam Gellatly lectures not being can- of the week listening to you nominate yourself mean it’s something you • over data and analysis. London, joined by Imperi- celled by the strikes next our potential successors because you have opin- take an interest in. Hold Books Editors In an email sent out al staff and students. Last week, I’m sure they’ll be point out all the things ions on what hasn’t been on to that passion; don’t JJ Cheng to staff on Tuesday af- Tuesday, UUK and UCU taken up by innumerable that haven’t done, and delivered, and you have let it be extinguished when Alice Peberdy ternoon, Professor Alice announced a joint arbitra- awful shout-outs, so • Gast, President, and promise to do a better job ideas about how to deliver you get into your role, but Music Editors tion attempt through Acas, look forward to that. than we have. Ouch. I get them – whether that’s instead use it to push for Professor James Stirling, an industrial conciliation Students and staff on the march on Wednesday // Ansh Bhatnagar Felix Office Andy Djaba Beit Quad, Prince Consort As for me, I’m nearly why it has to be done, but improving the counselling change, and achieve all Adrian LaMoury Provost, said the College service. Talks are sched- Road free! This time next week it ain’t going to feel good. service, bringing back the things you don’t think Henry Eshbaugh “are now calling upon uled to begin on Monday think it would be foolish once and for all.” “On Tuesday the Pres- have averted the strike. London, SW7 2BB voting will have closed, But it is something the SCR breakfasts, or just we’ve done. • UUK and USS to jointly 5th March. for anyone to predict the UCU representatives ident announced a huge “It is up to UUK to get Tel: 020 79548072 and we should be about to sabbatical team need to trying to make Imperial a So if you’re running Film Editors convene an expert group, outcome of the analysis, welcomed the news. Dr shift in the position of the to grips with the reality Email: [email protected] Mikhail Demtchenko find out who next year’s hear, myself included. friendlier place to be. make sure you don’t pull Ashley Luckyram including both their advis- so let’s do it, and then Michael McGarvey, pres- senior management at Im- of the situation and come felixonline.co.uk sabbatical team are. For Many people run, not out For all those running, I any punches; shout loud ers and leading academic work out what the best ident of Imperial UCU, perial, altering their hard- to a fair and acceptable @feliximperial Mark Aduol “In an email, whoever succeeds me as of some desire for change, ask one thing: this week and clear about what you Michael Purdy experts, to provide full way forward is.” told Felix: “During the line stance in supporting settlement. Until then our Printed by Mortons Media Felix Editor, I wish them or to do good (although might go by in a blur, but want to do, and make sure • transparency” on UUK’s Alice Gast said Rhidian Thomas, second week of the strike the implementation of the strike will continue.” Group, Boston Road, the best of luck, and pray those do come into play), never forget that feeling you go ahead and do it. TV Editor proposals. It came four Imperial College Union’s our members at Imperial very detrimental changes The development Horncastle, Lincolnshire Andrew Melville their neurotic tendencies but more out of frustration of anger or frustration that And this goes for Felix. days into industrial action the College Ethics and Environment have continued their to staff pensions. It shows came after more than 60 Registered Newspaper • ISSN 1040-0711 are less pronounced than at how things have been made you run in the first Just don’t be mean about Food Editors by the Universities and 'are now Officer, who has been sup- tremendous support and that the senior manage- universities were affected mine… The next week going so far.
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