Stenprop and Birmingham University form Knowledge Transfer Partnership

By Paul Norman - Wednesday, June 13, 2018 10:41

Stenprop, the UK multi-let industrial property business, has joined forces with Birmingham City University (BCU) to form a Knowledge Transfer Partnership, the programmes part funded by government to help companies access the knowledge, expertise and resources available in universities, in what the partners are describing as a first for the UK property industry.

Stenprop explained the Knowledge Transfer Partnership (KTP) as: "A tie-up between a business, an academic institution and a graduate that enables a business to bring in new skills and the latest academic thinking to deliver a specific, strategic innovation project."

It added: "BCU will provide the technical knowledge to analyse, quantify and extrapolate Stenprop’s tenant and other market data with a view to developing operational insight into the multi-let industrial sector, and ultimately, revenue-generating opportunities for Stenprop."

The partners are in the market for a graduate to lead the two-year project.

Julian Carey, Group Property Director of Stenprop, said: “We believe there is a huge opportunity to disrupt the traditional property company model by applying innovation and technology within the multi-let industrial market. The partnership with BCU will enable us to develop a data-driven approach to our business model of offering space as a service to our customers, and will, in turn, improve customer retention, occupancy and, ultimately, drive rental growth”.

David Higgins, Professor of Real Estate at BCU, said: “This Knowledge Transfer Partnership is a great example of industry and academics aligning their capabilities to achieve defined goals.

“Innovation is changing the demand on real estate. Those owners that can learn and adapt will be leaders. Applying innovation as the key property strategy provides opportunities to help owners and occupiers realise the benefits of space well beyond the traditional bricks and mortar structures."

pnorman@costar.co.uk

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