Master Planning & Advice:
In recent years, 333 has increasingly been called upon by schools to help develop long-term master plans, to help the schools both understand their real estate ownerships and to look at how they can be best be used to create a financially secure future for the institution.
This new aspect to 333 business model focusses on more urban schools, as well as rural schools, that have significant real estate assets, and who need a development focussed, low risk, but profit driven solution to real estate and operational needs.
All Schools tend to have long-term Master Plans. These are often 20year vision documents that seek to set out how the school intends to grow. These plans have historically been prepared by a mix of Architects and Educationalists and often do little more than present a wish list of new facilities that the school will be able to offer to prospective parents in the future.
Whilst the benefit of these documents is not questioned, the problem is that often these colourful conceptual Master Plans are undeliverable. No consideration is given during the conception of the plan as to the economic cost and benefit of its elements. As a result, schools often find they don’t then have the capital resources to implement the grand visions created.
At 333, our approach is different. It is economics over grand visions. A Master Plan needs to not only address the viable wish list of a school, but crucially it must identify the realistic ability to create development assets for capital profit or long-term income that will pay for the wish list infrastructure improvements desired by the school.
Our plans address all factors impacting the school in question, looks at its desired evolution and the potential in its asset base and formulates a realistic plan and timetable to economically deliver the best result for the school, using detailed financial modelling and cash flow projections to formulate a deliverable offer.
We understand schools and the pressure they are under and we can design solutions based around the efficient use of real estate assets.