The University of Victoria is restructuring the management of its non-academic real estate assets and has created a new position, Chief Executive Officer, to provide strategic leadership of the entire non-academic real estate portfolio.

Over the past 12 years, UVic’s non-academic property holdings off campus have increased substantially, to the point where the university now has significant holdings including ongoing businesses (Swans Hotel and Brew Pub received as part of the bequest from Michael Williams), properties that provide support for innovation and commercialization such as Vancouver Island Technology Park and other properties.

We are looking for someone who has the broad expertise in real estate portfolio management to optimize the return to the university and enhance the long term value of this incredibly diverse portfolio. This individual will also need to ensure that the university’s property holdings are managed in a way that supports the university’s core mission and, in the case of donated property, is consistent with the wishes of the donor and the purposes for which the gift was made. At VITP, the new CEO will need to continue to work closely and in partnership with its tenants.

With the creation of this new position with broader responsibilities, the position of president, technology parks has been eliminated.

The board of UVic Properties wants to express its thanks to Dale Gann for the role he has played in helping to build the Vancouver Island Technology Park into the vibrant facility it is today, and for his broader contributions to economic development and the technology sector within the greater Victoria area. We wish him well in his future endeavours.

Glynn Jones, currently controller for UVic Properties, will be responsible for the day to day administration at VITP until the CEO of the real estate portfolio is appointed. A search process for the CEO is currently underway.

The VITP is a vital part of UVic’s future. The university’s commitment to our tenants and to the success of VITP remains undiminished, and we look forward to continuing to work together on our shared goals through the immediate transition period and under the leadership of the new CEO.