(EDITOR’S NOTE: According to public records, the school purchased the two assets for a total of $26.2 million. The sale closed on February 16, 2016.)
Cushman & Wakefield announced today that 42, a non-profit technology school based in Paris, has launched in the United States. Featuring a space of approximately 200,000 square feet, 42 is located in the Silicon Valley, at Fremont, CA in a building designed to promote an innovative teaching method. In February, the school acquired two properties consisting of a ±100,000 square foot classroom building at 6600 Dumbarton Circle and a ±84,000 square foot dormitory building at 34793 Ardentech Court from DeVry Education Group. Florian Bucher, Xavier Niel, Nicolas Sadirac and Kwame Yamgnane came together to create this non-profit university in Silicon Valley following its success in France. Xavier Niel funded it with $100 million of his personal funds and 42 US will be managed by Brittany Bir and Kwame Yamgnane. Cushman & Wakefield’s Kalil Jenab and Marcus Wood of the firm’s Palo Alto office represented the school in the sale.
“As the tech capital of the world, it is only fitting that Silicon Valley was selected for 42’s first campus in the U.S.,” said Mr. Wood, a Senior Vice President with Cushman & Wakefield. “This deal came together rather quickly as we surveyed various markets in the region, until identifying this great match. We analyzed costs, approval process, timeline and improvements required. This was an excellent value met with a highly cooperative and proactive City of Fremont, which was tremendous in making this campus a reality.”
Open 24/7, the Fremont campus offers the students a friendly environment, with collaborative spaces that are both pleasant and functional. 42 would help the most disadvantaged students with 300 spaces in the dormitories which are completely free of cost. 42 is working with the City of Fremont to increase this capacity to 600. The most modern equipment will be at the students’ disposal.
The 42 teaching method is innovative in many ways. It represents a new step in the implementation of the principles of “open” education successfully developed over 20 years in France. 42 goes further, in fact, by developing a system of self-education: Peer 2 Peer learning. This is a type of participatory learning that allows students to unleash their creativity through project-based learning. Since its creation in France in 2013, 42 has received more than 200,000 applications and welcomes today 2,500 students. According to the school, “42 is the most daring response yet to the challenge of information technology skill development, as well as a source of innovation for the future. 42 will grow to 10,000 students within the next 5 years. This will allow for the training of IT talents in large numbers.”
42’s mission is to undercover the talents of their generation in the field of programming and to do so on a broad scale. Students are selected neither on the basis of financial ability nor educational degree, but solely on the basis of their talent and motivation. By employing this new educational approach, 42 applies neither the academic nor the financial criteria that prevent too many of today’s young people from achieving success. In this non-profit organization, no registration and tuition fees will be required before, during or even after attending 42.