Importance surrounding new university's historic record (8)

I believe the answer is:

monument

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'historic record' is the definition.
'monument' can be an answer for 'record' (thesaurus). I am unsure of the 'historic' bit.

'importance surrounding new university's' is the wordplay.
'importance' becomes 'moment' (moment is a kind of importance).
'surrounding' indicates putting letters inside.
'new' becomes 'n' (common abbreviation eg NT for New Testament).
'university' becomes 'U' (abbreviation for university).
'n'+'u'='nu'
'moment' placed around 'nu' is 'MONUMENT'.

Can you help me to learn more?

(Other definitions for monument that I've seen before include "Memorial structure" , "Could be column" , "Commemorative statue, building etc." , "Commemorative structure" , "Lasting record" .)

I've seen this clue in The Independent.

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