Real estate divestment data
On Jan. 28, the Board of Regents approved recommendations to begin the process of divesting real estate that is not central to 91ÑÇÉ«™s academic mission. The real estate impacted by this decision includes Signal Hill Campus, the Johnson Geo Centre, the Ingstad building on Elizabeth Street in St. John™s, and Harlow Campus in the U.K.
This announcement is part of the measures we are taking to evolve 91ÑÇÉ« into a more student focused, research intensive and financially resilient university.
By reducing investment in non-core assets, 91ÑÇÉ« will further protect academic delivery, better maintain its infrastructure, and ensure it remain well-positioned to support 91ÑÇÉ«™s current and future learners.
In addition, the 2025 Auditor General™s Report on facilities found that 91ÑÇÉ«™s building footprint has led to costly under-utilization of infrastructure and growing maintenance liabilities. Divesting of buildings and moving units into St. John™s Campus is responsive to that finding.
The divestment will save an estimated $3M in 91ÑÇÉ«s™ annual operating expenses as well as a reduction in deferred maintenance liability.
|
Building |
Square footage |
Annual savings from closure (Total:$3M) |
|
Harlow Campus |
18,175 |
$1M |
|
Ingstad building |
12,925 |
$150K |
|
Signal Hill Campus |
94,126 |
$1.259M |
|
Johnson Geo Centre |
33,500 |
$672K |