View guides

Aberystwyth University Cost-Saving Initiative sees Property Portfolio go up for Sale

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

A portfolio of eighteen properties owned by Aberystwyth University has been put on the market for sale, following the revelation from news outlet Cambrian News that the properties had been empty for a combined 100 years.

The news comes soon after an announcement that further job losses are on the horizon at the University, adding to the 40 already shed as part of an £11.4 million cost-saving initiative by new vice-chancellor Elizabeth Treasure to address "serious financial problems".

The five departments to be most impacted by the redundancy measures are Theatre, TV and Film Studies; Education; IBERS; Information Services; and Planning.

Two of the properties up for sale, Cwrt Villa in Penrhyncoch and Ynys Werdd in Lluest are already advertised on the market, initially for a combined guide price of £345,000.

The University has seen its rankings improve in the 2018 Complete University Guide league table, coming in 68th position versus positions of 86th and 87th over the last three years. The move takes the university back below pre-2014 levels.