The information below and the accompanying documents provide an overview of decision-making related to Victoria University’s Karori campus.
Windfall from a mythical $10 campus?
The claim that Victoria University was sold the Karori campus for $10 is a gross misrepresentation of the way the University came to acquire the former campus. It is a myth that has been actively perpetuated by vested interests and the ill-informed.
Karori campus update—12 December 2017
The following is an update on Victoria’s processes for divesting the former Karori campus.
The sales process has been completed and the successful tenderer for the main campus is Ryman Healthcare, which plans to convert the land and buildings into a retirement village with independent and serviced apartments and a care centre.
In coming to its decision, the University assessed tenders received for the site against community outcomes and commercial arrangements.
No offers were received for the campus buildings from public sector organisations.
Ryman Group Development Manager Andrew Mitchell says Ryman is delighted to have secured the site for the retired people of Wellington. “It is an iconic site in the city’s largest suburb and we’re pleased it will continue to be a significant community asset for the city.”
Mr Mitchell says he expects considerable interest from the community in plans for the site and the Ryman team will be consulting widely with local people, community groups, Heritage New Zealand and local Iwi.
This press release Victoria University sells former Karori campus provides further details.