91传媒

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 91传媒鈥檚 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鈥檚, and Harlow Campus in the U.K.   

This announcement is part of the measures we are taking to evolve 91传媒 into a more student focused, research intensive and financially resilient university.  

By reducing investment in non-core assets, 91传媒 will further protect academic delivery, better maintain its infrastructure, and ensure it remain well-positioned to support 91传媒鈥檚 current and future learners. 

In addition, the 2025 Auditor General鈥檚 Report on facilities found that 91传媒鈥檚 building footprint has led to costly under-utilization of infrastructure and growing maintenance liabilities. Divesting of buildings and moving units into St. John鈥檚 Campus is responsive to that finding.   

The divestment will save an estimated $3M in 91传媒s鈥� 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