Scottish university sells New York campus to business school

A Scottish university has shed a New York branch campus which was branded a “white elephant” by selling it to a Spanish business school.

Glasgow Caledonian University (GCU) opened the SoHo outpost in 2014 but it struggled to recruit students and was unable to award degrees until 2017. The University and College Union claimed in 2022 that the campus had graduated only 100 students at that point, listing it as an example of a “vanity project” which took funding away from attempts to improve staff pay and reduce casualisation.

Last year GCU said that the campus had “not reached its potential” and that it would seek to sell it. By then the outpost had reportedly received £26.5 million in loans and grants from the university, with Labour MSP Jackie Baillie condemning the “ignominious end” for the “white elephant”.

On 31 July IE University, a private Madrid-based institution specialising in areas such as business and law, said that it had “replaced” GCU as the “sole member” of the college. It said that the campus would be renamed IE New York College, pending accreditor approval.

While the college will continue to offer postgraduate programmes, including a master’s in business for social impact and sustainability, IE said that a key benefit to the deal would be opportunities for Madrid-based students to spend periods of time studying in New York.

Diego del Alcázar, IE’s chief executive, said that the deal represented “a unique opportunity which brings with it an injection of energy and also an enormous responsibility”.

“As IENYC, we will benefit from IE University’s global network, collaboration with the United Nations, and research for the improvement of the human condition. We are eager to begin this work and expand our impact,” added Jacqueline LeBlanc, vice-president and provost of the GCU campus.

chris.havergal@timeshighereducation.com