At the time of the purchase officials claimed it would be a “long-term investment” but it is now believed the property is being sold due to increasing financial pressures.
Strathclyde University has put its £380,000-a-year principal’s official residence up for sale amid rumours of financial crisis.
At the time of the purchase officials claimed it would be a “long-term investment” but it is now believed the property is being sold due to increasing financial pressures, reports the Sunday Mail. READ MORE: Glasgow street cordoned off as 'hazardous substance' recovered and man charged A source said: “The principal’s townhouse now looks like an extravagant purchase which can no longer be justified. It’s a beautiful property and eye-watering sums were spent on furnishings and renovation at the time.
“Many Scottish young people are also realising going to university is often likely to result in a huge amount of debt and worse job prospects than other options such as apprenticeships and vocational college courses. The PwC report was a wake-up call and it is very likely that there will be mergers in coming years to avoid closures.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Classic graduation dresses ideal for summer ceremonies at Glasgow universitiesEight graduation dresses that blend style with practicality - perfect for summer ceremonies at Glasgow, Strathclyde and Glasgow Caledonian University.
Read more »
Glasgow death notices from the Glasgow TimesThe Glasgow Times has published 5 death notices this week.
Read more »
University of Glasgow launches 'Robert Burns & Freemasonry' PhD scholarshipThe PhD scholarship is funded by Scottish Freemasons and offered at the University of Glasgow.
Read more »
Hundreds of Glasgow school pupils 'graduate' from university schemeAround 600 Primary 7 students from 15 different Glasgow schools have recently participated in a unique educational initiative led by the University…
Read more »
Death of patient at Glasgow's Queen Elizabeth University Hospital probed by policeInvestigators were alerted to the death of a 74-year-old man on May 5, two days after his passing. Officers are now trying the establish the circumstances surrounding the death.
Read more »
How genius Glasgow University scientist shaped modern worldWilliam Thomson, better known as Lord Kelvin, is being celebrated 200 years after his birth for his series of significant breakthroughs.
Read more »