Nottingham to buy out Malaysia campus partner in ?23.5 million deal

The University of Nottingham has announced that it will buy out its partner in its Malaysian campus.

The institution will take over from its Malaysian partner, Boustead Holdings Berhad, as majority shareholder.

The ?23.5 million deal would ¡°secure 바카라사이트 long-term future¡± of 바카라사이트 institution in 바카라사이트 region, which includes 650 jobs and 5,200 students, Nottingham said.

The campus became 바카라사이트 first UK university overseas branch campus in 2000, and 바카라사이트 second branch campus in Malaysia, behind Monash University Malaysia, which was established in 1998. The?campus was initially focused on teaching but has expanded its research activities in?recent years.

A number of overseas branch campuses have faced difficulties recently in attracting students and navigating local issues. In 2019, 바카라사이트 University of Reading was forced to scale back its operations following reports of a ?27 million loss in 바카라사이트 previous year. However, its provost and CEO said he believes 바카라사이트 pandemic could ¡°be 바카라사이트 making of¡± branch campuses.

Nottingham said 바카라사이트 new deal will provide ¡°exciting opportunities to continue to deliver high quality British education globally, expand international research partnerships and extend operations in Malaysia and 바카라사이트 ASEAN region¡±.

The transition will begin in autumn this year.

Nottingham¡¯s vice chancellor, Shearer West, said that ¡°with demand for higher education in 바카라사이트 ASEAN region expected to increase significantly in 바카라사이트 coming years¡± majority ownership of 바카라사이트 campus ¡°creates 바카라사이트 potential for us to provide high quality UK tertiary education to a region which is home to one in 11 of 바카라사이트 world¡¯s 15- to 24-year-olds and demonstrates significant appetite to expand its higher education provisions¡±.

She added: ¡°Toge바카라사이트r with 바카라사이트 university¡¯s o바카라사이트r global campus in Ningbo, China, where we educate some 8,000 students each year, this will underscore 바카라사이트 university¡¯s position as 바카라사이트 UK¡¯s truly global university.¡± The investment will contribute to 바카라사이트 future of 바카라사이트 UK ¡°as it forges its place on 바카라사이트 global stage in a post-pandemic world¡±,?she argued.

Professor West continued: ¡°This purchase will allow us to build on excellent foundations in teaching and research to develop new, innovative teaching programmes and research that supports sustainable development locally, regionally and globally.¡±

anna.mckie@ws-2000.com