Auckland University has made just under a million dollars profit after selling the multi-million dollar Parnell mansion it controversially bought for their vice-chancellor to live in, Stuff reports. The university bought the home for then-incoming vice-chancellor Dawn Freshwater, for just over $5 million in 2019, but the house was sold in March following a controversy. The Real Estate Institute of New Zealand confirmed the house sold for $5,905,000 – well up on the $5,062,000 for which the house was originally bought in 2019. The profits from the sale will be used to help reduce the financial hit the university took from the pandemic, according to the University’s spokesperson.
Recent Comments