50% of Massey University property to be sold or leased, says vice chancellor

In staff forums last week, Massey University vice chancellor Jan Thomas said she wants to downsize the university space by half, despite only having around 25% of free space. 

“Yes, land is an investment but at the moment we need to leverage that asset to get us through this particularly challenging time.” 

The university is under financial pressure with a budget deficit of around $40 million for 2023. 

She said the university owns a diverse range of space, some of which will be examined to see if it can be divested.  

Late last year, the university sent out a proposal request for realty partners to assist in selling and leasing over $150 million worth of property from all three campuses. However, the document did not list 50% of Massey property.  

“I want to make sure that Massey is really strong and successful so that in 50 years' time, 100 years' time, we’re still able to provide education for New Zealanders''. 

Vice chancellor Jan Thomas was appointed in 2017 and her term ends in 2027. Photo / Massey University

Thomas said space was underutilised due to a drop in student numbers and staff working from home. 

Since 2023, Massey University has cut 280 staff — the single largest layoff in New Zealand university history.   

“I cannot ever rule out that we won't engage in some staff reduction.” 

The Government cut five major universities’ funding by $53 million last year due to a drop in student numbers, especially international students.  

Thomas said she had lobbied for more funding from the Government.  

“They are very clear on the financial challenges that the universities in New Zealand face.” 

“The constant decline in government funding for universities is really impacting our capacity to do what I know New Zealanders expect us to do.”