Tag Archives: LivingSpace Dunedin

University buys LivingSpace Dunedin

LivingSpace Dunedin (former Glendermid building) 1

Received by email.

Monday, 15 April 2013 4:09 p.m.
The workers were told at a meeting today, LivingSpace (the accommodation block in Castle Street, used to be Glendermids) has been sold to the university.

It was the only profitable one of the chain, propping up the lousy Invercargill/Christchurch ones.

The company has been in receivership for quite a while, during which the Dunedin business was steadily busy and AFAIK profitable.

Wtf is the university doing with yet another (no rates I suppose) building? More student accommodation? Landlords will be thrilled.

Could be a challenge to the harbourside accommodation block too.

Cleaning staff have been given the heave-ho.

Posted by Elizabeth Kerr

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Filed under Business, Economics, People, Property, Site, University of Otago