Another step in the process of South East Technological University taking over part of the old Waterford Crystal site has been taken with approval from the Minister for Further and Higher Education to conclude the purchase.
The deal has been in the pipeline for several months, after Minister Simon Harris gave the go-ahead to SETU in March to buy 20.3 acres of the 37-acre site close to the existing main campus on Waterford city's Cork Road, subject to"necessary due diligence requirements"."This is a major moment for the development of the South East Technological University," he said.
According to the Department of Further and Higher Education, the purchase of this site satisfies a number of wider local and regional objectives through the reusing/repurposing of a prominent brownfield site in the city and the investment will allow SETU to cater for future student growth, address the current shortfall in space requirements and allow the Technological University to be a driver of economic and social development in Waterford.
The next move is the development of a"business case" for the development of the site, by SETU with the help of the HEA."SETU is delighted to secure ministerial approval to move swiftly ahead with the purchase of the former Waterford Crystal site and we look forward to signing contracts within the fortnight."
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