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All Hallows College seeks partner
17 Sep 2014 07:07
All Hallows College in Dublin has announced its intention to seek partners or the sale of the campus in Drumcondra, Dublin.
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Last May the 170-year-old college, which had been operating at an increasing deficit over many years said it would close.
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About 20 staff from the current total of 72 are to lose their jobs under a redundancy programme.
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All Hallows College was founded in 1842 by Fr John Hand, as a institution to train priests for foreign missions.
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Earlier this year the college was at the centre of a controversy when it offered for auction a set of letters written by Jackie Kennedy, the wife of the former US president John F Kennedy, to an Irish priest Fr Joseph Leonard between 1950-1964.
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The college had hoped to auction the letters but withdrew them from sale after a request from the Kennedy family.
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Today the college said it is seeking a partner or the sale of the campus at Gracepark Road.
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It is understood the board of trustees is not looking for a quick sale for cash, as it wants its 260 remaining students to see out their academic studies.
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It wants either a partner, which would take account of the needs of its students, or the sale of assets so that students could be moved to another institution.
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The campus is estimated to be worth around €10m.
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