All Hallows College in Dublin has instructed an American multinational commercial property company, CBRE, to oversee the sale of its campus or to find partnerships that could enable it continue as an educational facility and cover its financial liabilities.
Offers in the region of €14 million (£11m) are being sought for the 16.5-acre campus. The college has said it would welcome selling to an educational institute which would allow All Hallows to remain on site as a tenant.
This would, the college added, enable All Hallows to maintain a scaled-down mission.
Speaking on RTE Radio, President of the College Fr Patrick McDevitt said: “We have tried different scenarios and now we want to invite partners to utilise the campus.
We are trying to open it up to utilise it better as an education space.”
Last May the 170-year-old college, which was set up by the Vincentian order, said it was closing after operating at an increasing deficit over a number of years. The independent college has never had any capital funding from the Irish Government.
The college hit the headlines when it announced it was selling correspondence between former United States First Lady Jackie Kennedy and a Vincentian priest, Fr Joseph Leonard. But it pulled back from the sale and not long after announced it was closing. The letters have been returned to the Kennedy family.
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