Laurentian releases terms for the sale of real estate assets


Laurentian University has created a list of the assets that it could sell to the Government of Ontario to pay its creditors. The non-binding term sheet identifies 68.75 acres of land, as well as five buildings: The East Residence, Vale Living with Lakes Centre and Watershed Building, the Northern Ontario School of Medicine, the Health Sciences Building, and the Security and Maintenance Building. The buildings would be bought by the province and fully or partially leased back to Laurentian or NOSM University. The term sheet puts the university in the position to explore the sale of the assets with the province and negotiate an agreement by November 2025.

CBC | Laurentian