Amity University buys 170-acre campus in New York at $22 million

Amity Group has announced the acquisition of a 170 acre waterfront campus from St. John's University located in Oakdale, Long Island, New York.

The property has 11 buildings. The deal has been pegged at $22 million.

As per St John's representatives, Amity was selected as the buyer because of its strong education background, ability to close quickly, integrity of the group, and the vision to continue the facility as a global teaching and research facility. 

Amity closed the deal and took possession of the campus on September 27, 2016.

St John's University has been permitted to use one of the academic blocks until June 2017 so that they transition their programmes seamlessly. 

The acquisition is the latest expansion by the Amity group, which has more than 125,000 students studying across India as well as international campuses in London, Singapore, Dubai, Mauritius and a number of other countries. 

"The Amity campus in New York will act as a bridge allowing people and institutions to connect and communicate between the US, India and other parts of the world with global campuses of Amity. This includes the large Indian diaspora in the US, which is keen to further its bonds with India. The campus will be a platform for better research collaboration, faculty and student exchange programs as well as innovation and entrepreneurship promotion between institutions in the US and India, at a time when bilateral talks between the countries are intensifying," said Dr. Aseem Chauhan- Chancellor, Amity.

Amity University is one of the only institutions in Asia to have regional accreditation from WASC, the most prestigious accreditation available in the US, indicating that Amity understands and is aligned with quality standards expected by US regulators.