Ruskin College has sold its land in central Oxford to Exeter College, in a deal which includes improved links between the two colleges.

Exeter paid £12 million for the additional site in Walton Street. The deal includes a programme of joint academic, cultural and social activities between Exeter and Ruskin.

Ruskin sold the Jericho site in order to fund a £20 million redevelopment at its main campus in Headington. The plans include a new library and two accommodation buildings which will house 50 extra students.

Frances Cairncross has said that the new site will be Exeter’s “third quadrangle.”

Audrey Mullender, Principal of Ruskin College, commented, “[The deal] opens a fruitful new chapter in our century-long relationship with the University of Oxford.”

The final contracts were signed in 9th week of Hilary term.