YooBee opens new Auckland campus

NZX-listed technology educator and retailer Renaissance, which trades as YooBee, has opened a new $750,000 campus in Auckland on the back of a 15 per cent rise in student numbers and what it says is growing demand for its digital design courses.

It has also launched an online learning programme, in-part targeting international students, saying the global popularity of online learning was rising, with 90 per cent of the British Open University's 263,000 students now resident outside of the UK.

YooBee said its new Auckland facility contained a 3D graphics suite, a green screen room for video and gaming post-production special effects, a fully equipped sound studio and exhibition space.

"We were bursting at the seams in our old space on Symonds Road, having experienced a steady growth in enrolments over the years," education manager Ruth Cooper said.

YooBee's design schools were previously known as Natcoll.

YooBee signed an agreement with New Zealand's Open Polytechnic which will mean its design school diploma graduates will be able to qualify for a Bachelor of Applied Science degree from the polytechnic with one year of further study.

Renaissance announced in March that its loss-making YooBee retail stores were performing worse than expected and earnings from its education business were 10 per cent shy of its budget forecast. Renaissance shares last traded at 20 cents, valuing the company at $8.7 million.

BusinessDay.co.nz