Deakin University’s Toorak Campus to be Sold

In a press release issued this week, Professor Sally Walker, vice chancellor of Deakin said that the Toorak campus is surplus to the operational requirements of the university. The proceeds from the sale are expected to fund capital development of Deakin’s major campus in Burwood. Shutting up shop will be the Business School, English Language Institute, and Melbourne Institute of Business and Technology.

The property is on almost 3 hectares of blue chip real estate in Malvern, across the road from the Toorak border. It has frontage to Glenferrie Road and Somers Road. The historic mansion which distinguishes the site was home to various Victorian governors between 1901 and 1931. Included in the sale is four purpose built education buildings with lecture theatres and classrooms built in stages since the 1960s.

Jones Lang LaSalle’s Richard Height, understood to be behind the deal, was unavailable to comment.

Other industry sources say the site will arouse interest from the plentiful prestigious colleges in the area, be it as a junior or senior school campus. Any college best get good advice before making a bid however, with the usual suspect of developers almost certain to throw their hat in the ring as well.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.

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