Commercial and residential property news
LEND LEASE today announced a $122.5 million contract to expand and refurbish the University of New South Wales Wallace Wurth building.
The 10,000 square metre expansion is due for completion in March 2014.
Lend Lease released a statement about the contract, copied below.
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THE levels of waste being uncovered as part of the Rudd government’s Building the Education Revolution are continuing to come to light with a report in The Australian showing school canteens built by the Catholic school system under the controversial $16.2 billion program, are up to five times cheaper than those delivered by the government.
Geraldton’s St Lawrence Primary School at Bluff Point has developed a 10m x 7.5 m canteen for $4043 per square metre.
By comparison, the governments “unusable” small NSW canteens, measuring 8.47m x 3.1 m, costs $23,000 per square metre.
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THE SYDNEY University of Technology has approved a $427 million redevelopment of its inner-city campus, which will see the addition
Read moreMELBOURNE’s next unique office – which will in this case be configured as a laboratory and classrooms – starts construction in Bundoora this month.
La Trobe University’s $93 million La Trobe Institute of Molecular Science (LIMS) project will rise six levels from Science Road, at its Bundoora campus, about 17 kilometres north of town.
The biotechnology and nanotechnology education facility is due for completion late next year.
Read moreSCOTCH College has been bolstering its property portfolio in Hawthorn’s exclusive Scotch Hill pocket, recently snapping up two prestigious homes near its stately Morrison Street entrance.
Read moreRMIT University is believed to have paid about $7.25 million for two office buildings on Victoria Street and a development site in Cardigan Street, close to the Carlton and United Brewery site it sold to developers last year.
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LA Trobe University has offloaded its asbestos-riddelled Argus newspaper building for $15 million, after spending $34 million trying to get a project off the ground.
Education entrepreneur Shesh Gale, owner of the Melbourne Institute of Technology operation which targets international and domestic students, plans to redevelop the 84-year old building into a teaching facility.
The Australian reports Mr Ghale will spend about $50 million on the renovation, which should be completed by the end of 2011.
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CELEBRITIES Kate Ceberano and Gina Riley have opposed the development of a new Jewish School, on the former Regent Lodge site, in Elsternwick.
An application has been received by the Glen Eira Council to develop the 2,989 square metre site at 46 Regent Street into a three-level school, capable of accommodating 325 students.
Kate Ceberano, and Ms Riley’s husband, Rick McKenna told the Herald Sun traffic caused by the added school would cause chaos around the small suburban street.
Read moreExecutives at the University of Melbourne – one of Melbourne’s biggest owner occupiers of office space – are building the college quite the enviable property portfolio.
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