At Western Sydney University in Parramatta, Charter Hall is forging an exciting asset class that delivers the very best in flexible, well located educational space for universities plus their choice of real estate equity.
The first completed education project that Charter Hall completed, in 2016, was 1PSQ, Western Sydney University’s new vertical city campus at Parramatta, Sydney’s fast growing “second CBD” for its law and business schools.
Around the corner, at 6 Hassall Street, Charter Hall and WSU have again partnered in a joint venture to deliver another city campus for WSU that will mark a unique collaboration between its engineering school, the engineering school of the University of New South Wales, as well as WSU’s school of architecture. Construction is well underway and due for completion in 2021.
WSU vice chancellor Barney Glover said this new hub is well placed to “harness emerging technologies and opportunities at scale to deliver a highly progressive, industry-engaged engineering course in Australia’s fastest growing region.”
Together these two buildings are worth around $600 million.
In another deal with WSU, Charter Hall is codeveloping a mixed use precinct for education, offices and retail at nearby Westmead, with an end value of about $350 million. Read the full story here.