While a significant fraction of the sector’s CFOs struggle to work out how to cover wages, Edith Cowan University has demonstrated it is clearly doing okay with the finances, using some spare change to snap up another building in Perth’s CBD yesterday.
Kings Square 3 is a 9 story building in a location where they have clearly run a little short of street names, at 10 Telethon Avenue, with a sprawling 9,500 square metre complex offering several vacant floors which can swiftly be deployed as teaching space, as well as a range of tenants, in particular an award-winning pub, Market Grounds, sure to be popular with thirsty staff and/or students.
Kings Square 3 is a 9 story building in a location where they have clearly run a little short of street names, at 10 Telethon Avenue. It's a sprawling 9,500 square metre complex offering several vacant floors which can swiftly be deployed as teaching space, as well as a range of tenants, in particular an award-winning pub, Market Grounds, sure to be popular with thirsty staff and/or students.
VC Professor Clare Pollock said in a press release that the new building was just 150 metres from ECU’s shiny new city campus. The latter appears to have insulated the institution from merger considerations, as the WA government weighs up which of the State’s other institutions should be combined, if any.
While further details on the sale were not forthcoming by deadline last night, the buy was last night reported to be worth $72m, which is a fair old sum to pull out of the sock drawer, even in the West, and will do little to persuade the public that the sector needs more funds to educate the masses. In terms of growing the ECU property portfolio, however, it sounds like a spiffing acquisition.