Hunter Development Corporation Sale of land to University of Newcastle
We advised on the sale of two hectares of inner Newcastle land held by Hunter Development Corporation to the University of Newcastle for a proposed university campus and student accommodation.
This project is part of the broader revitalisation of the Newcastle CBD area where the NSW Government is investing more than $500 million into a brand new light rail system, the NeW Space campus and new Innovation Hub.
Following the acquisition of this site, the University of Newcastle will be developing a high level master plan, which will consider options including next generation teaching and learning facilities, campus support services, student accommodation and publicly accessible zones for community engagement.
Our team worked from both a real estate and planning perspective to advise on the successful transaction.