Business Services Industry
Degrees of vision for future.
Australasian Business Intelligence, March, 2007
Byline: Mathew Dunckley
Mar 07, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Macquarie University in Sydney is moving into property investment. The aim is to make profits that can be reinvested in academia. The University will set up a property trust to own commercial developments it will build on land that it owns. The land will be developed in conjunction with the private sector. The University will take an equity stake in the developments. Rents paid to the property trust by the tenants will flow back to the University as a dividend. The plan is to have the trust owning assets worth up to $A1 billion by 2017. The revenue will allow the University to focus on excellence in learning and teaching.
Publication Date: 8 March 2007...
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