The university announces it will sell the Prahran Campus to the Victorian Government but for how much?
As part of the agreement, “a significant share of the proceeds will be reinvested in capital infrastructure and programmes to strengthen vocational education and training in Victoria,” the university states.
So how much is significant and what is the sale price? CMM asked.
A university representative responded that VET gets 45 per cent, but as to of how much, “details of the sale cannot be disclosed due to commercial in confidence arrangements.”