Which is desirable real estate

The university wants to build a community health clinic and a childhood education centre on its Innovation Campus. And to complete the cradle to grave service, it and partner Lendlease also proposes “seniors’ residential living facilities.”

And a nice place for aged accommodation it is too, across the road from the beach and a short walk from the city’s famous “Blue Mile”.

What the university has not got is spare cash. Last month it announced 2020 revenue was down $90m, with a $40m loss (CMM January 21).