Universities have big budgets but rarely do they land $50 million with no strings attached.
On the margins of the university sector’s annual gathering early this month, one of the questions being asked was how institutions would invest their exceptional windfall gains from the winding up of Education Australia Limited.
While this is normally managed prudently on an annual basis of capital allocations, the extra injection of cash opens up additional opportunities.Some will likely look at investing in consolidating their campuses and operations in Australia. The pandemic, with its significant expansion of online teaching, and the post-pandemic change to working patterns mean that how universities use space has changed radically.
Joint ventures with governments and local institutions are a tried-and-tested model, but there is typically still a need for significant upfront investment to kick-start an offshore campus.
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