La Trobe University has selected a preferred Master Development Partner to help deliver its $5 billion University City of the Future Plan.
Public infrastructure investor, developer and manager, Plenary, was chosen for the role and will bring its expertise, knowledge and investment to help realise the plan.
The University City of the Future reimagines the campus experience and includes a dynamic Research and Innovation Precinct, sporting and sports research facilities, a major health and wellbeing hub and new commercial, retail and residential developments.
La Trobe University Vice-Chancellor Professor John Dewar AO said Plenary has extensive experience in leading large-scale, complex projects and also shares the University’s cultural values.
“Plenary is a highly reputable global company that is aligned with the University on environmental sustainability, and providing long-term social and economic benefit to communities,” Dewar said.
“We’re excited to be partnering with the Plenary team to accelerate this ambitious plan, bringing innumerable benefits to our staff and students, as well as industry, partners and the wider community.”
La Trobe Director Property and Economic Development, Mary Lacson, said the partnership will enable the University to deliver a truly innovative project that will revolutionise how Universities deliver education and research, while building a stronger, more resilient society.
“Our main goal is to develop a multi-purpose, sustainable and mixed-use community – and position La Trobe as a pioneering and transformative University, and the partner of choice for industry and academia,” Lacson said.
Plenary Chief Executive David Lamming said Plenary is thrilled to be partnering with the University on this iconic project.
“This project will redefine how university precincts in Australia and abroad are designed, developed and delivered,” Lamming said.
“It will help to cement La Trobe as a global University of choice for students and staff, increase engagement with government, industry and the community, and showcase it as a sustainability exemplar.
“Our experience in the formation of long-term partnerships to deliver complex projects here and overseas make us ideally placed to perform the role of development partner, and we look forward to delivering on the exciting vision for the University City of the Future,” Lamming said.