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NSW government advised on new $58m campus for the University of Newcastle
Global law firm Herbert Smith Freehills has advised the state government of NSW on the new $58 million campus in Gosford for the University of Newcastle.
Jerome Doraisamy
Firm: Herbert Smith Freehills (NSW government’s Department of Enterprise, Investment and Trade (DEIT)).
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Deal: HSF has advised DEIT in relation to the funding and development of a new multi-faculty academic and innovation campus for the University of Newcastle in the heart of Gosford on the NSW Central Coast.
“The design, development, construction and fit-out of the new campus will include an $18 million investment from the NSW government, a $22 million contribution from the University of Newcastle, and an $18 million investment from the federal government as part of a $1 billion budget funding injection for key technology and innovation precincts across the state,” the firm said in a statement.
Area: Projects
Value: $58 million
Key players: The HSF team was led by partners Nicholas Carney and Julie Couch, who were assisted by senior associates Stuart Robertson and Maxwell Wu and solicitors Cecilia Ngu and Alice Wilk.
Deal significance: Mr Carney said: “It was a pleasure advising the NSW government on a new university campus aimed at raising education and economic outcomes for our cities. The new campus will have a catalytic impact on the Central Coast Education and Employment Precinct.
“We have enjoyed working with DEIT and HCCDC to develop incredible opportunities for young people to work, study and live in the Central Coast.”
