Australian Catholic University is expanding its higher education and research reach in North Sydney with the strategic purchase of 33 Berry Street.
Colliers International's Henry Burke and Jon Chomley have facilitated the sale of a 13-storey office building located at the corner of Pacific Highway and Berry Street for an undisclosed sum.
The purchase of the building will allow the ACU TO reduce the cost of leasing space in the local area as it meets demand from its growing student population, which has seen a 53 per cent increase in student numbers at ACU's North Sydney Campus over the past three years. Staff numbers have also increased by 35 per cent in the same period.
"ACU's expansion reflected the University's overall strategic plan for sustainable growth and the purchase consolidated its place as part of North Sydney's thriving education precinct," ACU Chief Operating Officer, Stephen Waller, said.