Scotch College in talks to buy Vision Australia HQ in $60m expansion
Scotch College is in advanced negotiations to purchase the Vision Australia headquarters in Kooyong for approximately $60 million. The private school outbid competitors, including St Kevin’s College, to secure the 1.64-hectare site.
Why it matters
This acquisition represents a significant expansion for one of Melbourne's most prestigious private schools and highlights the high value of inner-city institutional real estate.
Save You have reached your maximum number of saved items.
Remove items from your saved list to add more.
Share A A A One of Melbourne’s richest and most prestigious schools, Scotch College, is in exclusive, advanced talks to buy Vision Australia’s sought-after head office in Kooyong for about $60 million.
A source close to the negotiations, but unauthorised to speak publicly, said the private school for boys had outbid two rivals to secure a period of exclusive due diligence to buy the 1.64-hectare site on Glenferrie Road, Kooyong, in Melbourne’s inner south-east.
Scotch College students head home past the Vision Australia head office. Eddie Jim The source said the underbidders to Scotch were its nearby Associated Public Schools of Victoria rival, St Kevin’s College in Toorak, and an unnamed property developer. St Kevin’s is believed to have bid between $53 million and $57 million.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in