Sydney Catholic Schools came to FACTION with a problem: they needed a Secondary Campus for their St Mary Cathedral College in Sydney, which was outgrowing its current buildings. Rather than a straight-out acquisition, FACTION’s transaction advisory service helped them secure 52-58 William Street as a new vertical campus – and allowed them to progressively refit and occupy the building as existing commercial leases fell due.

This reduced the overall project cost for Sydney Catholic Schools and permitted a staged approach to meeting the fit-out compliances required for a school occupying a commercial office building. The scope creates a discrete hybrid between commercial and school use as a satellite campus for specialised learning. The accommodation is two sub-ground levels, the ground level tenancy and level 1, containing school programming to supplement the existing St Mary's Cathedral College curriculum. The ground-level lobby entry, cafe, and levels 2-6 will be retained as commercial tenancy.

As education needs to grow and secondary-grade CBD office buildings search for new relevance, FACTION expects this will be the first of many such conversions across Australian CBDs.

Client

Sydney Catholic Schools

Services

Technical Due Diligence
Transaction Advisory
Project Management