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Carey Baptist Grammar buys Preshil’s Kew campus for $16M to streamline operations, while Preshil consolidates and plans a new campus.
Carey Baptist Grammar has bought Preshil’s Kew campus for $16 million, expanding its facilities and eliminating bus transport between campuses.
The Victorian mansion will house classrooms, with new buildings for Years 5 and 6 and a sports and wellbeing center.
Carey, with over 2,500 students, says the purchase is for efficiency, not enrollment growth.
The Donvale campus will be sold.
Preshil, seeing declining enrollment, will consolidate at its Arlington campus by 2027 and plan a new inner-east campus for Years 9 to 12.
The sale is not due to financial distress, with Preshil calling it an opportunity.
Carey will lease Blackhall until 2027.
Carey Baptist Grammar compra el campus Kew de Preshil por $16M para agilizar las operaciones, mientras Preshil consolida y planea un nuevo campus.