The University of Sydney will pour half a billion dollars into a new medical precinct, a record capital investment bringing 1200 researchers and seven science schools together under one roof.
The biomedical facility, to be built next to Royal Prince Alfred Hospital, will form the “centrepiece” of the university’s 10-year strategic plan, which will be unveiled by vice chancellor Mark Scott on Tuesday.
A record $73 million in funding for the facility will come from philanthropic donations. The Susan and Isaac Wakil Foundation is donating $20 million, making it the biggest named donor to the university in its 170-year history.
The Wakils made their fortune in the clothing industry and owned of a slew of buildings across Pyrmont and the central business district until they sold them off in 2014 to fund their foundation.
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