We are writing today to provide an update on the Elements school site sale.
In April, ID_Land commenced an expression of interest (EOI) campaign, with the aim of securing an education provider to build a school on the site. ID_Land has since received applications from providers that have expressed initial interest.. The interested parties now require additional time to complete such things as further due diligence, market research and obtain relevant board approvals (if applicable), before they are able to decide whether they proceed with a formal offer, as is standard practice in EOI campaigns.
As such, these operators now have until July to undertake this process..
We are expecting to make a further announcement in Q3 this year, once these processes are complete.
ID_Land’s intention is to still deliver a school site at Elements, and we are hopeful that the site will fit the requirements of one of the interested parties. We will continue to keep you updated via the Elements website, emails and Facebook page.