UWA is one of the largest landowners in Perth, though government grants and private gifts. Recent developments include the $22 million University Club, opened in June 2005, the UWA Watersports Complex, opened in August 2005, the $64 million Molecular and Chemical Sciences building opened in September 2005 and a $30 million Business School building opened in May 2009. A new $360 million medical research facility is due to begin in early 2009 and be completed by the end of 2011.