Construction of the shared facility, which is set to become the largest Agricultural research facility in the Southern Hemisphere, started recently.
It will have a mix of labs and working spaces to ensure collaboration between research teams.
After concerns about the university's financial stability at the beginning of the year a plan for its future was put before the Government, which backed it with $85 million.
The new buildings will house about 700 researchers and students, who will work in a shared research environment.