ADELAIDE INVESTMENT PROSPECTUS

Adelaide. Designed for Life. ACKNOWLEDGEMENT OF COUNTRY

The acknowledges people of the Adelaide plains as the traditional custodians of the land on which this publication was created.

CONTENTS

WELCOME TO ADELAIDE...... 3

ADELAIDE: A TRULY COMPETITIVE CITY...... 4

BUILDING A PROSPEROUS FUTURE...... 8

TEN GIGABIT ADELAIDE...... 10

OUR ECONOMY AT A GLANCE...... 14

ARTS, CULTURE & ENTERTAINMENT...... 16

THE NEXT GENERATION ECONOMY...... 18

CASE STUDIES...... 22

MAJOR DEVELOPMENTS...... 24

YOUR INVESTMENT IS OUR BUSINESS...... 26

CITY MAP...... 28

START YOUR INVESTMENT JOURNEY TODAY...... 29

City of Adelaide 1 WELCOME TO ADELAIDE

In 1837, Colonel , the first our innovative approaches to prosperity In addition, Adelaide’s surrounding Park Surveyor General of Adelaide, produced and wellbeing.1 Lands and picturesque squares provide plans that would be fundamental to the lungs and recreation spaces for our the new city of Adelaide’s prosperity Adelaide today is home to many exciting community. The Park Lands also give and growth. Today, Adelaide is fulfilling growth sectors and is increasingly Adelaide an enormous head-start in his vision. It is a cosmopolitan city becoming a preferred destination for our ambition to become carbon neutral with experience at its heart. The City businesses, students, residents and while supporting our reputation as a of Adelaide is ’s active visitors. city that is designed for life. central hub of commercial enterprise. It is enveloped by green spaces, is Council is unwaveringly committed to The City of Adelaide welcomes you on committed to creativity and innovation, giving businesses what they need to our path to growth and we look forward and offers a highly enviable lifestyle. build a prosperous future in our city to working with you to realise your through strategic investments that investment vision. Through our pursuit of excellence in attract private enterprise and ventures, commerce and culture, the people more visitors, grows the residential of Adelaide have cultivated a vibrant population, and creates jobs. city landscape rich in experiences for residents, workers and visitors alike. Our Ten Gigabit Adelaide project is an Building on our successes, Adelaide Australian first, providing unparalleled offers a unique and desirable lifestyle - access to low-cost high-speed data a claim proven by our continued status networks and will become the backbone SANDY VERSCHOOR as one of the world’s top ten most for the city’s growth and prosperity. Lord Mayor of Adelaide liveable cities - and thrives because of

Scan the QR code to discover Adelaide

2 ADELAIDE INVESTMENT PROSPECTUS Ebenezer Place 1 The Global Liveability Index 2019, The Economist Intelligence Unit [2019] 3 as

ADELAIDE: A TRULY COMPETITIVE CITY

Global services company KPMG has named Adelaide as Australia’s most competitive city to do business.2 Our city has constantly offered investors a stable and low-risk investment opportunity in one of the world’s most liveable cities. Today, Adelaide is leading the way in capitalising on future industries and technologies within a rapidly changing global economy. The city welcomes like-minded companies focused on using innovation to support growth. We are well and truly open for business.

Top 7 Global Intelligent Communities of 2020 INNOVATION SUSTAINABILITY

Adelaide is pursuing all available Adelaide has long been a leader on opportunities to become one of climate change action. In 2015, the AUD$19.45b value of the the world’s smartest cities. We are City of Adelaide and State Government City of Adelaide economy* embedding 21st century digital established Carbon Neutral Adelaide (18% of South Australia’s GSP) technology into our city’s functions, to formalise they city’s aspiration services and infrastructure to drive of becoming one of the world’s first

economic growth and generate new carbon neutral cities. The Carbon 1.35m people living in Adelaide metro standards in the way people live, learn, Neutral Adelaide Partners are a broad (+16% forecast by 2041)** work and do business. and active leadership community of over 175 organisations who are This includes the Australian-first Ten innovating, advocating, collaborating #1 for employee retention rates Gigabit Adelaide fibre optic network, and commercialising Adelaide’s among Australian capital cities smart parking technology and smart transition to a low carbon economy. lighting infrastructure, as well as automated waste bins and a network Our recycling, renewable energy 60% of sensors that will help us manage initiatives and water efficiency more affordable office spaces compared to Sydney energy consumption, carbon emissions standards have led the nation and, in and people movement. some cases, the world. In 2017-18, more than 51 per cent of South Australia’s Adelaide’s potential as a smart electricity was generated from Lowest and connected city was recognised renewable sources4 and is expected to residential when global technology giant Cisco rapidly rise to 80 per cent in 2020. property prices nominated Adelaide as its first among Australian ‘Lighthouse City’ in the southern The City of Adelaide is part of the mainland capitals hemisphere. Furthermore, Adelaide United Nations Paris Conference of * National Institute of Economic and has recently been named among the Parties (COP21) Compact of Mayors, Industry Research (NIEIR) [2018] world’s top 7 Intelligent Communities which strives to limit global warming to ** Population projections for South Australia 2016–2041, Australian by New York-based international think- less than 2°C by the mid-21st century. Bureau of Statistics,South Australian tank, the Intelligent Community Forum Government [2019] (ICF).3

4 ADELAIDE INVESTMENT PROSPECTUS 2 Competitive Alternatives, KPMG [2016] Adelaide Oval. Image credit: Colin Page 5 3 ICF Names the Global Top 7 Intelligent Communities of 2020, Intelligent Community Forum (ICF) [2020] 4 Australian Energy Statistics, Department of the Environment and Energy [2019] LIFESTYLE CREATIVE

Adelaide is consistently rated as one of Adelaide is the first and only UNESCO the top ten most liveable cities in the City of Music in Australia. The accolade world by the Economist Intelligence recognises the quality and range of our 315,469 Unit. Designed with our citizen’s music culture on a global scale. Our average daily visitors* wellbeing and quality of life in mind. thriving live music scene showcases This philosophy continues today as we performances ranging from intimate 115,250 create a place where people aspire to shows at local establishments to opera employed in the city* live, work and play. and orchestras.

The quality of our health system and More than 400 internationally 24,794 city residents (+2.7% YOY)** schools ensure both bodies and minds recognised arts and sports events are nurtured. Safe streets, stunning are staged in the city alone each Park Lands and a Mediterranean year, including the Adelaide Festival, 21 minutes shortest average work- climate contribute to an environment Adelaide Fringe, WOMADelaide, commute time on the that appeals to residents, students Superloop Adelaide 500 and the Santos mainland and visitors. Residents enjoy an Tour Down Under. unprecedented level of accessibility, 10 minutes with work, study and adventure all Situated along North Terrace, commute from CBD to within short walking distance. Adelaide’s cultural boulevard, the Adelaide International Airport is one of

Adelaide boasts a vibrant and diverse the most visited museums in Australia * Annual Report 2017-18, City of Adelaide culinary landscape. Award-winning while the Art Gallery of South Australia [2018] dining establishments prosper welcomed a record breaking one ** Regional Population Growth, Australia, 2017-18, Australian Bureau of Statistics alongside boutique cafés and more million visitors in 2019. [2018] than 70 small bars in entertainment precincts and activated laneways. For fresh gourmet produce, there is no Scan the QR code to learn equal to the iconic Adelaide Central why Adelaide is the best Market. place for your business

6 ADELAIDE INVESTMENT PROSPECTUS NOLA. Image credit: South Australian Tourism Commission 7 BUILDING A PROSPEROUS FUTURE

In the central business district and across greater Adelaide, new and proposed infrastructure is addressing the needs of a globally connected city.

11. The city of Adelaide has undergone a On the western end of North Terrace 12. period of unprecedented development lies Adelaide’s AUD$3.8 billion BioMed 10. in recent years, led by several major City, one of the largest life-sciences AUD$3.6b 9. private and public capital projects, clusters in the Southern Hemisphere. existing and planned developments in the CBD infrastructure upgrades and improved BioMed City comprises the spectacular Infrastructure 8. public transport services. The Adelaide South Australian Health and Medical Festival Plaza, Adelaide Oval, Adelaide Research Institute (SAHMRI) building,

Casino and Adelaide Convention Centre the world-class AUD$330m Adelaide Casino expansion are part of a renewed Riverbank sports and two university campuses aligned and recreation precinct, attracting with global health, research and

millions of visitors each year. training needs. AUD$610m 6. Adelaide Festival Plaza 1. redevelopment At the northern end of North Terrace is The health and medical research 5. Lot Fourteen, Australia’s first creation precinct will soon welcome the 2. AUD$3.8b 4. and innovation neighbourhood Australian Bragg Centre for Proton Adelaide BioMed City; one HERITAGE REFURBISHMENT which will span across seven- Therapy and Research located in a of the largest health and 1. Eleanor Harrald Building —Australian Cyber hectares. As a new focal point for the purpose built AUD$300 million research life sciences clusters in the Southern Hemisphere Collaboration Centre digital industry and the catalyst for facility. 2. Margaret Graham Building — significant employment and economic Defence and Space Landing Pad 3. Australian Institute for benefits for the state, the site will Adelaide Airport has commenced a AUD$165m Adelaide International Airport Machine Learning be the springboard for creation and AUD$165 million expansion to its main 4. Allied Health Building — expansion Stone & Chalk Startup Hub 7. innovation, establishing Adelaide as the terminal, to be completed by 2021. The MIT bigdata Living Lab 3. destination of choice for progressive expansion will significantly improve 5. McEwin Building —

companies. This is underpinned by the the arrivals and departures experience AUD$551m , Adelaide City Deal to boost Mission Control Centre, AUD$551 million Adelaide City Deal and for international passengers and is economic growth, tourism and Australian Space Discovery Centre, anchor institutions such as the new expected to attract more international innovation. and SmartSat CRC 6. Bice Building Australian Space Agency, SmartSAT carriers to the city. 7. Sheridan Kiosk CRC, Australian Institute of Machine AUD$1.92b Learning and the Massachusetts revenue raised by international NEW DEVELOPMENT Institute of Technology (MIT) as education 2018–19 8. Aboriginal Art and Cultures Centre (+17% YOY)* 9. Entrepreneur and Innovation Centre it’s fourth global location for it’s & Innovation Hub 10. Development opportunity prestigious Living Lab which will call * International Trade in Goods and 11. Development opportunity Lot Fourteen home. Services, Australia, Australian Bureau of Statistics [2019] 12. Development opportunity v 8 ADELAIDE INVESTMENT PROSPECTUS Lot Fourteen, North Terrace, Adelaide, Australia. Site vision January 2020 9 TEN GIGABIT ADELAIDE AUSTRALIA’S CONNECTED CITY

Adelaide’s scale, size and layout gives us a valuable edge when it comes to smart city initiatives such as the revolutionary Ten Gigabit Adelaide network.

Adelaide’s scale, size and layout Our smart city agenda and the “The Ten Gigabit Adelaide enhances the agile implementation Ten Gigabit Adelaide network are service was a standout choice of smart city initiatives such as the unleashing a wide range of possibilities in terms of speed, reliability revolutionary Ten Gigabit Adelaide for high growth, data-reliant businesses network. and organisations. Backed by a positive and cost. When we tested, it economic environment, the cutting- ran 18 times faster than our Ten Gigabit Adelaide is an Australian edge infrastructure is positioning previous connection which first. This transformational project Adelaide and our businesses for is extraordinary.” allows city-based businesses to connect accelerated growth globally. Sean Bates, ICT Business Manager to a dedicated fibre-optic network and My Plan Manager access a range of cloud-based services Ten Gigabit Adelaide complements at phenomenal 10Gbps symmetrical the Adelaide Free WiFi network and data speeds that bypass traditional the State Government’s GigCity “Ten Gigabit Adelaide internet connections, with exclusive initiative, providing internet with provides us with scalability, access and connectivity to other city- 1Gbps download and upload speeds for flexibility and it gives us based businesses. startups, entrepreneurs and businesses certain confidence to go in dedicated innovation precincts. forward and create business We have partnered with TPG Telecom These initiatives are further supported networks knowing that we and are rolling out the Ten Gigabit by the Federal Government’s National have a reliable data network Adelaide infrastructure to 1,000 Broadband Network rollout, providing commercial buildings across the CBD highspeed broadband to every home behind us.” and North Adelaide. When complete and business in Australia. James McPherson, Director in 2020, it will provide up to 3,500 Meertens Chartered Accountants businesses with a strong competitive advantage to attract and generate investment, reinforcing our reputation as a business-focused, connected and entrepreneurial city. Scan the QR code to hear from Adelaide businesses who have made the switch to Ten Gigabit Adelaide

Scan the QR code to learn more about Ten Gigabit Adelaide

10 ADELAIDE INVESTMENT PROSPECTUS 1311 SPEED AND COST COMPARISON TODAY TEN GIGABIT ADELAIDE SERVICES

As more businesses become connected to Ten Gigabit Adelaide, the city will lead Businesses that connect to the Ten • Secure corporate network links Each service in the Ten Gigabit the way as one of the fastest and most affordable connected cities in the world. Gigabit Adelaide network will be able – enabling remote connection of Adelaide suite has its own, dedicated to choose from the latest and proven office communication systems, and uncontested connection, meaning BENEFITS FOR BUSINESS business data capabilities, applications, locally and beyond businesses can access via a clean, services and tools from multiple retail super-fast, low-latency connection. • Voice and video communication • Symmetrical 10Gbps data speeds, • Greater ability to attract and • Increases global competitiveness providers. Services will include: systems providing improved productivity and retain talent by quickly and securely exporting operational efficiencies services to the world • Business-to-business connectivity • High-speed and direct connection • A distinct competitive edge over – businesses connected to the • Exclusive access to a community businesses that are not connected to • Makes connected buildings more to the internet/ISP services network will be able to transmit of other city-based businesses and the network attractive to tenants. • Direct cloud connectivity data at 10Gbps speeds between organisations, creating endless • Reduces costs for communication opportunities for collaboration, offices / other businesses with no • Access to a 10Gbps port starts requirements, data infrastructure innovation and sharing of resources data transfer limit and at extremely from $399. and connectivity and data low latency

• Access to the latest business data applications, services and tools

Comparison costs of Adelaide city based on 500 businesses being connected to Ten Gigabit Adelaide* Business access points Services Port

10 Gigabits per second 20 December access to each business. 2017 Private network links The speed and price Can add more as required. comparison had Cloud connections 18 Adelaide ranking poorly Adelaide business to business Iran 16 Voice and video Internet 14 Special services Tailored connectivity 12

Egypt Services Suite 10 Businesses choose one or many services. Each service with a fast, clear and reliable path. TEN GIGABIT ADELAIDE NETWORK 8

6 Ten Gigabit Adelaide

Average Cost per Mbps ($) Average Australia Qatar will establish a new Brazil global benchmark 4 Canada India United States Netherlands 2 Switzerland June 2020 Poland Sweden South Korea Seoul 0 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100 105 110

Average Connection Speed Mbps

* Data supplied by Pernix Pty Ltd. Datasets analysed from multiple sources including Ookla / Speedtest, Akamai, ATKeraney

12 ADELAIDE INVESTMENT PROSPECTUS 1311 OUR ECONOMY AT A GLANCE SOUTH AUSTRALIA

AUD$50b 55 A ‘Great Wine Capital of The world’s largest future submarine project the World’ lithium ion battery international producing 80% of Australia’s premium setting new records in supporting flights 15% wine production and 60% of its exports. traditional electricity generation. growth in student into Adelaide each week across enrolments in the last 5 years*** ten airlines* connecting 300+ destinations Australia’s renewable Leaders in business 43,868 energy capital conferences international university AUD$7.8b South Australia’s total renewable the Adelaide Convention Centre students enrolled in 2018 total visitor expenditure year ending September 2019* energy generation continues to rise and is Australia’s newest and most +13% YOY has reached a world-leading 51% with technologically advanced conference forecasts to be 80% by 2022**. venue. In 2019, 45,973 delegates AUD$4b visited across 77 conventions. invested in 20 windfarms as of 2018 13,600 international seats each week*

Full time labour costs 470,000 international visitors to Adelaide 8.5% each year as of December 2018* below Australian average

Inbound tourism 2013-2017 China +122% US +78% UK +14% SINGAPORE +36%*

AUSTRALIA

13th largest World’s economy in the world sixth-largest pool of funds under management 30 years and the largest in the Asian region of uninterrupted annual growth Rated AAA by all three global rating agencies

* Tourism Research Australia, Austrade [2019] ** National Energy Guarantee, Department of the Environment and Energy [2018] *** International Education 2030, 14 ADELAIDE INVESTMENT PROSPECTUS d’Arenberg Cube, McLaren Vale Department for Trade, Tourism and Investment [2019] 15 Image credit: South Australian Tourism Commission aslr

ARTS, CULTURE & ENTERTAINMENT

400+ major internationally and From contemporary art, music, film South Australia drives 44.1 per cent nationally recognised events and sport to museums and vast botanic of the nation’s festivals ticket sales5, gardens, Adelaide visitors and residents generating thousands of jobs and AUD$2.6b can experience a wide range of artistic contributing to an economic impact interstate expenditure disciplines throughout the year. Each of ‘new money’ in excess of AUD$100 +19% YOY* outstanding in its own way, these million locally.6 Various Adelaide inspired pursuits fuse the community festivals experienced their most 825,000 together and capture the creativity successful year to date in 2019. Adelaide number of tickets sold at that beats at the very heart of the city. Fringe ticket sales increased by 17 per Adelaide Fringe Festival 2019 cent, with over 825,000 tickets sold.7 The South Australian Museum and The Santos Tour Down Under, the first the Art Gallery of South Australia are cycling event to join the UCI World AUD$70.7m economic impact of Santos among the most visited in Australia, Tour outside of Europe, was recognised Tour Down Under 2019 celebrating expression, culture and as one of Australia’s best major events history. at the 2018 Qantas Australian Tourism Awards. Adelaide Adelaide is known as “Australia’s Cabaret Festival City” and proudly presents The clustering of event activity has Festival over 400 nationally and internationally created a vibrant event-tech capability largest Cabaret Festival recognised events each year including in South Australia, with highly skilled in the world the Adelaide Festival, Adelaide Fringe, teams working locally and exporting WOMADelaide and iconic sporting expertise globally. festivals such as the Superloop Adelaide Adelaide Guitar 500 and the Santos Tour Down Under. Festival most significant guitar festival The program of festivals attracts in the southern hemisphere international visitors and participants from across the globe, contributing AUD$109m significantly to the cultural environment in visitor expenditure from and economy of South Australia. top 11 festivals each year

5 Live Performance Industry in Australia: 2017 Ticket Attendance and Revenue Report, EY [2017] Adelaide Fringe 6 Economic Impact report shows Adelaide festivals inject $100million+ into SA economy, world’s second-largest annual Festivals Adelaide [2019] arts festival 7 2019 Adelaide Fringe increases tourist attendance by 72%, Adelaide Fringe [2019] * National Visitor Survey, Tourism Research Australia [2019] 16 ADELAIDE INVESTMENT PROSPECTUS Santos Tour Down Under. Image credit: South Australian Tourism Commission 1917 THE NEXT GENERATION ECONOMY

South Australia’s economic strengths in agriculture, research and education, manufacturing and technology are now the foundation of future-focused industries vital to the global economy.

Long-standing expertise and market Furthermore, our state will be home to renewables by 2030, a goal it is well on intelligence are enabling South the nation’s AUD$230 million Centre for its way to achieving with wind and solar Australian industry to thrive in areas Defence Industry Capability, making accounting for around 55 per cent of such as defence, renewable energy, it the heart of Australia’s defence total generation. These groundbreaking food and wine production, and life innovation. solar, wind farm and other renewable sciences. energy projects support Adelaide’s MEDICAL RESEARCH focus on sustainability. Business is supported by a focus Adelaide BioMed City is one of the on sustainability, technology and largest life-sciences clusters in the WORLD CLASS EDUCATION innovation that has attracted investors southern hemisphere. The Royal and multinational giants such as Cisco, The international education sector is Adelaide Hospital is at the centre of a Boeing, Technicolor and NEC. the state’s largest service export and precinct that brings together clinical continues to experience rapid growth, care, research and development, Our state is supported by a safe and as students from around the world seek education and business development. low-risk Australian economy. With to capitalise on the renowned education Adelaide has been a hub of health- one of the most transparent and well- offering and career opportunities in related science for decades. That regulated business environments in burgeoning industries. South Australia expertise – combined with our the world, Australia’s political stability has three internationally recognised strengths in education and training, and regulatory framework provides research universities; the University IT and manufacturing – is now investors with confidence and security. of Adelaide, the University of South stimulating lifesaving discoveries in Australia and Flinders University, all of pharmaceuticals, medical devices, DEFENCE which have campuses in the Adelaide clinical trials and commercialisation, CBD. Each leverages strong reputations Over the next 20 years, South Australia digital training and healthcare. in academic excellence with future- will be home to the largest share of the focused institutes, cooperative nation’s total defence material spend. RENEWABLE ENERGY research centres and active research The headquarters for the majority of The world’s largest lithium-ion battery, commercialisation departments which Australia’s defence manufacturing and Hornsdale Power Reserve, will soon nurture entrepreneurship. technology research, development and expand by 50 per cent with extra investment organisations are situated Tesla powerpacks delivering another in Adelaide and its surrounds. 50MW/64.5MWh. The expansion is supported by the State Government’s South Australia has secured the Federal Grid Scale Storage Fund complementing Government’s AUD$50 billion Future a commitment to boost grid stability and Submarine program – the largest lower business and household power defence procurement in Australia’s bills. The South Australian government history – as well as the Future Frigate, has set a target of net 100 per cent Jindalee Operational Radar Network and other projects.

18 ADELAIDE INVESTMENT PROSPECTUS SAMHRI, North Terrace 19

CREATIVE INDUSTRIES FOOD AND WINE TOURISM

Adelaide’s well-established reputation South Australia is responsible for over Tourism has gained extraordinary as city that champions creativity 60 per cent of Australia’s total wine momentum in the last few years, driven has seen local talents flourish on an exports, with internationally acclaimed by the city’s growing international international scale and attracted global wine regions Barossa Valley, Clare reputation for delivering world-class companies to its centre. Valley, Adelaide Hills and McLaren Vale and authentic visitor experiences. surrounding the city. National and international tourists have In South Australia, creative minds are flocked to the city to enjoy Adelaide’s exploring fast-emerging possibilities South Australian producers capitalise expansive festivals and events program, in art, design, music, advertising and on our clean environment, naturally dynamic culinary offerings and some of publishing. Design firm Woods Bagot is rich soils, and advanced manufacturing the world’s most spectacular natural changing physical landscapes at home systems to export premium food and environments. and around the world. Others like wine to global markets including Asia, Rising Sun Pictures, Kojo, Team Cherry Europe and the Middle East. Adelaide acts as the ultimate and Mighty Kingdom are setting new springboard to South Australia’s standards in what is possible in visual In the city, the acclaimed Adelaide picturesque regions, with pristine effects, film-making and gaming. Central Market fuses a culturally beaches, wine destinations and rugged engrained appreciation for high quality terrain all within a short drive. Paris-based Technicolor has recently produce with heritage and community. joined Adelaide’s burgeoning visual As one of the largest undercover fresh The fertile soil of the Adelaide Plains effects (VFX) ecosystem, establishing produce markets in the southern on which Adelaide sits provides an its first southern hemisphere VFX centre hemisphere, it is South Australia’s most abundance of fresh produce to the in the CBD. The company is expected visited tourist attraction with over nine city’s award-winning restaurants while to inject AUD$250 million into the local million visitors every year. the close proximity to four globally economy over the next decade. renowned wine regions has cemented our reputation as Australia’s food and Partnerships between universities wine capital. and research centres, industry and government generate innovations that produce economic benefit, solve problems, and produce real world outcomes for the community. We are ideally placed to serve Asia’s technological transformation in fields such as photonics, nanotechnology, robotics and cybersecurity, with peak bodies such as Simulation Australasia

20 ADELAIDE INVESTMENT PROSPECTUS Peel Street headquartered within Adelaide. 21 CASE STUDIES

ADELAIDE ACQUIRES ADELAIDE’S COLOURFUL MISSION CONTROL, WE HAVE ‘MISSION CRITICAL’ STATUS FUTURE LIFT OFF!

Babcock Australasia is a leading Technicolor recently established its The Australian Space Agency national engineering support services company first southern hemisphere VFX centre in space control centre was established in which operates in the defence, nuclear, Adelaide. Joining outlets in New York, the heart of city, cementing Adelaide’s telecommunications, transport, Los Angeles, Montreal, Vancouver and global reputation as a hub of space and emergency services, minerals and Montreal, the AUD$26 million studio defence innovation. energy and educations systems across operating under Mill Film has 300 the globe. employees and aims to expand to 500 Situated in Lot Fourteen, Australia’s within the next five years. first creation and innovation Babcock Australasia has established its neighbourhood, the Agency further Australasian headquarters in Adelaide Technicolor has worked on movies propels South Australia’s thriving as well as its Mission Critical Services such as Wonder Woman, The Martian, space industry, which currently Australasian head office. Blade Runner 2049 and 2018 Best consists of more than 60 space related Picture Oscar-winner The Shape of organisations and employs over 800 The relocation of the Mission Critical Water. Chief Executive Officer Frederic people. Services Australasian head office from Rose says Technicolor selected South Brisbane to the Adelaide CBD created Australia because of the ready and The presence of the Space Agency will 48 highly skilled jobs. Operations available creative talent, the potential enable local businesses to capitalise and services delivered range from partnerships with leading universities, on the US$345 billion global space emergency medical, search and rescue, and a mature infrastructure critical for industry. In addition to tripling the law enforcement and surveillance high-end VFX projects. space industry’s revenue to AUD$12 operations to providing emergency and billion, the Agency also aims to create mission critical helicopter support for The South Australian Government’s 20,000 jobs by 2030, representing governments and private companies, investment arm, has supported the opportunities to significantly stimulate such as offshore drilling rigs. project, which is expected to inject growth in local employment whilst more than AUD$250 million into the attracting leading experts from across state’s economy over the next decade. the globe to live in Adelaide. Technicolor will join VFX firm Rising Sun Pictures (Gravity, Harry Potter); The Defence and Space Landing Pad facilities house Kojo (Wolf Creek was established in 2018 to further television series, Mortal Kombat); and support the relocation of international television CGI firm Resin (Philip K Dick’s: companies to South Australia. This Electric Dreams) in having operations in provides affordable, short-term office Adelaide. facilities and relationship building opportunities with a panel of accredited local professional service businesses to provide free advice and assistance to support international companies with their relocation and business development plans.

22 ADELAIDE INVESTMENT PROSPECTUS Department of Defence. Collins Class Submarine 23 MAJOR DEVELOPMENTS

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PROPOSED

UNDER CONSTRUCTION Scan the QR code to visit the Adelaide Development APPROVED Activity Tracker 9

PROPOSED APPROVED PROJECT TYPE HEIGHT (APPROX) PROJECT TYPE HEIGHT (APPROX) 1 274 North Terrace Hotel 55m 1 Monument East Terrace Residential 63m 2 200 East Terrace Residential 28m 2 TRYP by Wyndham Hotel 44m 3 2–6 Hutt Street Residential 54m 3 Sky Apartments Residential 74m 4 51 Hutt Street Residential 49m 4 Central Market Arcade Redevelopment Mixed Use 120m 5 188 Grenfell Street Mixed Use 46m 5 Travelodge Hotel Hotel 70m 6 27–29 Twin Street Student Accommodation and Retail 124.4m 6 42-56 Franklin Street Commercial 98m 7 200 North Terrace Mixed Use 85m UNDER CONSTRUCTION 8 Tribe Hotel Hotel 59m PROJECT TYPE HEIGHT (APPROX) 9 203 North Terrace Student Accommodation 108m 1 Vibe Hotel Hotel 78m 10 Palladio Apartments Residential 72m 2 Global Student Accommodation Student Accommodation 126m 11 91–95 Halifax Street Mixed Use 21m 3 252 South Terrace Residential 25m 12 Gawler Chambers Mixed Use 52.5m 4 Hurtle & Co Stage 3 Residential 31.5m 13 Queen Adelaide Club Mixed Use 82m 5 102–120 Wakefield Street Commercial 65m 14 ADC Head Office Commercial 89m 6 Penny Place Residential 78m 15 Hyatt Regency Adelaide Hotel 114m 7 Festival Square Tower Commercial 108m 16 75–79 King William Street Mixed Use 133m 8 Skycity Adelaide Casino Expansion Mixed Use 55m 17 Park Terrace Residential 31.5m 9 Adelaide Oval Hotel Hotel 17.5m 18 SIXTY2CURRIE + QT Hotel Hotel and Commercial 92m 10 Indigo Hotel Adelaide Markets Hotel and Residential 63m 19 13–21 Coglin Street Residential 80.5m 11 Sofitel and Luminesque Hotel and Residential 117m 20 126 Wright Street Mixed Use 56.8m 12 Wingfold Tower Residential 78m 21 76-88 Wright Street Mixed Use 63m 13 124 Waymouth Street Student Accommodation 53m 22 Quest Hotel 53m 14 Spence on Light Affordable and Social Housing 46m 23 KT18 Modular Hotel Hotel 80m 24 54–58 Elizabeth Street Student Accommodation 59.5m Visit the Adelaide Development Activity Tracker for an interactive map of the latest developments: saplanningportal.sa.gov.au 25 Australian Bragg Centre for Proton Health and Medical Research 60m Therapy & Research 24 ADELAIDE INVESTMENT PROSPECTUS Data as at February 2020 25 YOUR INVESTMENT IS OUR BUSINESS

The City of Adelaide is open for business. We are committed to helping investors and businesses realise their goals and achieve success.

We provide focused services and STRATEGIC PROPERTY Central Market Arcade specialised advice during all stages CASE STUDIES redevelopment of your investment. From initial 211 Pirie Street The Central Market Arcade conversations about opportunities Redevelopment will be a catalyst for to the expansion of your multi-site Ongoing investment activity on Pirie enriching the city. The redeveloped business, our investment team can help Street continues towards the East End, arcade will be a flagship mixed-use you capitalise on our networks. with the City of Adelaide considering redevelopment opportunities of City development of national significance and elevate the precinct as a major We have close ties to South Australian Beach, 211 Pirie Street, as part of its destination embracing culture, art, Government agencies responsible for Strategic Property Review. The 1,569 sqm strategic land holding comprises of retail, and tourism. The arcade will our health, defence, wine, agriculture three street frontages and is currently promote the market district as the and other industries, and with those occupied by Volleyball SA. The site is premier precinct showcasing the very that determine the infrastructure South located within the Capital City Zone best of South Australian food, wine Australia needs to support growth. which seeks high-density mixed-use and produce. development. Our fast, connected services include: The City of Adelaide has entered into • A dedicated contact in our 88 O’Connell Street, a partnership to redevelop the arcade investment team for all your North Adelaide with leading developer ICD Property, project needs Nanshan Singapore, Sinclair Brook and 88 O’Connell Street is in the heart of architecture firm Woods Bagot. • Project and case North Adelaide, situated only two management support kilometres from the CBD. The significant The projected value of the completed • Links to grants, sponsorships, space is within walking distance to development is $400 million. The City of incentives and other funding that Adelaide Oval, the Riverbank precinct Adelaide’s circa $28 million investment may be available and Adelaide Park Lands. demonstrates its commitment to the • Access to government and O’Connell Street’s extensive commercial market district by creating enhanced business partners property offerings include over 200 public amenities and valuable assets • Policy and regulatory assistance retail shops, and chic office spaces, all for ratepayers. located just around the corner from • Connections to the technology, some of Adelaide’s most beautiful and When complete, the development suppliers, research and workforce historic residences. is projected to attract an additional you need one million people per annum to the • Help to find and settle into the best The 129-metre frontage is bordered market district, in addition to the nine premises, in the best location, for by four public roads and may million currently visiting. your business. accommodate retail, commercial, entertainment and dining options, Work to date across both sites highlight tourist accommodation or a residential Our team exists to help you succeed how the City of Adelaide’s planning, development. in Adelaide – and to use your Adelaide legal, property and management expertise can support investors in location to reach and flourish in markets Scan the QR code to around Australia and the world. learn more about the fulfilling their business targets in redevelopment of the South Australia. Central Market Arcade

26 ADELAIDE INVESTMENT PROSPECTUS Adelaide Central Market Arcade proposed redevelopment 27

ADELAIDE CITY MAP START YOUR INVESTMENT JOURNEY TODAY v

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