ADELAIDE INVESTMENT PROSPECTUS Adelaide. Designed for Life. ACKNOWLEDGEMENT OF COUNTRY The City of Adelaide acknowledges Kaurna 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 William Light, 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 South Australia’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 South Australian Museum 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)