Lot Fourteen, North Terrace_Property for Sale

North Terrace, Adelaide, SA, 5000, AU

Lot Fourteen, North Terrace

Asset description

On behalf of the South Australian Government (through Renewal SA), JLL is seeking a development partner with the experience and vision to deliver the first next generation development at Lot Fourteen, a world class innovation district.

Opportunity at a glance:

- 3,260 sqm site area

- 1^st Next Generation Development built at Lot Fourteen

- 77%* Leasing pre-commitment

- 17,000 sqm minimum net lettable area

- 99-year ground lease

- 6 Star Green Star community and building rating target

- Opportunity for exclusive rights for future development within the Lot Fourteen district

Lot Fourteen is a world-class innovation district striving to grow South Australia’s productivity and solve complex global challenges that lead to greater economic, social, and cultural prosperity. The innovation district is home to global corporations including Amazon Web Services and Salesforce who co-locate alongside highly respected organisations including the Australian Space Agency, the Australian Institute for Machine Learning, the Australian Cyber Collaboration Centre, and Stone & Chalk, focusing on a collaborative ecosystem, with a current workforce of 1,700 people across 160 organisations.

To fulfill the district vision, the South Australian Government is committed to establishing the first next-generation commercial development at Lot Fourteen. The Innovation Centre will drive district growth through the sequenced release of development Super Lots over the next decade.

Sub Lot E1, a 3,260sqm site situated in the heart of Lot Fourteen, is the first site being offered for development under a 99-year ground lease agreement.

The Innovation Centre proposed for Sub Lot E1 will embody the enormous potential that South Australia has to offer and will be the first new development to be built at the innovation district. It is envisaged to deliver a minimum of 17,000sqm of net lettable area which will be underpinned by a 77%* leasing precommitment for 10-years terms to committed tenants:

· Department of the Premier and Cabinet

· Adelaide University

· Defence SA

· BAE Systems Australia

...

Attributes

Land area gross

35,090 sf

Occupancy

77%

Rentable area

182,986 sf

Tenure

Leasehold

Media

Investment highlights

The Innovation Centre will be a hub for the creation of defence related activity, such as AUKUS and the Hunter-Class Frigates, creating jobs to support the State’s economy over the coming decades.

To create district development momentum the Successful Proponent will have exclusive first rights to develop future stages within Lot Fourteen.

The South Australian Government (through Renewal SA) is undertaking a single stage Expression of Interest (EOI) process to identify a Development Partner/Preferred Proponent with the innovation, experience, and vision to deliver the Innovation Centre objectives and the best outcome for Lot Fourteen and South Australia.

Expressions of Interest close 3pm (ACDT) Tuesday 26 November 2024.

*Approximately

For further information please contact the exclusive agents at JLL.