The South Australian government has given the go ahead to an 11-storey building office tower at the Adelaide innovation precinct Lot Fourteen.
The government will finance, deliver and own the project, known as the Innovation Centre, with the build kicking off next year for tenants to move in by late 2028.
The Innovation Centre is already 77% full, with the anchor tenants including BAE Systems Australia, the $60 million Australian Defence Technologies Academy, $20 million Innovation Hub – both supported by the federal government too – and $20 million Space Assembly Integration and Testing facility.
Lot Fourteen emerged out of the redevelopment of the old Adelaide Hospital site and has become a key meeting place for the state’s startup and tech sector.
Renewal SA will deliver the project, on behalf of the Department of the Premier and Cabinet.
State project lead Di Dixon said the decision is a major milestone for the 7-hectare site, between the University of Adelaide and University of South Australia, and the Adelaide Botanic Garden, signals the state government’s commitment to Lot Fourteen.
“The Innovation Centre will combine the very best of open collaboration zones, cutting-edge innovation and access to a capital city’s premium amenities, embodying the enormous potential that South Australia has to offer and is the first new development to be built at Lot Fourteen,” she said.
The Innovation Centre will have around 17,000 square metres of floor space.
Lot Fourteen is home to the Australian Space Agency headquarters, the Australian Cyber Collaboration Centre, the Australian Institute for Machine Learning, along with 60 startups and global tech companies such as Amazon Web Services.
- Editor’s note: An earlier version of this project said it was worth $100 million. This is incorrect as the cost has yet to be determined.
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