A purchaser for General Motors Holden's Elizabeth manufacturing site in Adelaide has been selected following a six-month Expression of Interest process - paving the way for the development of one of Australia's largest strategically positioned business hubs.
Holden proposes to retain a presence across a significant portion of the site with a spare parts operation; there is also interest from other major occupiers looking to secure commercial accommodation at Elizabeth.
'A preferred investor/developer from interstate has been identified for the property based on their long-term investment strategy. They have a good performance record and ability to deliver a high-quality outcome, with a willingness to work with local authorities and the community,' said Holden's Executive Director of Manufacturing, Richard Phillips.
'The site is to be transformed into a master-planned, innovative business park, providing employment opportunities for new and established industries such as resources, engineering, logistics, construction, defence, food & beverage and sales from both the local, national and international market. Renewable energies will be part of the masterplan,' Mr Phillips said.
Holden's long-term presence in Adelaide and the northern suburbs community will be recognised in master-planning for the site with a proposed heritage centre and hospitality venue.
Holden will undertake a decommissioning process that will extend to mid-2019.
Holden and the selected purchaser are now finalising contracts, after which the name of the purchaser and further details will be announced.
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