Lot Fourteen’s Innovation Centre reaches major milestone

The flagship Innovation Centre at Lot Fourteen is confirmed to proceed, with the state government electing to finance and direct-deliver the building to meet the pipeline of national and international tenant interest.

Construction of the Innovation Centre is scheduled to commence in 2026; expediting its delivery to allow anchor tenants to move into the next generation build by late 2028.

The Innovation Centre has pre-committed tenancy of 77 per cent, with BAE Systems Australia, $60 million Australian Defence Technologies Academy*, $20 million Innovation Hub* and $20 million Space Assembly Integration and Testing facility confirmed.

The Government of South Australia will deliver this key asset, ensuring government ownership of the building and the safeguarding the vision of Lot Fourteen as a flagship for innovation growth and skilled jobs in South Australia under the state’s Innovation Places Leadership Framework.

The Innovation Centre will support the continued transformation of South Australia’s economic complexity and technological capabilities. Setting a global pace for the growth of defence, space, critical technologies and cyber industries.

Renewal SA will be the delivery partner, on behalf of the Department of the Premier and Cabinet, while overseeing the project including construction procurement and project management with a series of contractor procurements to be out in market, ensuring commencement of construction as soon as possible.

State project lead, Di Dixon, stated, “this is a major milestone for the innovation district and 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.”

For more information visit: https://lotfourteen.com.au/projects/innovation-centre/.

*funded by the Australian and South Australian Governments as part of the Adelaide City Deal.