THE South Australian Government last week announced it has chosen CIC Australia Limited (CIC) as the preferred developer for a new residential and mixed-use precinct at Tonsley, following an Expressions of Interest process for the 11-hectare site.
The development, which is expected to accommodate up to 1,200 residents and supporting retail and services, will form part of the planned transformation of the former Mitsubishi manufacturing site into a world-class, collaborative and high-value industry, education and residential precinct.
Housing and Urban Development Minister Tom Koutsantonis said CIC had an outstanding track record in delivering innovative design, housing diversity and affordable housing, as demonstrated at the award-winning Lightsview joint venture in Adelaide's North East.
CIC Chief Executive Officer Col Alexander said the opportunity to again partner with Renewal SA and the Department of Manufacturing, Innovation, Trade, Resources and Energy was a fantastic prospect.
"CIC has been developing in South Australia for the past 10 years and being chosen to partner with Renewal SA is another major achievement which reflects our ongoing commitment to the SA economy," Mr Alexander said.
"We will be working very closely with South Australia's building industry to deliver innovative design and housing products across the project."
The State Government will commence work on developing a detailed master-plan for the residential precinct at Tonsley with the intention of entering into a development deed later in the year.
The 61-hectare Tonsley site is located approximately 10 kilometres south of Adelaide's central business district. When complete, it is expected that the site will support 6,300 jobs, accommodate a yearly student population of up to 10,000 and have a residential population of up to 1,500.
Also last week, the State Government announced that Basetec Services, Signostics Limited, Zen Industries and MAN Diesel and Turbo Australia have committed to establishing themselves at the $253 million advanced manufacturing hub at the site. The companies will join Tonsley TAFE, Flinders University, Tier5 and Siemens.