- Quintessential Equity has worked with COX Architecture on the new design
- Located within the Entrepreneur and Innovation Centre (EIC) at Adelaide’s Lot Fourteen
- The $400 million EIC will be developed, owned, and managed by Quintessential Equity
Quintessential Equity has signed a ten-year lease for Adelaide’s $20 million Innovation Hub as the project receives approval for its variation of planning design.
Quintessential Equity has worked with COX Architecture on the new design which will see twisting and interconnected floorplates, a faceted façade, public atrium, and landscaped podium roof terrace.
The Innovation Hub will be located across two floors, with the ground floor being an open area for events and collaboration, accessible for the public and offering indoor and alfresco dining opportunities.
Located within the Entrepreneur and Innovation Centre (EIC) at Adelaide’s Lot Fourteen, formerly the site of the Royal Adelaide Hospital, it will be a hub for research, innovation, and entrepreneurialism in hi-tech, defence, space, and creative sectors.
The precinct will be co-located with some of the world’s leading data science capabilities and intelligence including MIT big data Living Lab, Amazon Web Services, and Google Cloud.
South Australian Premier Steven Marshall said the Innovation Hub will provide a massive boost to Lot Fourteen’s entrepreneurial ecosystem.
“This brand-new Innovation Hub is going to create hundreds of jobs for decades to come.
“Being at the centre of Lot Fourteen, our vision is to create a curated ecosystem of entrepreneurs, researchers, and global companies to help build the future of innovation and a pipeline of jobs for South Australia.”
Lease symbolises commitment to innovation
Quintessential Equity executive chairman Shane Quinn said the lease signifies both governments’ commitment to deliver a world-class collaboration and innovation facility in Adelaide.
“The revised design is more functional and accessible as we focus on collaboration and the provision of a healthy and engaging work environment.”
Federal Minister for Communications, Urban Infrastructure, Cities and the Arts, the Hon Paul Fletcher MP said the Hub would provide an ideal setting for collaboration and be a strategic cornerstone to attract the best global talent and world-leading businesses to South Australia.
“The Morrison Government has committed up to $20 million through the Adelaide City Deal towards the establishment of the Innovation Hub, which aims to foster idea exchange, entrepreneurship and innovation,” said Mr Fletcher.
“The Adelaide City Deal continues to support the growth and revitalisation of the city, boosting South Australia’s skilled workforce and backing industries at the forefront of innovation and cutting-edge technologies.”
The $400 million EIC, which includes the Innovation Hub, will be developed, owned, and managed by Quintessential Equity who are already managing a strong level of inquiry from interested tenants in hi-tech sectors.
The EIC will be a purpose-built 16-storey and 41,000 square metre facility.
Construction is scheduled to start in mid-2022 and tenants are expected to move in from 2024.