A purchaser for General Motors Holden’s Elizabeth manufacturing site in Adelaide, South Australia state, 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, the automaker announced.
“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,” it said in a statement.
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“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.
Holden ends car production on 20 October. Ford is already gone; Toyota closed its Altona plant this week.
“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,” Phillips added.
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.
