Aura's first business park signals jobs boom for the Sunshine Coast
An aerial view of the location of the new Aura
Business Park, which commenced construction on
24 August 2017 at Caloundra (Qld).
05 September 2017
Australia’s first six star
green
star city,
Stockland’s $5 billion
Aura project on
Queensland’s Sunshine
Coast, today celebrated the start of construction at the $222 million
new business park – which will soon be home to more than 3,000 new jobs
and takes Aura one step closer to becoming a major employment hub for
the Sunshine Coast.
The new development is the first of two planned business parks at Aura,
and is located at the gateway to the Sunshine Coast in the heart of the
largest investment zone in the region, adjacent to the Bells Creek
Arterial Road with convenient connections to the
Bruce Highway.
Combined, Aura’s two new business parks are expected to create around
5,000 permanent jobs and are the pillar of Stockland’s economic
development strategy.
Kingsley Andrew, General Manager for Stockland’s Queensland operations,
highlighted the importance of early infrastructure delivery and job
creation at the growing city.
“Our vision at Aura is to deliver Australia’s most prosperous and
connected master planned community with one job created for every
household – that’s 20,000 permanent new jobs over the life of the
project.
“The delivery of this business park so early in the project’s life
creates a jobs hub that will enable Aura’s early residents to work close
to where they live. It’s a key part of our aspiration to create the most
sustainable and liveable community in Australia.
“Business innovation and economic prosperity is a cornerstone of Aura,
and we are particularly encouraging businesses that promote knowledge
creation and entrepreneurial activity in industry, science and
technology, as well as research and development. This new business park
presents a rare opportunity to be part of an emerging city in one of in
Australia’s fastest growing regions.
Stockland’s Group Executive and CEO Commercial Property John Schroder,
said: “The launch of the $222 million Aura business park is an important
part of our national Logistics and Business Parks strategy.
“The start of construction at the Aura Business Park follows the strong
progress of our $680 million national Logistics and Business Park
development pipeline, which also includes the new $77 million business
park currently under construction at Warwick Farm in Sydney.
“Valued at more than $2 billion, the L&BP business now represents 15 per
cent of Stockland’s total assets, and occupancy has increased to 99 per
cent across the portfolio. As an asset class, it will continue to grow
and forms an increasingly important part of our commercial business.
“Earthworks for the project are now well under way. The initial stages
of the business park’s development will include a ‘construction cluster’
targeting trade-related businesses, and will feature a showroom precinct
and office park,” Mr Schroder said.
The business park will accommodate a range of uses including light
industry and manufacturing, bulky goods and showrooms, commercial office
space, storage and warehousing, research and development, and indoor
sports and recreation.
--ENDS--
Source: Stockland - www.stockland.com.au
Contact: N/A
External Links: For more information on Aura or to register your interest in the Aura Business Park, go to www.cityofcolour.com , or phone 1300 762 058.
Recent news by: Stocklands