A joint venture between John Holland and Commercial & General has been named as the exclusive preferred proponent by the state government of South Australia to redevelop the old Royal Adelaide Hospital site.
The project will include more than 5ha of garden space linked and integrated with the city’s Botanic Gardens, a five-star hotel, public art and performance spaces, and a 1,000-home multi-generational living precinct.
The AUD1bn ($768M) project will include the demolition of the East Wing.
John Holland CEO Glenn Palin said: “The development will return land to the Adelaide Botanic Gardens and provide major economic benefits to South Australia, creating up to 4,500 new jobs once operational and injecting $7.5bn to the South Australian economy over the first 12 years.”
Construction work on the project is set to start in 2017, taking about 10 years to be completed.
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