South Australia

A NEW $200 million office building will be developed in Adelaide, after the Australian Taxation Office agreed to be anchor tenant.

The ATO, which also recently anchor tenanted a Melbourne building some say it didn’t need, will occupy 30,000 square metres of a building at Franklin Street, being developed by Western Australian based Aspen Group.

Aspen’s Tower 8 project will be bound by Waymouth, King William Flinders and Bentham streets, according to Adelaide Now, which announced the deal yesterday.

AUSTRALAND has made about $1.35 million from the sale of a 1.55 hectare vacant industrial site in Adelaide.

The 21 – 81 Frost Road site, in Salisbury South was once part of a larger Australand development, but the group; deemed the site surplus to its needs, according to the AFR which reported the sale.

The new owner, building and construction products manufacturer BGC, will relocate to the premises from Albert Park.

ADELAIDE’s Chinatown precinct is set for a $150 million residential and commercial project.

A joint venture between listed solar energy firm Advanced Energy Systems and Chinese property group Tangcheng Group is proposing a six-storey, 300-unit apartment project for the 171 – 207 Gouger Street site.

The majority shareholder in AES is billionaire Chenghui Xu, the AFR reports.

DEVELOPER Lang Walker has been given the green light to build a $2 billion residential village in Adelaide’s north.

The South Australian government approved the first stage of the project, which will provide 614 houses and a town centre.

The Buckland Park project will spread over 1340 hectares, and offer 12,000 housing lots over the next 26 years.