Palaszczuk government lists office site at Lumina innovation cluster

The Queensland government is selling site 2E, otherwise known as 2 Village Boulevard, Southport.

The Queensland government has listed a commercial development site at its 200 hectare Gold Coast Health and Knowledge Precinct, the 2018 Commonwealth Games Athletes Village.

The parcel, 2E, sits within Lumina, a 9.5ha innovation cluster at the $2.9 billion master-planned community.

The Lumina innovation hub is part of a $500 million redevelopment of the 2018 Commonwealth Games Athletes Village.

Though put at 7087 square metres, the property’s boundary – and configuration – is flexible, CBRE Healthcare and Social Infrastructure’s Sandro Peluso saying it can be tailored to the proponent’s requirements.

A project with a gross floor area circling 7450 sqm is being mooted.

The Palaszczuk government is seeking a developer, tenant or owner occupier to create “a world class facility”.

The listing comes five months after Lumina’s first commercial project was revealed – a seven storey office and childcare complex called Proxima, which is estimated will be worth about $80m upon completion.

Site 2E

Site 2E fronts Smith Street Motorway – which connects Southport to the Gold Coast CBD, about six kilometres away.

It also abuts Smith Collective, an estate designed to accommodate up to 2500 residents around 6000 sqm of retail.

Clark Property Partners co-agent Steve Clark said “we envision this [2E] space being the new home of a business that brings more bright minds to Lumina and leverages the collaborative nature of surrounding institutions and organisations” (story continues below).

“We are seeking a developer to bring this space to life with a project that reflects the active, sustainable, integrated and innovative aspects of Lumina”.

The land, he added, is classified as Priority Development, meaning planning applications can be streamlined and any approval can be fast tracked (as it was for Proxima).

“As we face COVID-19, there is a shift in focus towards research and development, both publicly and privately, and we are seeing an increase in demand from tenants in this space,” the executive added.

Lumina to put Queensland on the map for health, research: agent

“Lumina is a ground breaking project…thought out to put the Gold Coast and Queensland on the map for more than tourism and education, but as a world-leader in health and research,” Mr Peluso’s colleague, Josh Twelftree said.

Near Gold Coast University Hospital, Gold Coast Private Hospital and Griffiths University, Lumina is targeting enterprises in the fields of life sciences, health and technology.

“Businesses within Lumina benefit from more than $5b already invested in health, education, transport and ultra-high speed fibre internet infrastructure,” the broker added.

When complete in the next 10 to 15 years, the innovation cluster is expected to be the base for about 12,000 jobs, Mr Peluso said.

The site (outlined) is about six kilometres to Southport’s CBD and Surfers Paradise.
Artist’s impression of part of the redeveloped Gold Coast Health and Knowledge Precinct.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco