Property development can drive Coca-Cola site jobs

The peak body for the state’s biggest industry has pointed to future job creation when Coca-Cola closes its 2.5ha Thebarton site in 2019.

“Coca-Cola’s departure is less a story about manufacturing decline and more a story about the changing urban fabric of inner-city Adelaide,” said Property Council SA Executive Director Daniel Gannon.

“There’s no doubt that this presents difficult times for many South Australian families connected to the business operation, but it does seem likely that this site will be developed and therefore create jobs for many more South Australians.

“The 2.5ha Thebarton location – boasting a Port Road frontage – means the site is in a prime position, with superior transport connections including light rail running past the front door and the Bowden railway station down the road.

“The attractiveness of this site is only compounded by South Australia’s world-class bio-medical precinct located to the east.

“Recent planning changes to urban corridor zones now mean that residential development – along with other mixed-use options – becomes a viable and attractive option for this inner-city site.” 

Mr Gannon said the site is captured by the urban corridor zone and allows a mix of medium density and high density residential development. Pursuant to the Urban Corridor Zone - ‘Boulevard’ Policy Area 34 policy, this area:

“…will contain a mix of land uses that complement the function of Port Road as a strategic transport route linking central Adelaide with the north-western suburbs...

“Development will take place at medium to high densities, at a scale that is proportionate to the width of Port Road and ANZAC Highway respectively.

“Residential density should not be less than 100 dwellings per hectare. The maximum height of development will be eight storeys...”

 

Background information

Property is South Australia’s largest private sector employer and biggest industry, accounting for 10.8% of the state’s economic activity (or $10.5 billion).

It builds prosperity by paying $4.4 billion in wages and salaries – one in six people draw their wage directly or indirectly from property – and one million South Australians have a stake in property through their super funds.

Property is the largest single industry contributor paying 56.6% of state taxes, local government rates, fees and charges.

 

Media contact: Daniel Gannon |E dgannon@propertycouncil.com.au