The South Australian Government has confirmed that the flagship Innovation Centre at Lot Fourteen will go ahead, with state funding committed to directly deliver the project. This next-generation building is designed to meet growing demand from national and international tenants and will further cement Lot Fourteen's role as a hub for innovation, technology, and advanced industries.
Construction is scheduled to begin in 2026, with completion set for late 2028 to allow anchor tenants to move in as soon as possible.
Strong Tenant Commitments Already in Place
The Innovation Centre has already secured 77 per cent pre-commitment from tenants, including:
- BAE Systems Australia
- Australian Defence Technologies Academy ($60 million investment)
- Innovation Hub ($20 million investment)
- Space Assembly Integration and Testing Facility ($20 million investment)
These initiatives, jointly funded by the Australian and South Australian Governments under the Adelaide City Deal, will anchor the centre's role in advancing South Australia's position in defence, space, cyber, and critical technologies.
Government-Led Delivery for Long-Term Vision
By retaining government ownership, the state ensures the building aligns with the Innovation Places Leadership Framework — a strategy focused on innovation growth and the creation of highly skilled jobs in South Australia. Renewal SA will act as the delivery partner on behalf of the Department of the Premier and Cabinet, managing construction procurement and project oversight.
State project lead Di Dixon described the project as "a major milestone for the innovation district" and a clear demonstration of government commitment to Lot Fourteen's future.
A New Benchmark for Collaboration and Industry Growth
The Innovation Centre will feature:
- State-of-the-art collaboration zones
- Advanced innovation spaces
- Access to premium CBD amenities
It is the first new development to be built at Lot Fourteen, representing a significant leap forward for South Australia's economic complexity and technological capabilities.
The Century 21 Commercial Real Estate Adelaide team notes that large-scale, high-profile projects like this often have a flow-on effect for the local property market — boosting demand for commercial space, increasing investor confidence, and supporting long-term economic growth.
If you're seeking to invest, develop, or secure commercial property in Adelaide's rapidly growing innovation and technology sectors, the experts at Century 21 Commercial Real Estate Adelaide are here to guide you.
We offer:
- Commercial property sales
- Leasing and property management
- Buyer and tenant advocacy
- Business brokerage
For strategic advice and market-leading results, visit c21commercial.com.au today. Disclaimer: This article contains information and market insights first published by lotfourteen.com.au The content has been independently rewritten and adapted by Century 21 Commercial Real Estate Adelaide to provide relevant and updated context for our audience.