Quintessential Equity announces the opening for rental of an entrepreneur and innovation center

Commonwealth Bank agrees to lease its technology center

Adelaide, Australia – At a launch event today at Lot Fourteen, EIC developer Quintessential Equity (QE), officially announced the opening of the EIC for rental, unveiling detailed plans positioning the development as an iconic building at the heart of the Lot Fourteen innovation district.

The plans revealed the building’s immense appeal and potential for potential tenants, with Commonwealth Bank pledging to lease the building.

Developed, owned and managed by Quintessential Equity, the approximately $400 million commercial office building has already attracted strong interest from anchor tenants in the defense, space and high tech sectors. The 16-story, 41,000 square meter EIC was designed to provide innovative government and private organizations with the perfect venue to enhance their research, operations and workforce capabilities through advanced technology, construction and state-of-the-art design.

The EIC will also be a powerful job generator – its construction will create around 430 jobs at the peak of the project, and employment opportunities for Indigenous South Australians will be a priority under this, thanks to a partnership with the plans of Aboriginal training and industry involvement. When completed, the EIC will be the workplace for three to four thousand workers in high-growth industries.

South Australian Prime Minister Steven Marshall has encouraged innovative organizations to mobilize quickly to secure their new home in a historic building in the heart of Lot Fourteen.

“I am very excited about what the Entrepreneur and Innovation Center will bring to South Australia. The EIC is where innovative organizations should want to be and now is the time to seize this unique opportunity.

“The EIC will give those who obtain a lease the opportunity to accelerate innovation and thereby create jobs for the future. It will showcase South Australia as a global leader in incubating and fostering innovation, research and collaboration. It will be a magnet for talent and creativity, providing an exciting future for its tenants and for South Australia.

Quintessential Equity Executive Chairman Shane Quinn was enthusiastic about the state-of-the-art building and the dynamic working environment it will provide tenants.

“It is really exciting for us at Quintessential Equity to be able to shed light today on what a lease in the EIC will look like and we are delighted that CBA is the first to commit to a lease. We want to fill the building with the best and brightest organizations that can benefit from an environment focused on world-class collaboration and innovation.

“Setting a new benchmark for office design – collaboration, sustainability and technology will be embedded at the heart of the EIC, enabling tenants to attract and retain top local and global talent in the high growth sectors of cybersecurity, high-tech research, space and defense technology.

“It will be a place where business, research and government will collaborate and accelerate the development of new technologies, products and services.”

Commonwealth Bank’s CIO for technology, Brendan Hopper, said the bank would establish a technology hub in South Australia to leverage the state’s focus and investment in technology, innovation and innovation. entrepreneurship.

“Our hope for our technology hubs is that they are places where people go to collaborate, innovate, share ideas and learn from each other – which is why the Center for Entrepreneurship and Innovation is the perfect home for us.

“We plan to hire up to 150 technology specialists over the next five years who will use the EIC technology center, including software engineers, data scientists and cybersecurity specialists.”

The EIC will also house a $20 million Innovation Hub, as part of the Adelaide City Deal, with the ground floor to be an event and collaboration enabled area, accessible to the public and offering indoor and outdoor dining options.

The development of the EIC is further proof of Quintessential Equity’s commitment to Adelaide and its belief in the potential of the city. The company has invested hundreds of millions of dollars in several projects to date in Adelaide, including 100 King William Street, 431 King William Street and the Port Adelaide Distribution Centre.

Opening in mid-2024, the EIC will be the flagship building for lot fourteen in central Adelaide. The Innovation District has built a global reputation for excellence for its focus and culture of innovation, entrepreneurship, research, education, culture and tourism, with occupants such as Amazon Web Services, Google Cloud Services, Microsoft Azure, Australian Space Agency and Australian Cyber ​​Collaboration. Center.

/Public release. This material from the original organization/authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the authors.

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