Port Adelaide is set to receive its largest major development commitment in 45 years with construction beginning today on part one of a new $25million Quest Apartment Hotel development on the waterfront.
Premier of South Australia, the Hon. Jay Weatherill MHA was on site today to perform an official turning of the sod ceremony alongside developer Hans Ehmann, Smith Group and General Manager (Brand) for Quest Apartment Hotels, Tony Gauci.
“The new Quest Apartment Hotel will be a great addition to historic Port Adelaide, one of our city’s great tourist experiences,” Mr Weatherill said. “The Port is gaining momentum and this project is a significant step towards the area’s transformation into a more vibrant precinct for locals and visitors.
“People staying at these apartments will be able to soak in South Australia’s colonial history, see dolphins in the Port river and experience the new weekend markets at Hart’s Mill.
“I congratulate Mr Ehmann, the Smith Group and Quest on their investment, one that will create jobs and economic activity in the heart of our Port."
Colliers International’s Jeevan Deut facilitated a pre-commitment from Quest for a circa 7,200sqm, five-level serviced apartment development. The standalone project will be constructed on a circa 3,500sqm site located in the Fisherman’s Wharf precinct in the heart of Port Adelaide.
Quest Port Adelaide will feature 103 apartments over five levels, comprising studio, one, two and three bedroom configurations. The development also includes on-site parking, a conference room and gym. The Quest property will be located at 106 Nelson St in Port Adelaide and is expected to open in September 2016.
Mr Gauci said Quest Quest Port Adelaide would provide much sought after, brand new apartment hotel accommodation for corporate travellers as well as leisure and business tourism traffic to the region.
He said Quest was thrilled to be part of the Port Adelaide development plan, with this growth reflecting the company’s strategy for expansion.
“Quest is committed to providing adaptable, superior accommodation options for business travellers in locations with potential for strong growth and high traffic,” Mr Gauci said.
“With over 7,000 industrial and commercial enterprises in the area and strong growth in the health care, defense, education and training, transport and retail industries, Port Adelaide is an ideal location for our seventh Quest property in South Australia."
Mr Deut said the historic port of Adelaide remained a critical commercial, industrial and transport hub for South Australia.
“Quest Port Adelaide will be situated in a highly visible location alongside the Birkenhead Bridge,” Mr Deut said. “This announcement by Quest marks stage one of a five-stage, half a billion dollar development. It will represent the first large scale tourist and accommodation commitment to the area and will bring a corporate edge and maturity to Port Adelaide.
“The commitment by Quest showcases business confidence in Port Adelaide as a major growth area. Not only will it be the first hotel of this calibre in the area, but it will also be the first significant commercial development in the precinct in many years."
Hans Ehmann, Managing Director of Smith Group, said Quest’s presence in the area would spark immediate interest and drive traffic to the historic shipping and industrial harbour.
“The Port of Adelaide is the last remaining central location that remains untouched,” he said. “This is a great day for the Smith Group, and an even greater day for Port Adelaide.
“This waterfront development presents an opportunity to transform the area from a historic, industrial shell to a contemporary, multipurpose urban arena with a strong local economy and promising activity complex.”