NEWS

Renewal SA offers flexible development opportunity with Bowden sale

Colliers International appointed to sell former warehouse for community use

A former industrial warehouse in the heart of Bowden will be sold as part of plans to make the precinct a commercial and retail drawcard.

Renewal SA  is selling the former warehouse known as Plant 3, comprising 1,122sqm of space, for adaptive reuse.

Colliers International’s Oliver Totani and Chet Al have been appointed to sell the unique site, which  will be a key component of the State Government’s flagship Bowden development.

“Plant 3 is part of a vibrant commercial, retail and community precinct that will service the 3,500 residents expected to live within its surrounds – but also act as a drawcard for people from the wider western suburbs,” Mr Totani said. “Plant 3 at Bowden provides a blank canvass for an imaginative user, with Renewal SA offering flexibility in zoning to ensure a favourable commercial or community-based outcome is achieved.

“Excitingly, Plant 3 will adjoin Plant 4, a former industrial warehouse of approximately 2,000sqm which is set to house a boutique 420sqm IGA supermarket and associated specialty retail tenancies. Both Plant 3 and Plant 4 sit directly opposite Bowden Park, the development’s central open space which will be completed in mid-2016."

The Bowden project is the transformation by the State Government, through Renewal SA, of the former Clipsal and Origin Gasworks site on the edge of the Adelaide CBD into a walkable community accommodating more than 3,500 residents and a workforce of more than 1,000 in a mixed used, high density built form.

The high quality residential and mixed use development project will feature: 
• Three to 12 storey buildings, with the majority being five to eight storeys. High rise apartment and commercial towers may also feature in the vicinity of Park Terrace and Port Road.
• A total of approximately 2500 residential dwellings consisting of terraces and apartments. 
• A ‘neighbourhood’ retail precinct, containing convenience retail, professional and personal services, leisure, food and hospitality with a total of approximately 6,000 – 8,000sqm (NLA).

Renewal SA project director for Bowden, Alicia Davidge, said the outcome for Plant 3 would complement the retail offering at the neighbouring Plant 4.

“Plant 3 is a building of character with a great history from its Clipsal days and presents a wonderful opportunity to be adaptively reused for a range of community or commercial uses,” Ms Davidge said.

“We want to see some innovative ideas put forward for the site that, combined with the retail offering –
by the Ceres Market Shed Group of Market Shed on Holland fame – in Plant 4, will attract people to Bowden and ensure it is full of activity during the day and into the evening.

“Ideas could include a fitness centre or gym, an art gallery or studio, function and performance spaces or innovative commercial and business offerings but we are very open minded so are keen to hear some creative ideas that make the most of the space."

Mr Totani said the Bowden retail precinct would be a unique retail offering in Adelaide, distinctive and local in scale but appealing to a wider audience due to the eclectic and original range of businesses calling the precinct home.

A former industrial warehouse in the heart of Bowden will be sold as part of plans to make the precinct a commercial and retail drawcard.  Renewal SA  is selling the former warehouse known as Plant 3, comprising 1,122sqm of space, for adaptive reuse.   Colliers International’s Oliver Totani and Chet Al have been appointed to sell the unique site, which  will be a key component of the State Government’s flagship Bowden development.

A formal Expressions of Interest campaign will close on February 18, 2016. For more information contact Oliver Totani (0412 808 743) or Chet Al (0413 104 002).

For more information please contact
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