Briefcase: Business snippets from a multimillion-dollar community hub to a new aged care facility
In this week’s briefcase, the state’s farming community get approval for stronger mouse bait, and 400 extra homes are set to be built at the former West End Brewery site.
- Major urban renewal project gets underway
- Santos announces Alaskan oil production
- Mayne Pharma plans expansion to new Kentucky facilities
- Southwark Grounds to see extra homes built
- Journey Beyond acquires outback hotel
- Former Coca-Cola site purchased by Eldercare
- SA farmers to access stronger mouse baits
- Amplitude Energy receives $2.5m in government funding
Major urban renewal project gets underway
Work is underway on the creation of a new multimillion-dollar community hub in Adelaide’s northern suburbs.
The old Len Beadall library in Salisbury is being demolished to make way for a new housing development as part of the $200 million Salisbury City Centre.
The urban renewal project, to be carried out by Buildtec and Catcorp, will include more than 50 residential apartments, a multi-deck carpark, a supermarket and affordable housing.
There will also be built-to-rent accommodation, short-term hotel accommodation, retirement living, and retail, office and commercial spaces.
“The redevelopment will completely reshape our city and boost the local economy, attracting new businesses, growing existing businesses and creating hundreds of local jobs,” Salisbury Mayor Cillian Aldridge said.
Santos announces Alaskan oil production
Santos has announced that the Pikka development, located on Alaska’s North Slope, has begun to produce oil. Santos owns a majority stake in the development with 51 per cent, while their partner Repsol controls the remaining 49 per cent.
The Pikka phase one project is expected to initially ramp up to a gross 20,000 barrels per day over the next few weeks and reach a production plateau of 80,000 barrels per day during the third quarter.
Santos said 28 development wells have been drilled so far in the area, with 21 of these having been stimulated and flowed back as anticipated.
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Santos Managing Director and CEO Kevin Gallagher said that Pikka was a tier-one asset that Santos would continue to manage in a careful and disciplined manner.
“As we now take Pikka phase 1 into operations, we are transitioning from project execution to our disciplined, low-cost operating model which will maximise the project’s value for our shareholders for the long term,” he said.
Mayne Pharma plans expansion to new Kentucky facilities
Adelaide-based firm Mayne Pharma has announced it is moving its Adelaide Apothecary to a new location in Lexington, Kentucky.
The new facility was expected to commence operations in early 2027 and would be around four times as large as its current Lexington space.
With headquarters located in Salisbury, the firm operated Adelaide Apothecary primarily in the United States, with the new development expected to increase its annual capacity to 2.5 million prescriptions per annum.
Mayne Pharma CEO Aaron Gray said the expansion would improve both patient access and the company’s net sales.
“The expansion of Adelaide Apothecary is a direct expression of our confidence in the Mayne Pharma disintermediation strategy led by DistributeRx and our commitment to significantly reduce friction that exists for patients across the pharmacy distribution and reimbursement system in the US,” he said.
Southwark Grounds to see extra homes built
The South Australian government has announced that the Southwark Grounds housing development will soon see an increased capacity of up to 400 extra homes.
The development is located on Port Road at the former West End Brewery site, with the latest announcement expected to increase the site’s capacity from 1300 to around 1700 dwellings.
Minister for Planning Nick Champion signed the Southwark Grounds Code Amendment to enable this change by raising maximum building heights for the development.
He called Southwark Grounds a great opportunity, saying the state government was “not going to squander it”.
“South Australians deserve a government that will come up with bold, ambitious solutions to increase housing supply. That means building up in the right locations – close to the city, close to transport and close to jobs – and making a real and lasting impact on the housing challenge facing South Australia,” Champion said.
Journey Beyond acquires outback hotel
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Adelaide-headquartered tourism group Journey Beyond has announced that it has entered into an agreement to acquire the iconic Kakadu Crocodile Hotel.
Set to be finalised in early June, this upcoming acquisition will join Journey Beyond’s existing resources in the Northern Territory, which include The Ghan and Ayers Rock Resort.
The unique hotel within the UNESCO World Heritage-listed Kakadu National Park is built in the shape of a crocodile and has 110 rooms in addition to other facilities.
“With significant investment planned for the property, we look forward to building awareness and growing demand whilst honouring its heritage and delivering the exceptional experience and quality that our guests expect,” Journey Beyond CEO Chris Tallent said.
Former Coca-Cola site purchased by Eldercare
The former site of a Coca-Cola production facility in Thebarton has been sold to aged care provider Eldercare.
The property sold for approximately thirty per cent above market expectations, with 11 formal offers made, with Eldercare confirming the new residential aged care facility will hold 160 to 200 beds.
Coca-Cola was first manufactured at the facility in 1952, with the last bottles produced there in late 2018.
“With growing demand for residential aged care, this investment will enable Eldercare to expand access to high-quality services for older South Australians,” Eldercare chief executive Jane Pickering said.
“We will deliver a contemporary, fit-for-purpose facility that supports individualised care through our best-practice model, while helping to ease pressure on the sector.”
SA farmers to access stronger mouse baits
The Australian Pesticides and Veterinary Medicines Authority (APVMA) has announced that SA farmers in heavily mouse-affected areas will be permitted to use stronger mouse baits from now until December 15.
The move comes amid CSIRO reporting of mouse population increases, especially across the Adelaide Plains and Yorke Peninsula.
Farmers will be required to complete a short online training course and correctly report baiting details to maintain access to the stronger baits.
“This is a time-sensitive issue and GPA have been dedicated to working with the APVMA and industry to establish practical permit conditions that balance access to stronger pesticides with safety, environmental and trade considerations,” Grain Producers Australia Research Development and Extension spokesperson Andrew Weidemann said.
Amplitude Energy receives $2.5 million in government funding
Amplitude Energy will receive $2.5 million in funding to support its East Coast Supply Project to increase gas processing capacity at its Athena Gas Plant.
It is the final stage of the $17.5 million South Australian Gas Initiative by the state government to boost gas supply and capacity in SA.
The state government estimates the initiative could deliver over 20 petajoules of gas into the SA market, helping to put downward pressure on prices.
“Amplitude Energy is an SA-headquartered energy company servicing the domestic gas needs of the east coast and southern markets,” said Minister for Energy and Mining Tom Koutsantonis.
“Support from the SA Gas Initiative will help not only bring new gas supply to South Australia, but more broadly to the east coast and southern markets of Australia.”
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