The next generation medical destination is comingto Adelaide’s Bio-Med City

16 May 2023

Colliers has been exclusively appointed to bring the next-generation medical destination to market for leasing, Bio-Hub Adelaide, situated within Adelaide’s Bio-Med City, on behalf of Australasian Property Developments.

The new state-of-the-art facility is nestled in South Australia’s world-class health and life sciences precinct with AI and data analytics capabilities. Bio-Hub Adelaide will bring leading providers together into a collective of health professionals, supporting healthcare innovation, social integration, and evidence-based practice.

Colliers agents Ian Sanders, James Young, Justin Hazell and Jeevan Deut are managing the leasing campaign of the 38,400 sqm NLA across three brand-new buildings comprising commercial, medical consultancy and medical laboratory, located within 350 metres of the proposed new Women’s & Children’s Hospital and 750 metres from the Royal Adelaide Hospital.

Colliers Head of Transaction Services, Asia Pacific, Ian Sanders, said, “Life science has grown incredibly fast in the past five years within the catchment area, which has increased demand for research in the immediate area for various fields by 21% – 72%.“

“Adelaide Bio-Hub will help meet the demand for elective surgeries within the catchment area which is currently experiencing an increase in wait times, generally well above state benchmarks, with a substantial increase in orthopaedic, gynaecology and paediatric surgery wait times over the last five years.”

Pep Rocca of Australasian Property Development added, “Bio-Hub Adelaide will benefit from connectivity to a significant pool of health and research infrastructure and related workforce, perfectly positioned to enable further expansion of Adelaide and South Australia’s medical and life science offerings.”

Being part of the Adelaide Bio-Med City precinct Bio-Hub Adelaide’s masterplan includes two to three-storey retirement living, townhomes, medi-stay, state of the art eight-storey medical laboratory, eight-storey medical, heathcare and consulting, and eight-storey commercial buildings, hotel and multi-storey car parking.

“Upon completion in 2026, Adelaide’s Bio-Med City will house over 2,000 researchers and 10,000 staff with a focus on improving health outcomes for patients through research translation,” said Mr Rocca.

Adelaide has become a centre for Australian medical experts in recent years, with several developments shaping the South Australian capital into becoming the leading medical epi-centre in the country.

Colliers Director Justin Hazell added, “From a viability perspective, the greater Adelaide Health Precinct features a considerable concentration of primary medical and allied health professionals, specialists, and surgeons, residing close to the future Adelaide Bio-Hub.”

“The catchment area holds the state’s only pediatric surgeons (100% of state total) and a significant portion of neurosurgeons (83% of the state total). It makes for one of Australia’s few advanced medical science centres,” Mr Hazell concluded.