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10 Gig Reasons to Invest in Prospect

City of Prospect has joined the international GigCity network. It connects Prospect at gigabit speeds to the global GigCity network.

Minister for Industry and Skills, David Pisoni officially launched the GigCity network on Wednesday, 12 September at Palace Nova Cinema Complex on Prospect Road.

New Prospect Economic Analysis identifies strong growth in lifestyle businesses and knowledge workers. 

“We were one of the first councils to recognise the importance of emerging technologies and the positive impact they have on our community and its local economy. The GigCity Network will be essential to attract high end, data intensive businesses, such as defence and multimedia,” said Mayor David O’Loughlin.

Innovation Precinct

Prospect Road now has the essential ingredients of a Prospect Innovation Precinct, building on the success of the existing co-working spaces on Prospect Road.

It includes the new Council offices, Community Hub Library and Innovation Centre (CLIC) and 96 Prospect Road (office space above the cinema complex).

The Prospect Road Innovation Precinct consists of four anchor sites:

  • CLIC (Council) at 128 Prospect Road
  • Little City co-working studio at 118 Prospect Road
  • Business Hub serviced offices at 110-112 Prospect Road
  • Palace Nova Cinema and offices at 96 Prospect Road

The GigCity network has now come to Prospect. The State Government project will deliver ultra-high speed internet to businesses.

For more information on the GigCity network go to https://gigcity.com.au/

GigCity is underpinned and powering by SABRENet, while Escapenet has been engaged by the Government to roll out the network to individual precincts.

SABRENet is a not-for-profit arm of the universities, but has recently changed its constitution to enable it to connect to innovation precincts, like Prospect.

10 Gig Reasons to Invest in Prospect 

10 Gig Reasons to Invest in Prospect is our new Investment Attraction Strategy. It is about how we are making the shift from an apartment-led revitalisation to both apartment and commercial development.

GigCity is a big part of that shift, but it is also the high amenity of Prospect that we have that will attract companies and knowledge workers.

Prospect now has the data speeds, talent pool in Adelaide and the eastern suburbs, the coffee and the lifestyle. We look forward to your investment in our new Innovation Precinct.

There are the four commercial sectors that the Investment Attraction Strategy will focus on:

  1. Health Sector – Corporate Office location
  2. Technology Advertising Media and Information (TAMI)  - Great location for new media
  3. Defence/Security– cross roads of Northern Adelaide and Maritime Precinct
  4. Apartment Development –  Best housing and apartment opportunities in SA

From more information on the GigCity network or our Investment Attraction Strategy and new documentplease contact Director Business and Innovation Chris Hannaford on 08 8269 5355 or email  admin@prospect.sa.gov.au 

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