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Kurraba launches Australia’s first-commercial life sciences campus

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20 June 2024

Kurraba launches Australia’s first-commercial life sciences campus

Sydney, Australia: Leading Australian life sciences and bio-medical property investment and development manager, the Kurraba Group (‘Kurraba’), is excited to announce the launch of Australia’s first commercial life sciences Campus, a $490-million development in the heart of Sydney’s emerging health and innovation precinct.
 
Just 2kms from the CBD, the strategically-located 26,000sqm development site at 100 Botany Road, Waterloo, will house hi-tech laboratories, knowledge workspaces, and the necessary infrastructure and facilities for professionals working in Australia’s rapidly-evolving life sciences sector.
 
The Campus will drive investment, productivity and high-growth across advanced medical and health sciences industries, creating a robust platform for local research and development (R&D) to be commercialised in Australia, strengthening sovereign capabilities and ensuring that valuable IP is not ‘lost’ off-shore. 
 
Overall, it will create a pipeline of 1,200 new jobs throughout the construction phase and ongoing commercial operations with c.1,700 jobs, with an on-flow of domestic manufacturing opportunities and other economic benefits to the community.[i]
 
Nick Smith, Chief Executive Officer, Kurraba said, 
 
“The team at Kurraba and our investment partners are delighted to be launching this exciting new development, which will be Australia’s first-ever commercial life sciences precinct.”
 
The Project recently achieved its first milestone with renowned global architecture and design firm Gensler, winning the NSW Government Architects Design Excellence Competition for the development, pointing to its focus on sustainability and strong ESG principles. Gensler’s design for the state-of-the-art facility is tailored to the unique needs of the life sciences sector, setting a benchmark for developments in the region. 
 
Ryley Poblete, Global Life Science Leader, Gensler said,
 
“This win is a representation of Gensler’s commitment to creating impactful research environments that drive positive future outcomes for life sciences ecosystems. This building will host scientists working on biologically-led solutions that enhance the quality of life and longevity of Australians and the global community.”
 
Kurraba is expected to lodge a State Significant Development Application (SSDA) for the Project in July, 2024 and contingent on planning approvals, construction could commence in early 2025.
 
See the Waterloo project on our website here
 
For all leasing enquiries, contact

Lachlan Clancy
Senior Development Manager
Kurraba.
 
E: lclancy@kurrabagroup.com
M: 0408 443 117

See the full press release here below.

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