Holden El­iz­a­beth site sold

Australian Muscle Car - - Muscle News -

Gen­eral Mo­tors Holden has an­nounced that a buyer for its El­iz­a­beth man­u­fac­tur­ing site in South Aus­tralia has been se­lected, fol­low­ing a six-month call for ex­pres­sions of in­ter­est.

The ma­jor­ity of the site is set to be de­vel­oped to be­come one of the coun­try’s largest busi­ness hubs, with Holden to re­tain the re­main­der to house its na­tional spare parts dis­tri­bu­tion out­fit and a Her­itage Cen­tre.

“A pre­ferred in­vestor/developer from in­ter­state has been iden­ti­fied for the prop­erty based on their long-term in­vest­ment strat­egy,” said Holden’s ex­ec­u­tive di­rec­tor of man­u­fac­tur­ing Richard Phillips. “They have a good per­for­mance record and abil­ity to de­liver a high- qual­ity out­come, with a will­ing­ness to work with lo­cal author­i­ties and the com­mu­nity.

“The site is to be trans­formed into a mas­ter-planned, in­no­va­tive busi­ness park, pro­vid­ing em­ploy­ment op­por­tu­ni­ties for new and es­tab­lished in­dus­tries such as re­sources, engi­neer­ing, lo­gis­tics, con­struc­tion, de­fence, food and bev­er­age and sales from both the lo­cal, na­tional and in­ter­na­tional mar­ket,” Mr Phillips said. “Re­new­able en­er­gies will be part of the master­plan.” The Her­itage Cen­tre will ac­com­mo­date iconic Lions, in­clud­ing the last-off-the-line mod­els, to recog­nise Holden’s man­u­fac­tur­ing pres­ence in the north­ern Ade­laide sub­urb since 1962.

The brand will un­der­take a de­com­mis­sion­ing process in the in­terim and has lodged a two-year en­vi­ron­men­tal de­con­tam­i­na­tion plan with the EPA. Both are ex­pected to be com­pleted by the mid­dle of 2019.

The con­tracts of sale for El­iz­a­beth are be­ing fi­nalised as we write and Holden will soon an­nounce the name of the pur­chaser along with fur­ther de­tails.

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