Money New hopes after developer buys closed Holden factory site

02:07  16 december  2017
02:07  16 december  2017 Source:   MSN

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New jobs are on the horizon after a Melbourne developer revealed it had purchased Holden’s decommissioned Adelaide factory site.

Melbourne-based Pelligra has announced it has purchased the Elizabeth site, which it expects to spend $250 million redeveloping.

The more-than-100 hectare property will be converted into a new business park.

An estimated 400 jobs will be created during construction, with ongoing positions to follow once businesses move in.

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Jobs will range from food and beverage to defence, advanced manufacturing and logistics.

The first new tenants to move into the Holden site are expected to be made public in coming months.

While locals will have to wait 20 years before the redevelopment is completed, they’re hopeful it will be worth wait.

The news comes nearly two months after Holden closed its doors, leaving 950 employees in the lurch.

For now Holden will continue assessing the site for contamination, after paint solvents were found to have seeped into its soil.

The car manufacturer will also be using part of the site to store spare plants.

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Source: http://au.pressfrom.com/news/money/-49603-new-hopes-after-developer-buys-closed-holden-factory-site/

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