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Old October 22nd, 2008, 08:57 PM   #1
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#VISION: VS2 - 20 levels

Catholic Church eyes a sister project to VS1
17/10/2008 9:58:00 AM

The Catholic Church is gearing up for another big property investment to complement its Victoria Square Tower VS1.

The next step is rumoured to be VS2 – a 20-storey tower to the east of the Cathedral in Wakefield Street – which is being planned as the new headquarters of the SA Police Department.

The police are well known to want and need their headquarters to be in the immediate vicinity of the law courts and their old stamping ground of One Angas Street, just down the lane from Carrington Street where the police club and credit union are located.

The site currently houses a three-storey office development used by the Catholic Archdiocese with undercover parking which opened in 1987. It would be bordered on the east by the St Aloysius school for girls.

The SA Government has called for expressions of interest from the Adelaide property development industry and is believed to have at least 20 which they have narrowed down to a short list of three for the polic building.

The Trims site is thought to be in the mix as is the former RSL Headquarters now owned by Kerry Stokes – along with the Catholic Church which owns the site in Wakefield Street on which there are two-storey offices built in the eighties. The short list is expected to be made public by November 10.

VS1 cost $83 million to build and the fit-out cost $35 million for an all up investment of $118 million.

Property insiders are fearful that the Rann Government will again favour the Catholic Church by delivering them a large, long term tenant with a government-guaranteed upmarket rental for 25 years.

The VS1 site was sold by the SA Government to the Catholic Church for a price broadly and generally regarded as about half its market value, generating predictable claims of pork-barrelling by the government anxious to please the Catholic voters who make up 30 per cent of the SA electorate.

It is uncertain whether the new Police HQ, wherever located, will be regarded as essential or not by the Treasurer following his announcement to Parliament during the week that, unlike Rudd and Swan’s $10.4 billion jolt to the economy, Foley was thinking about freezing public spending in SA

http://www.independentweekly.com.au/...1/1336506.aspx
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Old October 22nd, 2008, 09:05 PM   #2
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Thats around 75-85 metres high, which will extend the skyline further out and be a major boast to the Wakefield Street precinct.

Interesting to hear about Trims, would not surprise me if they are looking at relocating somewhere around Rundle Mall. I'm good friends with one of the managers there, so I might ask him if he knows anything
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Old October 23rd, 2008, 01:58 AM   #3
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I thought a lot of our projects would have been cancelled in the wake of the economic down turn. It's great to see another with height, pop up! Any images?
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Old October 23rd, 2008, 12:44 PM   #4
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I reckon we're doing OK at the moment. Apart from Hills the rest seem to be steadily moving forward and I can't think of anything that's been officially cancelled.

**Touches Wood**

VS2 would look great on Wakefield. This one might be the first big DAC decision for the CBD too.
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Old October 29th, 2008, 10:09 AM   #5
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$38m police station for city

October 29, 2008 08:40am

A NEW $38 million headquarters for South Australia's police has been approved by state cabinet.

Tenders are proceeding for the headquarters, to be located near the Victoria Square legal precinct, Premier Mike Rann says.

The headquarters, to be completed by 2012, would have a five-star energy rating and cater for increasingly sophisticated police operations, he said.


The development will more likely cost over $100 million
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