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Major Moves: Urban Renewal, Oil Development, Pharma Expansion
Description
Adelaides Salisbury district is undergoing a major urban renewal project, with a $200 million investment for apartments, a parking garage, a supermarket, affordable housing, built-to-rent spots, hotel rooms, and business spaces. Santos Pikka oil development in Alaska is ramping up, with expectations of reaching 80,000 barrels per day by Q3. Mayne Pharma is expanding its operations, moving its Adelaide Apothecary to Kentucky to boost capacity and fill 2.5 million prescriptions annually. The Southwark Grounds development in Adelaide is adding up to 400 more homes, and Journey Beyond is acquiring the Kakadu Crocodile Hotel. Eldercare is also expanding, purchasing the old Coca-Cola bottling plant in Thebarton for a new aged care facility.
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