‘The Zones’ in Thriving Greater Springfield Commercial District Attracts Businesses

In the heart of the Greater Springfield commercial district, a new development called ‘The Zones’ is capturing the attention of businesses looking to secure their own premises.

With over 50,000 residents, 15 schools, 25 kindergartens, and key institutions like Health City and the University of Southern Queensland, Greater Springfield continues to flourish around the pillars of health, education, and IT in its 31st year as a master-planned community.

The project, which offers a mix of commercial spaces for purchase, is gaining significant traction with only five units remaining as construction progresses steadily towards its scheduled completion at the end of this year.

Developed by Springfield City Group, The Zones has already formed a diverse community of tenants, ranging from a café to a gym, creating an atmosphere that reflects the project’s mixed-use concept.

Mr. Sean Ranchigoda, a representative of Springfield City Group, emphasised the increasing demand for units that can be owned by small and medium-sized businesses.

“We developed Hub 23 in the same precinct with 10 units that were quickly snapped up. That was a warehouse-based complex, whereas The Zones provides a mix of options now being demanded by the market,” Mr Ranchigoda said.

Prices for The Zones’ units vary based on the type of space, with warehouses priced at $4,600 per square meter, showroom tenancies at $5,700 per square meter, and ground-floor office space at $6,500 per square meter. The units themselves range in size from 55 square meters to 296 square meters, catering to a broad spectrum of business needs.

The Zones
Photo Credit: Greater Springfield/Facebook
The Zones
Photo Credit: Greater Springfield/Facebook

“These projects are being developed every few years in this area to meet the demand,” Mr Ranchigoda explained. “And the demand is mostly coming from local buyers who understand the benefits of purchasing units compared with leasing.”

The Zones occupies a strategic location bounded by Technology Drive, Gateway Drive, and Success Circuit, offering three-street frontage that further enhances its appeal to businesses.

ICM Construction, the construction firm responsible for the development, has set a completion date for The Zones in November 2023. Springfield City Group, in partnership with Raine & Horne Commercial, is actively marketing the project to potential buyers.

Published 11-Sept-2023

Springfield City to Build First Hydrogen Energy Facility in Australia

An agreement to build Australia’s first hydrogen energy facility in Springfield City has been established between LAVO, the Sydney-based technology and lifestyle company, and property developer, Maha Sinnathamby. 

The $20 million deal will see 40 hectares of Springfield City, owned by the Springfield City Group (SPG), developed into a business park with a hydrogen energy plant.

Set to begin construction at the end of 2021, the facility is expected to create 200 local jobs. Once finished in early 2022, the plant will start production of the hydrogen fuel cells, which will bring in additional 50 jobs. The investment for this deal is projected to generate $30 million in annual revenues.

LAVO’s hydrogen energy storage system is sized like refrigerators with a 30-year lifespan and a storage capacity three times greater than other alternatives in the market. The energy company developed this technology as the “first and only commercially-ready” hydrogen energy storage system for homes and businesses in the world.  

Photo Credit: LAVO/Facebook

“I am pleased to welcome LAVO as a strategic sustainability partner to Springfield City and look forward to their support as we work towards producing more energy than we consume by 2038,” Mr Sinnathamby said in a press statement.  

“As our relationship grows, we look forward to exploring many more opportunities to apply LAVO’s innovative technology and expertise more broadly to deliver on our blueprint for a clean-green future.

“We will work closely with LAVO to identify co-development opportunities, including the integration of LAVO technology into utility scale solar farms developed in Springfield City.”

Springfield City has been planned as a green space using 100 percent renewable power resources with widespread electric vehicle (EV) charging stations and a hydrogen-powered bus network 

The agreement comes as hydrogen technology has been booming in demand globally, with an annual investment forecast of $150 million, which could grow to $2.5 trillion in 2050.