Exploring the Investment Opportunity for a Little India Precinct Adelaide, South Australia AUGUST 2014

Statement of Acknowledgement Adelaide City Council acknowledges that we are located on the traditional country of the Kaurna people of the Adelaide Plains and pays respect to Elders past and present. We recognise and respect their cultural heritage, beliefs and relationship with the land. We acknowledge that they are of continuing importance to the Kaurna people living today.

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

Exploring the Investment Opportunity for a Little India Precinct Adelaide, South Australia August 2014

Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

Contents 1. Introduction................................................................................................................ 9 2. Adelaide.................................................................................................................... 11 3. Adelaide City Council.......................................................................................... 16 4. Investing in South Australia.............................................................................. 20 5. Little India – The Investment Opportunity.................................................. 23 6. Further Information.............................................................................................. 28

INVESTMENT BRIEF: LITTLE INDIA PRECINCT Adelaide South Australia

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

LORD MAYOR’S MESSAGE

Lord Mayor’s Message The City of Adelaide is undergoing an exciting regeneration. New infrastructure is going up at a rate unseen in the City’s history and a culture of innovation and community entrepreneurialism is emerging. Our reputation for liveability, and for being a vibrant tourist destination, is growing. More than ever Adelaide is an international brand of excellence in the business of cities. We are well on our way to becoming one of the world’s best small cities and this is your opportunity to be part of it. Exploring the investment opportunity for the establishment of a Little India in our City is an ideal way to enhance this vision and support our strong Indian community. More people are spending more time in the City of Adelaide and by investing in a Little India business could capitalise on this. I am an unashamed fan of India. Its food, culture, architecture and art are exquisite and this deserves celebration by our community. The sub-continent must play a central role in Adelaide’s future and on behalf of Council I am seeking partnerships to make this a reality. With the support of small and large business, the City of Adelaide is prospering. Please join us.

Stephen Yarwood Lord Mayor

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

DEPUTY LORD MAYOR’S MESSAGE

Deputy Lord Mayor’s Message Thank you for taking the time to consider the City of Adelaide as a place to invest. Our role as a Council is to support you, the investor, to flourish. We can provide you with a fantastic public realm and a smooth process, with as little red tape as possible. The benefits of establishing a Little India are threefold. I believe multiculturalism is one of Adelaide’s greatest strengths. A Little India would be an ideal vehicle for locals and tourists to celebrate Indian food and culture, and the significant contribution it makes to our City. India presents the City of Adelaide and South Australia with significant trade and investment opportunities. This initiative demonstrates our commitment to engaging with a highly valued global partner. A Little India would encourage more people to spend more time enjoying, eating, shopping and socialising in the CBD. Creating spaces where people want to spend time is my passion and priority to create a City that is alive and where businesses flourish. Thank you for considering this initiative and I look forward to your involvement.

Natasha Malani Deputy Lord Mayor

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

1: INTRODUCTION

1: Introduction A Little India precinct in the City will attract vibrancy and new experiences to a City that is already recognised as one of the great cities of the world to visit.

The Adelaide City Council has created a bold strategic plan for an exciting vision of Adelaide as ‘One City, Many Places’. Council’s strategies support the continuing growth of Adelaide as a uniquely liveable and prosperous City with an emphasis on encouraging community and business involvement in co-creation and facilitating investment. Council has specifically adopted a Placemaking Strategy in 2013 aimed at empowering communities and creating strong partnerships to develop unique districts and places that attract people and investment. Council has over a period of time investigated and sought to develop the concept of an Indian business and cultural precinct in our City. This briefing document outlines the investment opportunity to create an exciting new precinct in the heart of the City of Adelaide – a Little India. Council acknowledges the cultural and economic importance of India and the popularity of Indian films, fashion and cuisine and the growing Indian population in South Australia. In particular, the large number of Indian students has, and continues to, impact on the life, character and economy of the City of Adelaide. A Little India precinct in the City could add colour, depth and vibrancy to a City that is already recognised as one of the great cities of the world to visit (Source: Lonely Planet 2014) and the world’s fifth most liveable City (Source: The Economist Intelligence Unit). This briefing paper provides information on: • The City of Adelaide • The Adelaide City Council • Investing in South Australia • The Little India investment opportunity

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

2: ADELAIDE

2: Adelaide South Australia is a sophisticated, contemporary and affordable place to live, work and study. The capital City of Adelaide has all the hallmarks of a major urban centre with modern and classical architecture, a bustling retail and commercial hub and a multi-cultural population. New Yorker magazine once called Adelaide “the last well planned metropolis on earth” – and newcomers soon realise this. The City is highly accessible with wide streets and central squares fringed by 900 hectares of lush parklands. In every sense this unique layout sets the scene for modern-day life in Adelaide. Traffic is rarely congested accommodating cycling and walking, people are relaxed and friendly, the air is clean and the public transport system can take you to Adelaide’s white, sandy beaches or the Adelaide Hills within half an hour.

Fast Facts Capital City

Adelaide

State Population

1.6 million

Adelaide Population

1.2 million

Language

English

Currency

AUD$

Area

984,377 square kilometres

Coastline

3,700 kilometres

Major Exports

food, wine, metals, education

Because of its Mediterranean climate, Adelaide has warm dry summers and wet cool winters (no snow in Adelaide). Adelaide’s Climate SEASON

MONTHS

CONDITIONS

TEMPERATURE

Summer

December-February

Mainly hot & dry

25º C – 35º C

Autumn

March-May

Mainly dry

20º C – 25º C

Winter

June-August

Cool & wet

10º C -15º C

Spring

September-November

Little rain

20º C – 25º C

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China and India are emerging as South Australia’s most important trading, investment, immigration, tourism and education partners.

The Growth of China and India

Merchandise Exports ($m) 2,500

China

2,000 1,500 1,000

USA India

500

2008

14

2009

2010

2011

2012

2013

Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

2: ADELAIDE

Education and Training Adelaide can fairly claim to be Australia’s education City with tens of thousands of international students from China, India and South East Asia attending globally recognised universities which uniquely enjoy a campus presence in close proximity to each other in the City’s Central Business District. In the past decade the Government of South Australia, universities, Adelaide City Council and key education stakeholders have implemented a shared commitment to strongly positioning Adelaide as a study and investment destination in the global education marketplace. As a result, South Australia’s international education industry has enjoyed unprecedented growth significantly contributing to growing the life and economy of the state. In addition the heightened focus on developing sustainable employment pathways, lifelong learning and skilled migration has seen significant growth in South Australia’s Vocational Education Training (VET) sector. This has also contributed to the growth in international and domestic student numbers, most of whom are enrolled with City-based training providers. The VET sector is characterised by a diverse and quality course offer which has attracted many Indian students to Adelaide for career training. South Australian providers in this sector such as TAFE SA, Le Cordon Bleu and the International College of Hotel Management are recognised as international leaders in their field. The University of Adelaide Established in 1874, The University of Adelaide is associated with the five Nobel prize winners and 100 Rhodes Scholars. The university is one of Australia’s most research-intensive universities with strengths in bio-medical sciences, physical sciences, engineering, IT, food and wine and social sciences. The University of South Australia The University of South Australia is the state’s largest university and has a history of conducting research in partnership with industry. It enjoys the state’s biggest intake of international students, while its off-shore program is Australia’s fourth largest. Flinders University Flinders University is renowned for world-class research, science and student satisfaction. The university’s teachers regularly win awards for excellence, including the 2004 and 2006 Prime Minister’s Award for University Teaching. Flinders graduates have a higher full-time employment rate than the national average. Carnegie Mellon University Adelaide Carnegie Mellon is the prestigious American university offering world-class educational and research programs. It has an exceptional reputation for IT, business and public policy management. University College London UCL was ranked 4th in the world by the 2009 Times Higher Education Supplement and opened its new School of Energy and Resources in Adelaide in 2009. The university is a world-class research-focussed university with local strengths in resources and energy.

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Tourism Adelaide is a highly popular tourism destination with almost 2.5 million visits annually for a total of almost 15 million nights’ accommodation. As highlighted in the table below international visitors are a very important market segment consuming 50% of the annual accommodation nights.

International Visitor Origin to South Australia Year ending June 2013 Other Asia 9% India 3% China 7%

Malaysia 4% Total Europe 42%

Singapore 3% Hong Kong 3% Other Countries 5%

New Zealand 12% Total Nth America 12% Source: Tourism Research Australia, Canberra

As illustrated in the following chart international visitors are drawn from all parts of the globe with the Asian market representing a large and important segment.

Annual Visitor Summary June 2010-2012

Visits

INTRASTATE

INTERSTATE

TOTAL DOMESTIC

INTERNATIONAL

TOTAL VISITS

806,000

1,353,000

2,159,000

325,000

2,484,000

%

32%

54%

87%

13%

100%

Nights

2,039,000

5,339,000

7,378,000

7,401,000

14,779,000

%

14%

36%

50%

50%

100%

Average Length of Stay

2.5

3.9

3.4

22.8

5.9

DAY TRIPS

3,637,000

Source: Regional Tourism Profile 2010 – 2012

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

2: ADELAIDE

FIGURE 1– Map of Australia showing location of Adelaide

AUSTRALIA

South Australia

Adelaide

STATE POPULATION

1.6 million

ADELAIDE POPULATION

1.2 million

Flight Times from Adelaide INTERNATIONAL FLIGHT TIMES DARWIN 2620km / 3h 45m

BRISBANE 1602km / 2h 29m PERTH 2133km / 3h 9m

ADELAIDE

SYDNEY 1163km / 1h 57m MELBOURNE 654km / 1h 19m

Mumbai

11 h 53 m

New Delhi

12 h 21 m

Singapore

7 h 13 m

Hong Kong

9h

Kuala Lumpur

7 h 36 m

Tokyo

10 h 13 m

Beijing

11 h 11 m

Shanghai

9 h 51 m

London

20 h 42 m

Los Angeles

16 h 51 m

Dubai

14 h 11 m

HOBART 1164km / 1h 57m

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3: Adelaide City Council Introduction to Council The Adelaide City Council was founded in 1840 and is the oldest municipal authority in Australia. At the time of establishment, Adelaide’s and Australia’s first mayor, James Hurtle Fisher, was elected. From 1919 onwards, the municipality has had a Lord Mayor. The Adelaide City Council provides a broad range of services and infrastructure for the City’s residents and businesses that support the wellbeing and prosperity of the City’s community. As the capital City of South Australia, Adelaide is the dynamic heart of the state’s pursuits in business and commerce, arts and culture, retail, education and innovation.

Our Role in Investment Attraction A key strategic objective of Council is to attract investment to the City of Adelaide. Attracting investment will maximise long term economic growth, activate precincts and local areas, through cultural and business renewal and create a vibrant City. Council recognises the importance of inward investment which is sustainable in enriching the life, community and character of Adelaide. To support achievement of its objective, Council has a City Growth and Investment Program which is deeply engaged with all levels of 18

industry sectors at each juncture of the investment life cycle. City Growth and Investment achieves this through a case management approach to ensure investment opportunities align with client aspirations and business strategies. This includes access to established and emerging networks, productive political, business and media relationships, niche sector information and data sources, property solutions and links to relevant grants, sponsorships and incentives. This maximises opportunities for successful market entry and growth and ultimately outcomes that make a sustainable contribution to growing the economy and life of the City of Adelaide.

The Little India Concept Importantly, the Little India concept aligns with a number of Council’s strategic objectives for economic, local area, community and cultural renewal and development as well as current initiatives for City activation and placemaking. It is envisaged a Little India Precinct could have a mix of uses comprising cultural, commercial, community, services and niche activities of a scale that broadly reflects an Indian cultural identity while also serving the wider community. In particular Little India has the potential to provide student accommodation to all international students, visitor accommodation, Indian cafes and restaurants, Indian retailers and businesses/organisations

Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

servicing the Indian community – both residents and visitors. Potential opportunities for the Little India precinct include: • A prime destination for visitors wishing to access an Indian offer in events, celebrations, dining, fashion, goods, services and community and business links. • A prime destination for Indian visitors to Adelaide wishing to connect with the local Indian community in Adelaide – a cultural meeting place where they would feel at home while visiting South Australia. • Access for the resident Indian community to: o Community cultural/ representative associations and organising committees for events and community advocacy and assistance o Retailing of Indian merchandise (fashion, jewellery, home wares, groceries, confectionery, souvenirs) o Indian goods and services o Recreational and entertainment activities (cinema, performance, art, festivals) o Support services from government and consular agencies o Health services o Financial institutions and professional services

3: ADELAIDE CITY COUNCIL

o Travel services including visa and migration agency services and support o Education and training businesses for languages and vocation o Registered training and employment agencies catering for Indian business and skills recruitment. • A meeting place for Indian students that is attractive and easily accessible with Indian book stores, digital media, library services, live music, cinema and theatre activities. • A ‘seat of learning’ – a key location to support Indian academic pursuits by local universities and visiting academics or research institutes or agencies. • A prime location for student housing developed for but not restricted to the Indian market with information and referral services for students seeking private rental and dwelling support. • A prime event space for hosting cultural festivals, event launches, performances and gatherings that is highly accessible and conducive to wider street closures to cater for crowds, infrastructure and wider scale activities. As such it could feature as a venue for major Festivals and exhibitions - Adelaide Festival, Fringe, Adelaide Cabaret Festival, SALA, Writers Week, WOMAD, Tour Down Under, Indian film, art and music, etc.

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

3: ADELAIDE CITY COUNCIL

The concept for a Little India Precinct builds on the heightened social and political awareness of India as an important driver of economic and cultural influence. This is evidenced by the popularity of Indian films, fashion and cuisine and the growing Indian population in South Australia. In particular, the large number of Indian students has, and continues to, impact on the life, character and economy of the City of Adelaide. In 2011 there were: • 18,742 Indian born persons or 1.2% of the total South Australian population (an increase of 6,828) (Source: Australian Bureau of Statistics Census 2011.) • 415 permanent residents in the City from India. (Source: Australian Bureau of Statistics Census 2011.) • 5,224 Indian students in South Australia most of which study in the City but live in metropolitan Adelaide (Source: Education Adelaide.) India has now overtaken the United Kingdom as the number one source of permanent migrants in South Australia. While most reside, operate business or are employed outside the immediate City of Adelaide, they nevertheless provide a potentially significant population base on which to draw support (and investment) in developing a cultural and visitor destination in a central City location.

The Government of South Australia has also released the South Australia India Engagement Strategy aimed at developing ties with India and building a long term partnership in investment, trade and business activity as well as education, sport, culture, arts and sciences. The Premier of South Australia recently visited India with key industry and government representatives. Consultation on the Little India concept has been undertaken with representatives of the Indian community, relevant government agencies, commercial and industry groups and individuals with an interest in precinct and community development in the City. The response to the consultation has been positive with many common views on the cultural, economic and marketing benefits of a Little India precinct in the City. There are a number of City precinct areas, holdings, streets and laneways that have the potential to be developed in varying scales (and timing) as possible locations for Little India.

The Little India concept aligns with current Federal and State Government strategies which recognise the strategic importance of cultural and economic engagement with India. Both the Commonwealth and the Government of South Australia have sought stronger links and relationships with India.

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4: Investing in South Australia The Government of South Australia has introduced initiatives to ensure Adelaide remains an attractive City to invest in. More recently this has included changes to the planning regime for the City to allow greater height limits in parts of the CBD, to identify catalyst sites with greater height limits, and to free up some of the rules that have restricted development in the City.

• Introducing new or improved technology

The government has also reduced stamp duty on off the plan purchase of apartments to encourage people into apartment living and to encourage investment in the City.

Most business innovation and investment migrants enter Australia on a provisional visa for a minimum of four years and after satisfactory evidence of a specified level of business or investment activity, may apply for permanent residence.

Since these changes, development projects valued at more than $2 billion have been approved or are in the approval process. The South Australian Government also has a Business Innovation and Investment Program which is designed to increase entrepreneurial talent and diversify business expertise in Australia. It is positioned to target migrants that have a demonstrated history of success in innovation, investment and business and are able to make a significant contribution to the national innovation system and to the Australian economy. The objectives of the program are to contribute to the growth of the Australian economy by: • Generating employment • Increasing the export of Australian goods and services • Increasing the production of goods and services in Australia

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• Increasing competition and commercial activity • Developing links with international markets • Increasing the dispersal of business migrants across Australia through state and territory government sponsorship.

The Adelaide City Council is highly supportive of this program and welcomes inquires from prospective business innovation and investment migrants. Already a proven competitive place to do business, Adelaide offers many unique advantages to investors, developers and businesses.

Access to talent Ready access to a flexible, highly skilled and productive workforce, drawn from across the greater metropolitan area of Adelaide.

Convenient and accessible Affordability and liveability are some of South Australia’s key advantages in competing for investment and people. South Australia has historically been a national leader in housing affordability,

Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

and the government has sought to maintain affordability through housing incentives, utilities concessions and the deregulation of our energy markets. A dynamic and lively City environment offers staff ready access to services including shops, cafes, restaurants, entertainment and gymnasiums. People also have access to an excellent public service network enabling organisations to attract workers from across the entire metropolitan area. 6000 public transport services run to and from the City each and every day including trains, buses and a recently extended tram network.

Skilled workforce As a centre of education Adelaide also offers a range of vocational training supported by government initiatives to assist employers. The South Australian Government’s Skills for All initiative supports businesses by developing workforce skills. This includes financial assistance to employers for industry related training costs.

Easy to do business A commitment to reducing red tape and a focus on development and business means Adelaide offers a flexible development plan and fast planning approval processes.

4: INVESTING IN SOUTH AUSTRALIA

Free City WiFi Free Wireless coverage is provided throughout the City, boosting local economic opportunities and quality of life. City workers, students, tourists and visitors will have access fast and free WiFi across the CBD and North Adelaide – making it easier to work and do business in the City.

Access to decision makers A City-based business offers close proximity to government decision makers and a council that understands and supports business.

Council Support How can the Adelaide City Council support businesses? • Information on the City, its sectors, its precincts, demographic statistics and major projects • Identify accommodation options • Practical advice on business relocation • Business advice and support • Connection with potential business partners and other service providers • Assistance to identify grants and other funding.

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

5. LITTLE4:INDIA INVESTING INVESTMENT IN SOUTH OPPORTUNITY AUSTRALIA

5. Little India – The Investment Opportunity Purpose 1. The purpose of this document is to outline what and where a Little India could emerge. 2. For the purpose of this paper, the Little India concept is like Chinatown in Moonta Street, being a location where over time a number of land uses establish which have a specific cultural identity, in particular through the nature of the businesses operated.



are allowed to establish, as the below extract from the ‘Capital City Zone Desired Character Statement’ sets out:

The Development Plan provides a level of certainty for investment decisions.

6. The CBD area north of Wright/ Carrington Streets is zoned ‘Capital City Zone’ (see pink on Figure A). Within this area, a wide mix of uses



‘This Zone is the economic and cultural focus of the State and includes a range of employment,

Figure A – City Wide Map

3. This paper consists of three parts: a. Part 1: Where ‘Little India’ may be developed according to the Adelaide (City) Development Plan b. Part 2: Anticipated Growth in the Long Term c. Part 3: Where to Get More Information. Part 1: Where ‘Little India’ may be developed according to the Adelaide (City) Development Plan 4. The Adelaide (City) Development Plan provides a desired future for the City as a whole and how particular precincts within the City can be developed over time. 5. The Development Plan is the statutory policy by which planning authorities like Council’s Development Assessment Panel and the State Inner Metropolitan Development Assessment Committee make decisions regarding proposed land use and building developments.

Based on the Adelaide (City) Development Plan, the blue area would support a ‘Little India’ precinct, in particular in minor streets.

Based on the Adelaide (City) Development Plan, a ‘Little India’ Precinct would also be allowed to develop in this pink area.

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community, educational , tourism and entertainment facilities. It is anticipated that an increased population within the Zone will complement the range of opportunities and experiences provided in the City and increase its vibrancy. The Zone will be active during the day, evening and late night. Licensed entertainment premises, nightclubs and bars are encouraged throughout the Zone, particularly where they are located above or below ground floor level to maintain street level activation during the day and evening.

Non-residential land uses at ground floor level that generate high levels of pedestrian activity such as shops, cafés and restaurants will occur throughout the Zone.’

7. In particular, minor side streets are envisaged to be active, with many people and businesses operating: ‘Minor streets and laneways will have a sense of enclosure (a tall street wall compared to street width) and an intimate, welcoming and comfortable pedestrian environment with buildings sited and composed in a way that responds to the buildings’ context. There will be a strong emphasis on ground level activation through frequent window openings, land uses that spill out onto the footpath, and control of wind impacts.’

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8. Whilst the Development Plan is open to minor streets being developed with more activities and people, the Capital City Zone (refer to the Desired Character Statement of the Main Street Policy Area) is more explicit that the area around Gouger and Grote Streets (see blue on Figure A) continue with a Moonta Street Chinatown and that opportunities for new precincts be established.

‘Gouger and Grote streets will continue to develop as a colourful and active restaurant and shopping precinct which complements the liveliness of the Central Market and supports the retail, community,cultural and legal functions in this part of the City. ‘Chinatown’ around Moonta Street will be reinforced, and opportunities for new precincts, such as in minor streets and lanes, established.’ 9. The more detailed zoning for the Market/Gouger Street area is shown in Figure B.

10. The Central Market/Gouger Street area is within the ‘Capital City Zone’, meaning the Capital City Zone policies are relevant. Part of the area is in a ‘Main Street Policy Area’ and part within a ‘Central Business Policy Area’, meaning the more specific policy in these

Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia



Policy Areas apply in addition to the policies in the Capital City Zone. Note that the part of the Capital City Zone with no Policy Area means that the Capital City Zone policies still apply.

11. Across the area, a wide variety of land uses are able to be developed. Within the Main Street Policy Area (see Figure B), buildings are to be in the order to 6 storeys, and with moderately scaled built form to the street. Outside of the Main Street Policy Area, the height to which buildings may be able to be approved varies from 12 stories upwards. 12. As the Adelaide (City) Development Plan provides the statutory guidelines by which planning authorities make decisions regarding proposed land uses and buildings, the variety around allowable land uses and generous buildings heights provide a low risk environment in terms of planning approvals. That being said, as design quality is critical, enquiries should be made with the relevant planning authorities early in any process of property investment.

5. LITTLE INDIA INVESTMENT OPPORTUNITY

NORTH TCE

HINDLEY ST

KING WILLIAM ST

CURRIE ST

Figure B – Zoning around Central Market/Gouger Street Allowable height is 53 metres, which is around 15 storeys WAYMOUTH ST

The Central Business Policy Area has no prescribed height. Note allowable heights are based on airport operations (notionally 20 stories +)

53 FRANKLIN ST MORPHETT ST

Central Business Policy Area boundary

VICTORIA SQ

GROTE ST

(no policy area) CENTRAL MARKET

Main Street Policy Area GOUGER ST

Capital City Zone boundary

WRIGHT ST

Maximum Building Height (metres) within Capital City zoned land Note: Airport Building Height Restrictions Apply. Refer Map Adel/1 (Overlay 5)

GOUGER STREET

43 Allowable height is 43 metres, which is around 12 storeys

CARRINGTON ST

NOTE: this plan is based on Concept Plan Figure CC/1 within the Capital City Zone in the 30 January 2014 Adelaide (City) Development Plan

City Boulevards and Terraces Policy Areas of a ‘Main Street’ type

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Part 2: Anticipated growth in the long term 13. Investigations undertaken have identified that over the next 30 years, areas of the City will experience population growth at different rates. 14. ‘High growth’ areas are where the greatest amount of growth in density of population, activity and urban form is envisaged when compared to the City in 2013. ‘Medium growth’ is where reasonable amounts of growth are envisaged to occur. ‘Low growth’ areas are where there will be small levels of growth, mostly but not exclusively 1-2 storey dwellings.

16. More information around envisaged population growth, such as assumptions and the proportion of residential/commercial, is available in the Spatial Vision for the Future of the City. This Spatial Vision sits between the 30 Year Plan for Greater Adelaide and the Adelaide (City) Development Plan. Where to get more information • Adelaide (City) Development Plan • Spatial Vision for the Future of the City • Planning and Building Information www.adelaidecitycouncil.com

15. Whilst these investigations have informed long term planning, consideration of individual property investment options around a ‘Little India’ Precinct need to be mindful of short term market demand to underpin a decision to bring a development to the market.

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

5: LITTLE INDIA INVESTMENT OPPORTUNITY

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6: Further Information Queries Please direct queries to Mr Dominic Pangallo, City Growth and Investment as follows: • Office Location: Adelaide City Council Level 2, Colonel Light Centre 25 Pirie Street, Adelaide, South Australia 5000 • Mail: Adelaide City Council GPO Box 2252 Adelaide, South Australia 5001 • Telephone: + 61 8 8203 7593 • Mobile: +61 417 892 081 • Email: [email protected]

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Exploring the Investment opportunity for a LITTLE INDIA PRECINCT Adelaide South Australia

6: FURTHER INFORMATION

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25 Pirie Street Adelaide South Australia 5000 adelaidecitycouncil.com August 2014