Green Light for Red Zone Innovation Hub

MEDIA RELEASE
22 December, 2011

Green Light for Red Zone Innovation Hub

The EPIC project team is very pleased to announce that the Sanctuary campus project has today received a provisional green light enabling the project to get underway. This has been the culmination of nine months hard work by many parties.

The Silicone Valley style business innovation hub will be built at the edge of the Red Zone and has been designed to stimulate the growth of high innovation SMEs in central Christchurch.

Summary Outcome
• 17 ICT companies will share the campus based on Manchester St, between Tuam and St Asaph Streets, the site previously known as the Para Rubber site.
• The Christchurch City Council has generously provided the land at no cost for five years and provided fantastic support to the project.
• BNZ has provided flexible project financing and also leveraged an insurance solution into the site. BNZ will also have naming rights for the campus.
• Timbercore has been selected to build a large Wooden Span building, with a mezzanine floor.
• The build process is expected to start in February, with a target go live of June 1st 2012.
• Octa has been selected for the Project Management role.

BNZ CEO Andrew Thorburn says, “We’re delighted to support this game changing project for business in Christchurch. The campus’ focus on stimulating economic development in the innovation and SME sector will be a fast track return to growth for Christchurch.”

Project Support
Colin Andersen, executive director Effectus Ltd says, “We are extremely grateful to the organisations that have provided hundreds of hours of free time and professionals services into this project. Without their efforts the project would have died off months ago.”
Supporting organisations include: Duncan Cotterill, Warren & Mahoney, Colliers International, Canterbury Development Corporation, Octa, Timbercore, Deloitte, PWC, Industrial Research and Cera.

Tenant Listing
1. Astron Media
2. Brush Technology
3. Cerebral Fix
4. Concentrate
5. Effectus¬
6. Fraame
7. Hand Multi-media
8. Industrial Research (IRL)
9. Left Click
10. Memia
11. Paua Productions
12. Pilot Consulting Group
13. RPM Retail
14. SLI Systems
15. Spore Tools
16. Stickmen Studios
17. Treshna Enterprises

Ends

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