The Urban Developer
AdvertiseEventsWebinarsUrbanity
Industry Excellence
Urban Leader
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Urban Leader Awards Logos RGB White
NOMINATIONS CLOSE SEPTEMBER 12 RECOGNISING THE INDIVIDUALS BEHIND THE PROJECTS
NOMINATIONS CLOSING SEPTEMBER 12 URBAN LEADER AWARDS
LEARN MOREDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
11
print
Print
OtherPatrick LauFri 25 Nov 22

Bio-Med Company to Build $352m Facility in Qld Precinct

bio med springfield qld

Greater Springfield’s BioPark Australia precinct has announced its first new resident, with plasma therapeutics company Aegros planning to establish a $352-million manufacturing facility.

The advanced facility will produce therapeutic blood products derived from plasma, and will help anchor the region’s pivot to attracting biomedical and other science and engineering companies.

“This new facility will be the first project delivered as part of the new BioPark Australia precinct,” Springfield City Group chairman Maha Sinnathamby said.

“Dedicated to attracting industries across commercial, education, health, innovation technology and lifestyle sectors, we envision that other biomedical and innovative companies will soon join Aegros here in Greater Springfield.”

Queensland Treasurer Cameron Dick said the move would “bring more good, highly skilled jobs for Queenslanders,” including during the construction phase.

“Once Aegros has secured all necessary approvals and finance, the two-year construction will support an estimated 230 jobs,” Dick, who is also Trade and investment minister, said.

Currently based in Sydney’s Macquarie Park, Aegros executive chair Professor Hari Nair said the company was wooed to move by support from the state and local governments.

“The support of the Queensland government’s Invested in Queensland program and Springfield City Group has been invaluable to Aegros in moving forward with this project here in Queensland,” he said.

Speaking to The Urban Developer, Prof Nair explained the logic behind the expansion for the 30-year old company.

“The current plan is to have a fully operational facility [in Springfield] by 2025. We are working together at the moment with the Springfield Group. They are our development partner.”

Aegros will maintain its existing manufacturing capacity in Sydney, but could not ignore “the ability to use Queensland infrastructure, so we can gain access to things like their logistics planning”.

 Aegros chair Professor Hari Nair and managing director John Manusu.
▲ Aegros chair Professor Hari Nair and managing director John Manusu.

Aegros raised $50 million in capital over two rounds in October, in part to expand production at the Macquarie Park facility.

Prof Nair said that Aegros is working to integrate a private investor, as well as planning an ASX listing in the second half of 2023.

The company is open to approaches on other property deals, according to Prof Nair.

“We’re always looking out for synergistic business opportunities, and if you’ve got some interesting ideas, we’re very happy to talk to you.”

Recent years have seen federal and state governments, and superannuation and other institutional funds, targeting life sciences as a key industry as well as a property play.

Greater Springfield planning strategy targets scientists

A 2021 report by consultancy RPS Group estimated that the Greater Springfield area held 4200 engineers, scientists, and ICT professionals. 

That number is expected to balloon to more than 5000 by 2026, and over 7000 by 2036.

The city’s planning strategy is targeting companies in research and advanced manufacturing.

Biomanufacturing company Cytiva received $12.5 million in support in the October Federal Budget to expand nearby facilities in the Springfield BioPark.

A $15-billion Knowledge Precinct will cover 120ha, approved for more than 1.2 million square metres of commercial space and more than 5000 apartments.

The area has been identified as a growth corridor, with the state government planning nine new rail stations on a line to Ipswich.

IndustrialAustraliaPlanningTechnologyConstructionConstructionSector
AUTHOR
Patrick Lau
More articles by this author
ADVERTISEMENT
TOP STORIES
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
Woolloongabba Precinct Vulture St
Exclusive

Brisbane Developer in Cross River Rail Compensation Tussle

Clare Burnett
4 Min
The Mondrian Gold Coast hotel's food and beverage is driving profits
Exclusive

Touch, Taste, Theatre: What’s Driving Mondrian’s Success

Renee McKeown
6 Min
Fortis’ display suites are designed as brand environments first, with tactile details and curated design to build buyer confidence before project specifics.
Exclusive

Relevant or Redundant: Will Tech Kill Display Suites?

Vanessa Croll
7 Min
Exclusive

Missing Heart: Why The Gold Coast Needs a CBD

Phil Bartsch
7 Min
View All >
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
The two towers, of 35 and 34 storeys, help cement the SA capital’s growing status as the best place in Australia for the…
LATEST
Aerial view of Caboolture and Bruce highway to Brisbane with Bribie Island Road crossing, Queensland, Australia
Policy

Queensland’s $2bn Push Opens New Housing Front

Vanessa Croll
2 Min
JQZ Parramatta EDM
Residential

JQZ Plots 10-Storey Addition to Parramatta ‘Auto Alley’ Plans

Clare Burnett
3 Min
The Adelaide purpose built student accommodation market is about to increase by 1058 beds with the State Commission Assessment Panel supporting two towers in the making.
Student Housing

Highrise Approvals Add 1000-Plus PBSA Beds in Adelaide

Renee McKeown
3 Min
Stockland bumps up its apartment pipeline in melbourne and sydney
Exclusive

Stockland Re-Enters Density in $5bn Apartment Play

Renee McKeown
4 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/bio-medical-queensland-springfield-aegros-manufacturing-deal