Adelaide’s 10 Gigabit project receives the required building registration target

ADELAIDE’S ultra-fast internet system has reached its building registration target — allowing it to be rolled out across the city and North Adelaide — months ahead of schedule.

Lord Mayor Martin Haese says the rollout of 10 Gig will mean Adelaide will be a world leader in internet speeds.

ADELAIDE’S super fast internet system will be rolled out across the city and North Adelaide well ahead of schedule, prompting claims it will increase city business and investment, and reduce vacancies.

The new 10 Gigabit Adelaide data network, an Adelaide City Council project delivered by TPG Telecom, has received its target of 1000 building registrations in nine weeks - six months earlier than expected.

A masterplan for the roll out of the $12 million project, which will create as many as 2500 new jobs and pump up to $76 million in the local economy each year, according to Uni SA analysis, is being finalised.

Lord Mayor Martin Haese said it would mean Adelaide would be a world leader in internet speeds, with key commercial players already espousing the values of the project to clients.

“Commercial real estate giant Knight Frank recently revealed its Adelaide office was constantly being asked about the network by potential investors when it was presenting interstate and in cities like Hong Kong and Singapore,” he said.

TPG’s group executive of corporate, government and wholesale Mark Rafferty said 500 businesses, in addition to the 1000 buildings, had registered their intent to join the network once it was deployed.

Cbus Property said the impending high-speed data network was one of the reasons it recently bought the former Planet Nightclub site on Pirie St.

The national director of leading commercial real estate company Colliers, Craig Shute, said he predicted more and more Adelaide CBD office space to be purchased because of 10 Gig.

“By our estimates with what we call new generation A Grade building stock, by 2020 there will be zero vacancies,” he said. “10 Gig Adelaide will draw people to the city … having the fastest and cheapest internet in the world makes Adelaide a real option now.

“You see those cities in America that giant companies have invested in and made their own … this just might be the piece that drags them here.”

Property Council SA executive director Daniel Gannon said the project milestone was a “green light for investment in Adelaide”. “It’s also a green light for potential tenants to start having conversations about and consider coming to Adelaide,” he said.

The connection – which costs $399 to install – will deliver data speeds roughly 100 times faster than the NBN and 400 times quicker than the Australian average.