Saturday, 29 May 2021, 6:14 am
Remarkables Park Limited has welcomed the
Government’s strategic support into stage one of a new
Research & Innovation Queenstown hub, announced
today.
The Government has announced it will
lend up to $22.5 million to Research & Innovation
Queenstown Ltd (RIQL), a subsidiary of Remarkables Park
Limited, to contribute to the development of stage 1 of a
$45m greenfield hub called Research & Innovation
Queenstown. RIQL will match the Government funding towards
the development costs, plus fund adjacent roading and
services costs.
The first building will provide
approximately 6000sq m of research and innovation offices
and facilites, as well as commercial uses at Remarkables