When innovation hubs meet collaboration, world class precincts emerge


As the implementation of the OECD Innovation Strategy 2015 continues to roll out, the contribution of innovation activity is growing and now contributes as much as 50 per cent of new economic growth in developed countries.

A key driver of innovation has been found to be collaboration between business, research and knowledge institutions, particularly universities, which has made industry-university engagement a priority for governments.

Physical proximity has been shown to play a role in promoting interaction, commercial outcomes and levels of innovation. As a result, there is a push towards development of ‘university precincts.

While this geographic clustering is being formalised in government policies, the ACT has prided itself on being ahead of the curve in terms of facilitating cooperative interaction between its commercial, research and education organisations.

Canberra’s City West, which is adjacent to the internationally recognised Australian National University (ANU), has long been a hub for knowledge-based industries, think tanks and government departments.

With soon to be available office space for lease in the City West precinct is the six-storey A Grade office building Childers Square, which is prominently located on the corner of Childers Street and University Avenue and in the heart of one of the ACT’s emerging university precincts.

“Connectivity with others is not the only links available for the new tenants of Childers Square,” Colliers International Office Leasing Executive, Caleb Brinton said. “It also has exceptional active transport connections. Childers Square is located near the City West bus interchange and the future Stage 2A of the Canberra Metro light rail.

“There is also an abundance of tenant amenity from ground floor retailers as well as a short walk to some of the best retail precincts in the city such as NoName Lane, University Avenue cafes and restaurants as well as ANU’s Kambri village.

“With the concept of university precincts becoming more established, this is an opportunity for a business to secure this key location before it becomes even more in demand.”

To learn more, visit 14 Childers Street, Canberra City