Particle.news
Download on the App Store

Port Adelaide Unveils Alberton Square Plan After Completing 20,000sqm Land Buy

The move shifts the club toward property-backed income to secure its long-term base at Alberton.

Overview

  • The club has assembled 26 adjoining properties totaling almost 20,000 square metres beside Alberton Oval for a mixed-use precinct branded Alberton Square.
  • An initial $20 million funding package includes $10 million from the AFL and $10 million from a 20-member trust led by chairman David Koch, with the league yet to decide on any further backing.
  • Port Adelaide will commence a formal South Australian Government planning application, with parts of the site requiring rezoning before development can proceed.
  • At its upcoming AGM, the club plans to report about $70 million in balance-sheet assets following the land acquisitions.
  • Stage-four works at Alberton Oval are underway, including new AFLW changerooms, administration facilities and a 6,500-seat eastern grandstand, with member and community briefings scheduled for March 16 and March 23.