Ad Astra Innovation Hubs · Cremorne, Victoria
Bed to bench in 2 minutes.
200 suites on top of the labs, the machine shop and the compute at 51-57 Cubitt Street. 400 Fellows live upstairs and build downstairs, with the tools to take an idea from model to machine.
Why it exists
For the ones who were going to build it anyway.
Universities want a supervisor’s name on it. Venture capital wants a result before the cheque. Ad Astra is the third path: patronage. The building houses and feeds its Fellows, hands them the equipment and takes a share of what comes out.
Each Fellow gets a room, 3 chef cooked meals a day, the labs, the machine shop, the compute, a Silicon twin for the admin and a company in their name from day 1.
The building
Street to rooftop, 8 zones.
Most places spread the lab, the workshop and the people across a campus. Here it is stacked, and the lift is the commute. Structure, services and acoustics are set by the work: lab loads low, quiet in the tower, power and cooling sized for the compute to grow.
Built by Terraform
A machine for making things, with beds in it.
Ad Astra is a Terraform World. The suites are made in the Terraform factory as Building Blocks, finished in the factory and assembled on Cubitt Street, the same system that builds the villas at Om.
Cremorne is half a square kilometre of brick warehouses between the Yarra and Richmond station, with more engineers per hectare than anywhere in the country. Richmond station is a short walk and the Church Street tram passes the door.
Selection
Builders only. 1 written application.
A view your field does not hold and the evidence for it, a record of building before anyone paid you, and something big to go after. Someone who can judge the science reads it. 2 weeks to an answer. 400 places a year.
For investors
A room, $1,500,000, 12 per cent a year.
Buy a room at the research institute. It is a chattel, yours outright. Ad Astra leases it from you for 25 years and pays you $180,000 a year: a 12 per cent return, paid annually, hedged against inflation. Press play for the investor film, then read the numbers.
111 seconds. Sound on.
Price
$1,500,000 a room
A chattel at 51-57 Cubitt Street, Cremorne, 1 of 200, with a registered 25 year lease of the space. Bought through a company, a trust or a self managed fund.
Rent
$180,000 a year
A 12 per cent return, paid annually, hedged against inflation: the price tracks the Consumer Price Index, so the rent holds its value for 25 years. $4,500,000 over the term, in today’s money.
Tenant
Ad Astra, 25 years
Ad Astra leases the room from you the day you settle and pays you full or empty. You own 1 room with 1 tenant. Nothing to run.
Where it comes from
Government research funding, one step removed
The research and development tax incentive refunds the research companies inside, they pay Ad Astra for the labs, and Ad Astra pays you. The fee is ruled eligible.
Ad Astra Cremorne is a trading name of Cybertower Pty Ltd, Australian Company Number 659 318 475. Rooms are sold to companies, trusts and self managed funds, not to individuals in their own name. Nothing here is an offer of a financial product, a recommendation or personal advice. The contract pack goes to you and your adviser before you exchange. Obtain your own legal, tax and financial advice.