Meeting papers

SERVICES & ORGANISATION COMMITTEE MEETING                                              8 JULY 2025


application. It is recommended Council agrees to enter into a commercial lease with Cova AI Pty
Ltd. in line with the above provisions.

Link to Corporate Plan

Theme: Prosperity
Securing a new tenant for this office space at the Peregian Digital Hub aligns with the theme of
Prosperity. By ensuring high occupancy, the Hub maintains its commercial sustainability as a Council
facility and contributes to the broader economic prosperity of the Noosa Shire by supporting the
growth of the digital and technology sector.

Theme: Excellence
High tenant occupancy demonstrates Excellence in Hub operations and management, ensuring the
facility remains a vibrant and attractive environment for technology businesses, fulfilling Council's
aim for advanced innovation and efficient use of community assets.


Previous Council Consideration
Nil.

Finance
The financial return posed by the new lease is as detailed above.

Risk & Opportunities
The prospective tenant's Co-founder has been a long-time member of Peregian Digital Hub. He is
an experienced entrepreneur with multiple startup successes. He has also contributed to the Hub's
programs in recent years, giving talks on AI, entrepreneurship and innovation. He is also an active
startup investor and mentor to other founders. Over the next 12 months, the prospective tenant aims
to hire 6-8 local full-time employees, with a longer term view of reaching 20-30 people over a three
year period. Therefore, there is potential to contribute to high value job creation in the region.


Human Rights
In developing this Report, the subject matter has been considered in accordance with the
requirements of the Queensland Human Rights Act 2019. It is considered that the subject matter
does not conflict with any human rights and supports a human rights approach to decision making
by Council. Council representatives will endeavour to act and make decisions under this report in a
manner that is compatible with human rights. This report should be read in conjunction with
Council’s Human Rights Policy.


Consultation
External Consultation - Community & Stakeholder

� Commercial Real Estate Agents - Colliers International
� Prospective tenants



Internal Consultation



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