Car maker Holden has selected a development group to buy its manufacturing site in Adelaide's north.
The company says the interstate developers were chosen on the basis of their long-term investment strategy, including plans to turn the precinct at suburban Elizabeth into an innovative business park.
Holden will also retain an interest in the site with a spare parts operation and a proposed heritage centre after the assembly lines close later this month.
It will reveal the name of the buyers once contracts are finalised.
"They have a good performance record and ability to deliver a high-quality outcome, with a willingness to work with local authorities and the community," Holden's executive director of manufacturing Richard Phillips said on Thursday.
"The site is to be transformed into a master-planned, innovative business park, providing employment opportunities for new and established industries.
"Renewable energies will be part of the master plan."
Holden will build its last cars at Elizabeth on October 20, ending 55 years of car assembly on the site.
It will then begin a decommissioning process that will extend to mid-2019.
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