The Macquarie Point Development Corporation is calling for pre-registration of interest for the largest parcel of land the Corporation will take to market to date.

At 2.7 hectares, The District forms part of Tasmania’s largest urban regeneration project. Interest is being sought from proponents with the capability to deliver a world class, mixed-use precinct in accordance with the Macquarie Point Vision and Master Development Plan.

The District land release provides a rare opportunity for a large scale developer and/or consortia to be part of a premiere development initiative which includes three consolidated land parcels; The Gateway, The Promenade, and The Underground.

The Gateway is situated at the entry to Macquarie Point, offering street prominence with the potential to include visitor accommodation, an arts and cultural space, function centre and retail.

The Promenade offers a complimentary extension to The Escarpment, currently under negotiation, with the potential to include residential, visitor accommodation and commercial opportunities.

The Underground offers developers the opportunity to construct a centralised carpark to service The District and the whole of site.

The Corporation has engaged PwC Australia to act as the Corporation’s realtor to undertake the pre-registration of interest – part of a three-stage Competitive Bid Process.

​Developers and/ or consortia are encouraged to complete and submit a Pre-registration of Interest form here in order to receive a direct copy of the Corporation’s upcoming Request for Expressions of Interest (REOI) due for release prior to the second quarter of 2021.

​The pre-registration of interest process closes 5pm, Friday 16 April.

Media release – Michael Ferguson, Minister for State Growth, 17 March 2021

Next major land release for Macquarie Point – The District

Interest is being sought from proponents for Macquarie Point’s newest parcel of land ‘The District’, to deliver a world-class mixed-use precinct, as we continue seeing this waterfront urban renewal site come to life.

The Macquarie Point Development Corporation is calling for pre-registrations of interest for The District parcel, which is around 2.7 hectares. This provides a rare opportunity for a large scale developer or consortia to be part of a premiere development initiative, which includes three consolidated land parcels:

  • The Gateway,
  • The Promenade, and
  • The Underground.

Minister for State Growth Michael Ferguson said this land release comes off the back of the Premier’s State of the State announcement that the Tasmanian Liberal Government will provide $6.6 million this year for the Corporation to continue advancing the site’s development.

“This, along with around $71 million over the next three years, will bring this waterfront development to life much earlier than ever envisaged, supporting jobs and stimulating the economy,” Mr Ferguson said.

“This certainty will get the next development stage to market sooner, over the next three years in fact, providing the foundation for around half a billion dollars of investment to take place, so that this fantastic waterfront precinct can come alive for all Tasmanians to enjoy.”

Corporation CEO Mary Massina said: “The Gateway is situated at the entry to Macquarie Point, offering street prominence with the potential to include visitor accommodation, an arts and cultural space, function centre and retail.”
“The Promenade offers a complimentary extension to The Escarpment, currently under negotiation, with the potential to include residential, visitor accommodation and commercial opportunities,” Ms Massina said.

“And The Underground offers developers the opportunity to construct a centralised carpark to service The District and the whole of the site.”

The Corporation has engaged PwC Australia to act as realtor to undertake the pre-registration of interest – part of a three-stage competitive bid process.

Developers and/or consortia are encouraged to complete and submit a pre-registration of interest form in order to receive a direct copy of the Corporation’s upcoming Request for Expressions of Interest, due for release in the coming months. The pre-registration of interest process closes at 5pm, Friday April 16, 2021.

Further information and a copy of the pre-registration of interest form can be found at www.macquariepoint.com.

Media release – Michael Ferguson, Minister for State Growth, 16 March 2021

Bringing Macquarie Point to life sooner

The inter-generational Macquarie Point waterfront development will be brought to life much earlier than ever envisaged, supporting jobs and stimulating the economy along the way.

The Tasmanian Liberal Government is delivering an historic $5 billion infrastructure program across the state, underpinning 25,000 jobs and giving businesses the confidence and continuity they need.

A key part of this plan is supporting major investments like the TT-Line vessel replacements, as well as projects like the Macquarie Point development.

We will continue to take the opportunity to realise projects that are making a real difference to our state. Projects such as the Macquarie Point development, which has the potential to rival South Bank and other landmark waterfront precincts.

The Government will provide $6.6 million this year for the Macquarie Point Development Corporation to continue advancing the site’s development.

We will also provide around $71 million over the next three years, with the terms and conditions of the funding required to be worked through. It is expected that commercial land sales and other revenue will offset that amount in the longer-term.

Not only will this mean Tasmanians can enjoy this first-class waterfront precinct sooner, but it will provide jobs for the civil and commercial construction sectors.

This certainty will get the next development stage to market sooner, over the next three years, providing the foundation for around half a billion dollars of investment to take place, so that this fantastic waterfront precinct can come alive for all Tasmanians to enjoy.

Since the Corporation received approval for its masterplan in October 2019, it has undertaken more than 80 per cent of the site remediation, is negotiating with the two shortlisted developers for the first parcel of land ‘The Escarpment’, has built the road and supporting infrastructure, and has undertaken a range of pre-feasibility work for future stages.

This has all been achieved within the original grant deed funding.

While we have delivered these remediation works under budget, there is still more to do, and now is the time to accelerate this work and attract investment in our state.

I look forward to seeing cranes in the sky soon on this city shaping urban renewal project, the likes that Tasmania has not seen before.