Next step in the sale of Elizabeth Street Pier
- 03 Dec, 2019
Peter Gutwein, Treasurer
With the Tasmanian economy now the strongest growing in the nation it is expected the sale of Elizabeth Street Pier will attract competitive buyers.
As part of our Plan, the Hodgman majority Liberal Government will divest the waterfront Pier, and invest the proceeds back into other public infrastructure for the benefit of all Tasmanians.
In a positive step forward, following a competitive tender process, Knight Frank has been selected as the commercial real estate agent. Knight Frank Tasmania is a local firm with strong state and national connections.
The Government owns approximately 91 per cent of the Elizabeth Street Pier, which includes 56 serviced apartments, a conference centre, as well as other hospitality venues.
The waterfront site is simply not core business for the Tasmanian Government, and we believe it can be better utilised by others, while we invest in new projects which better serve the Tasmanian community.
Importantly, the wharf and apron area is not included in the sale and will remain in public ownership.
The official sales process will commence on Tuesday 10 December.