Victoria Minister for Planning Matthew Guy
Bids Open For Last Land Parcel In Melbourne Docklands
Victor P Taffa
Minister for Planning Matthew Guy today called for Registrations of Interest (ROI) to develop the last remaining uncontracted land parcel in Melbourne Docklands.
The 2 ha site, with a prestigious Collins Street address, also includes a Flinders Street frontage and air rights above Wurundjeri Way.
Mr. Guy said the ability to provide such an exceptional opportunity for a mixed-use development so close to the CBD was one of Melbourne’s competitive advantages over other capital cities.
Mr. Guy said the sale of the last parcel of uncontracted land in Docklands underpinned the importance of the Baillieu Government’s vision for urban renewal opportunities such as the commitment to redevelopment of part of Fishermans Bend and Port Melbourne.
“Melbourne Docklands has played a crucial role in the economic resilience of this city and Victoria more generally. Already attracting $7 Billion of private investment and with a growing community of around 6,500 residents and 22,000 workers, the Docklands precinct is transforming into a major commercial hub.”
“Adjacent to Southern Cross Railway Station and neighbouring the sophisticated Media House building, this site will see the gap closed along Melbourne’s prestigious Collins Street and become a gateway development linking the historic CBD to Docklands.” Mr. Guy said.
The ROI process is being advertised internationally as well as within Australia. Those registering will be provided with expression of interest documentation, with the successful bidder expected to be announced early next year.
VicUrban’s acting CEO, Sam Sangster, who joined Mr. Guy today on an inspection of the site, said as master developer of Docklands VicUrban understood the enormous strategic importance of Docklands to Melbourne.
“At present around $1.57 Billion worth of commercial and residential development, totalling more than 260,000 square metres of Gross Floor Area, including more than 1,140 dwellings, is under construction in Docklands. This continued development will help see Melbourne Docklands become a world class waterfront destination, which is expected to have attracted in excess of $15 Billion of private investment upon completion.” Mr. Sangster said.
Registrations of Interest will close at 3 pm AEDT on 22 March 2011. Only those registered by the closing date will be eligible to submit an expression of interest.