Industry backs city precinct plan

Minister for Housing and Public Works Dr Bruce Flegg said the ROI process, which closed yesterday, was used to gauge the level of interest in the market for the construction of a new office building at 1 William Street.

“From the broad range of enquiries received, it is clear that there is a very high level of interest from industry players, both big and small, in getting involved in this exciting project to rejuvenate the Government precinct,” he said. “The registrations range from international consortiums and major Australian building firms through to smaller property developers.”

Dr Flegg said there would be further opportunities to attract private sector investment for commercial office space, retail, residential, hotel and entertainment facilities as the Precinct Plan progressed.

“Given the signs of economic stress in the building and construction industry, the Precinct Master Plan will provide a much needed stimulus, and I am pleased with the level of interest it has attracted.”