Victoria to sell surplus train station land in Melbourne – MacroPlan in the press

Australian Financial Review
Larry Schlesinger
Tuesday, 18 March 2014

The Victorian government plans to sell surplus land around 10 Melbourne suburban train stations to private sector property developers, generating $1 billion in new investment for the state over the next three to five years.

Please click here to download the full Australian Financial Review article.

David Brown's article
Victorian Premier Denis Napthine…“These projects will create more than 3,000 direct project delivery jobs, with a further 5,000 indirect jobs.” Photo: Josh Robenstone
 

Sites at Jewell and Hampton have already been brought to market and one at Alphington is expected to be released for sale via an expression of interest campaign by the middle of the year.

The planned sale of government land was announced by Victorian premier Denis Napthine and Victorian Transport Minister Terry Mulder.

“Economic modelling undertaken by MacroPlan has shown that the 10 sites identified by VicTrack for potential development in coming years will facilitate more than $1 billion in investment opportunities over the next three to five years and $5 billion in economic stimulus,” Dr Napthine said.

More than 8000 jobs will be created during the construction phase and around 800 after completion.

TENDER TO PRIVATE SECTOR

The program will be delivered by VicTrack via a competitive tender process offered to the private sector.

The announcement was welcomed by the Property  Council of Australia, business leadership group the Committee for Melbourne and Consult Australia, representing consulting firms.

Please click here to download the full Australian Financial Review article.

MacroPlan
MacroPlan’s experienced and qualified economists align their understanding of macro-economic forces with micro-economic variables such as geographic and industrial characteristics, demographics, labour market shifts, resource demand and commercial realities.  Contact David Brown, General Manager for Victoria  today to discuss your property research requirements.

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