Global interest expected in Derwent Entertainment Centre site sale

A sale of Glenorchy’s answer to Macquarie Point is predicted to attract national and international interest.

The sale of the Derwent Entertainment Centre is expected to attract national and international attention.

A SALE of Glenorchy’s answer to Macquarie Point is likely to attract national and international interest, the Property Council says.

Glenorchy City Council is considering selling the Derwent Entertainment Centre and surrounding waterfront land at Wilkinsons Point as part of a package deal to attract a game-changing development to the city.

COUNCIL BOOSTS RIVERFRONT SALES PITCH

Experts advised council to consider going to the open market with the DEC and Wilkinsons Point in one go.

Property Council Tasmania executive director Brian Wightman said he was confident the prime 16ha riverfront site would attract interest nationally and internationally.

“The site presents exciting opportunities for potential investors,” Mr Wightman said.

At Monday’s Glenorchy City Council meeting aldermen unanimously voted to start the process to sell the prime riverside land.

Glenorchy Mayor Kristie Johnston said offering the site as a whole gave the council the best chance at attracting a suitable major project.

The decision last year to sell the DEC was met with a mixed reaction from the Glenorchy community, with a petition containing more than 1000 signatures objecting to the sale submitted to the council.

The council was trying to sell the DEC on its own but has since received expert advice that while the DEC is a valuable and significant parcel of land, its features limited its attractiveness to the market.