City of Ryde Council is inviting tenders for a long-term lease of the former Ryde Civic Centre site, a move aimed at securing a strong financial outcome for the Council and generating substantial funds to be reinvested in the community.
Council says the revenue generated from the lease will directly fund the development of new cultural and community facilities across the local government area that will provide inclusive spaces for civic, cultural, and community life, responding to the diverse needs of Ryde’s residents.
Over the past decade, Council has investigated various options for the site to explore how the site at 1 Devlin Street can best serve the needs of a fast-growing community. This approach has matured over time, now focusing on a financially responsible delivery strategy that reflects community benefits while ensuring long-term sustainability.
Mayor, Trenton Brown said that this marks an exciting chapter for a site that has a long history of serving the community.
“The long-term lease of 1 Devlin Street will allow us to maintain public ownership while unlocking the site’s potential to generate revenue that will benefit our community for years to come,” Mayor Brown said.
“As Council moves forward with the Tender, we remain committed to keeping the community informed about the progress and opportunities associated with the future of 1 Devlin Street.”
Leading commercial real estate firm CBRE is conducting the Tender process on behalf of the Council.
For more information about the Tender process or to stay updated on developments, please visit the City of Ryde’s official website www.ryde.nsw.gov.au/1DevlinStreet.
