Thursday, May 30, 2024

Townsville rail yards project gathers steam

City of Townsville Council says its North Rail Yards project is continuing to gather steam, with the appointment of three new directors and the conclusion of expressions of interest for development proposals.

The Council says the newly appointed directors bring a wealth of expertise to the project. Among them are property experts Peter Wheeler, Managing Director of Colliers Townsville, and a Townsville Enterprise Limited board member; Kirsty Smith, director of Kelen Property and non-executive director of Brisbane Housing Company; and Paul Spiro, former Chairman of Gadens law firm and current Chair of the Brisbane Economic Development Agency.

Chairman of North Rail Yard Developments, John Rosel said each director brought significant knowledge, and experience in project delivery and all facets of property including analytics, development, inner city redevelopment, commercial real estate and property law.

Mr Rosel also announced two preferred proponents have been selected to present their business cases and development proposals to the board for consideration.

“North Rail Yards represents a key CBD development, and the board is eager to see the proponents’ vision for the site,” he said.

“This is a once-in-a-generation opportunity to transform this heritage site into a vibrant residential and mixed-use waterfront destination.”

The North Rail Yards is a Council-formed company dedicated to rejuvenating the heritage site.

Mayor, Troy Thompson highlighted the site’s significance as a gateway to Townsville and its potential to address the need for affordable residential housing.

“This development will deliver much-needed affordable housing and provide the community with high-quality public spaces that honour the city’s rich rail history,” the Mayor said.

“I am pleased to see this development continue its progress in shaping Townsville.”

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