51% of Hobart Airport is For Sale, Now’s Your Chance!


Hobart City Council has almost ticked off more new homes in the first 50 days of 2019 as it did for the whole of last year. Following Monday night’s council meeting at least 112 new dwellings had been approved this year, not far behind the 136 given the go-ahead for the entire 2018. The approval two multi storey developments on February 4, on Bathurst and Burnett streets, added 100 apartments to the city and was a significant boost for this year’s tally. Herald Sun

Preparations are underway for Macquarie Group to sell its controlling stake in the country's ninth largest airport, Hobart International Airport. Street Talk understands Macquarie, which owns the airport via one of its infrastructure funds, wants to have a two-stage auction up and running by the middle of the year and is eyeing north of $400 million for the asset. It is understood Macquarie has asked a handful of investment banks to pitch for the right to sell Hobart International Airport on its behalf. AFR

The Royal Hobart Hospital’s new inpatient redevelopment structure is now finished and practical completion at the site is less than six months away, according to the Government. Health Minister Michael Ferguson said the 10-storey development — known as K-Block — was in its final stages after the structure had been finished, and a helipad installed last weekend. Nt News

The state’s small business community has called on the Government to re-evaluate who qualifies for general rates exemptions as it raises the alarm on potential lost revenue from the University of Tasmania’s property purchases in Hobart’s CBD. Speaking after UTAS was revealed to have bought the former Forestry Tasmania building for $15 million, Tasmanian Small Business Council chief executive Robert Mallett said inner-city traders were yet to see the benefits of UTAS’s growing CBD presence. The Mercury

Prime Minister Scott Morrison says Hobart will get its City Deal, with the agreement to be finalised when he is in the state’s capital next week. While Mr Morrison, right, would not reveal key details of the City Deal while on a visit to Tasmania’s North-West yesterday, he did ease concerns the deal would stall — again. “I will announce the City Deal next week,” he said. The Mercury

Industrial property is among Australia’s most sought-after real estate, with both domestic and global investors driving demand for space in the sector. A surging market for industrial property boosted revenue at JLL's Australian arm, which recorded a 10 per cent rise in 2018. JLL also said as much as $21 billion of investor capital is looking for a home in Australia's industrial market. Urban Developer 

More parking for North Hobart, an aquatic centre upgrade and a revamp of the New Town retail precinct were all approved by Hobart City Council last night. Council approved an annual update of the City of Hobart’s 10-year capital works program, committing to spend more than $18 million on city projects in 2019-20. The Mercury

Foreign investment in property has fallen to the lowest levels in 10 years, tumbling 58 per cent to $13 billion in 2017-18. The usual suspects — Chinese capital controls, credit curbs and taxes — have been blamed for stifling demand, with new housing leading the fall in approvals with a 62 per cent drop to $10 billion. Urban Developer