Defence has entered into a contract with Shayher Group for the sale of the decommissioned Bulimba Barracks site on the Brisbane River.
Minister for Defence Linda Reynolds said the sale of the 20-hectare site marked a significant step in the government’s commitment to unlocking surplus Commonwealth land for alternative uses, including housing.
“Shayher Group is an Australian developer [with Taiwanese backing, according to other sources] with a record of delivering redevelopments in Brisbane and Melbourne,” Minister Reynolds said.
“They have demonstrated capacity to develop, remediate and protect the heritage values of the property, recognising the development must adhere to state and local planning, environmental and heritage requirements”.
Minister for Housing Michael Sukkar said the contract decision followed a competitive open-market sale process in accordance with the Commonwealth Property Disposal Policy.
“The Commonwealth Property Disposal Policy delivers on the government’s commitment to ensure surplus land holdings are put to better use,” Minister Sukkar said.
“The sale of Bulimba Barracks will increase housing supply in Brisbane, with the Brisbane City Council’s Bulimba Barracks Master Plan estimating a potential development outcome of about 855 residences, including a range of housing types.”
The Indigenous and historic heritage values of Bulimba Barracks will continue to be protected following the sale of the property in accordance with the local and state heritage-protection legislation.
Defence anticipates settlement of the property in early 2020.
Minister Reynolds said all proceeds from the sale of surplus Defence land were reinvested to support Defence capability.
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