CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Tasmanian Heritage meets Innovation at the Treasury Building Complex

Jess Freeman • 27/05/2025

52725_Tasmania-card.jpg

The energy at last week’s Property Council of Australia – Tasmanian Outlook 2025 event was unmistakable—Tasmania is not just on the radar, it's firmly in the spotlight.

An impressive cross-section of presenters shared insights into the economic, planning, retail and housing sectors, painting a picture of a state in motion. 

According to David McDougall, Partner Advisory+ Cushman & Wakefield, “There was a noticeable uplift in confidence - a sense that momentum is building. Population growth is underpinning stronger business sentiment, and job creation is following suit. The data is promising, but so is the mood.

“And perhaps nowhere is that optimism more tangible than in the Tasmanian Government’s current Registration of Interest (ROI) campaign for the repurposing of the Treasury Building Complex in Hobart” he said.

First announced in November 2024, the ROI process now enters its critical final weeks. This is a timely opportunity - not just for developers or investors, but for visionary place makers who see the value in adaptive reuse, cultural preservation and civic reinvention.

“The Treasury Building Complex is no ordinary site. With its triple street frontage to Davey, Murray and Macquarie Streets, and a footprint of over 8,000 sqm across a 5,691 sqm site, its heritage and centrality give it both gravitas and potential. For more than two centuries, it has stood as the administrative, political and judicial heart of Tasmania. But now, a new chapter is being written” said Mr McDougall.

The Government has set a bold but thoughtful brief: to "deliver an innovative and sustainable long-term outcome for the Tasmanian community, while recognising the role the Treasury buildings have played in the story of Tasmania”.

Mr McDougall said this is more than a development play – “It is an invitation to contribute to the cultural fabric of the state. With strong investment activity already evident across multiple sectors, and Government, infrastructure agencies and private capital aligning proactively, the conditions are right for transformation. Now is the time for ambitious ideas”.

The ROI window closes soon. For those with the imagination to repurpose heritage with meaning - and the capability to deliver outcomes that resonate across generations - this is Tasmania’s call to action.

Proponents are encouraged to visit: www.treasurycomplexhobart.com.au External Link for further information and share their ideas or proposals for future uses that align with the Tasmanian Government vision.


About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.

Recent Media Releases

575 Church St Richmond_card
Gold-standard corner freehold hits the market in Richmond’s booming furniture precinct

For the first time since 1966, a prized corner freehold in the heart of Richmond’s Church Street furniture precinct is being offered to the market - presenting a rare opportunity for investors, owner-occupiers and value-add buyers alike.

Jess Freeman • 01/07/2025

buildingCardImgI-unsplash
Office market incentives remain elevated with spec fit-outs high on the list

Cushman & Wakefield’s Head of Office Leasing, Australia and New Zealand said nationally, quality, and the flight to, continues to be key across our CBD and Metro leasing markets.

Jess Freeman • 03/08/2023

FlexibleSpace-Card
Office Flight to Quality spurs Talent War as flexible working is here to stay

John Sears, Cushman & Wakefield’s Head of Research, Australia and producer of the Cushman & Wakefield MarketBeat reports provides commentary on Sydney, Melbourne and Brisbane’s CBD and Metro offices.

02/02/2022

Looking for more information?

Get in touch with one of our professionals.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS