The Victorian Government and the Australian Football League (AFL) have launched an Expression of Interest (EOI) campaign for the redevelopment of 140 and 160 Harbour Esplanade in Docklands; two strategically located sites set to become a vibrant new mixed-use precinct.
The redevelopment will build on the momentum of the $225 million Marvel Stadium upgrade and aims to deliver a dynamic mix of housing, commercial spaces, hospitality venues, and entertainment options that will revitalise Melbourne’s CBD waterfront.
Minister for Development Victoria and Precincts, Harriet Shing, said “This is an exciting step in delivering a new chapter for Docklands – creating more housing, jobs, shops and entertainment on one of Melbourne’s most prominent waterfront sites.”
“This is about delivering quality development that supports Melbourne’s growth, including thousands of new homes in Docklands.”
Cushman & Wakefield has been appointed to lead the EOI campaign, bringing its deep market expertise and global reach to attract a development partner capable of delivering a bold and high-quality vision for the precinct.
Ross Hamilton, Managing Partner, Strategic Consulting at Cushman & Wakefield, said “This is one of the most exciting urban renewal opportunities in the country. The scale, location, and strategic importance of the Harbour Esplanade assets make them truly unique.
“Docklands continues to evolve as one of Australia’s most significant urban renewal projects, having already attracted over $15 billion in private investment and supporting more than 73,000 workers”.
Daniel Wolman, International Director – Capital Markets at Cushman & Wakefield, said “We’re seeing growing demand from both domestic and offshore groups for large-scale mixed-use opportunities in prime urban locations.
“The buyer profile for this campaign will likely include tier-one developers with a proven track record in delivering complex, high-quality precincts that balance commercial success with community benefit.”
Development Victoria’s Chief Executive Officer, Anne Jolic, said: “This is a unique opportunity to partner with us and the AFL to deliver one of Melbourne’s most exciting mixed-use developments.
“We are looking for an experienced developer who can bring forward bold, high-quality ideas that will revitalise the waterfront, create public spaces, and strengthen Docklands as Melbourne’s CBD waterfront destination.
“The EOI process is the first step in unlocking the potential of these sites, and we’re excited to see proposals that balance commercial outcomes with benefits for the community.”
AFL Executive General Manager of Finance, Clubs and Infrastructure, Matthew Chun, said “The opportunity to redevelop 160 Harbour Esplanade and the western side of the stadium will continue to amplify Marvel Stadium and surrounding areas as the destination sports and entertainment complex in Melbourne.”
“We look forward to continuing next steps in development.”
The EOI campaign is open until 5pm Friday 5 December 2025, with a Request for Proposal to follow for shortlisted developers.
For more information or a copy of the IM, please contact:
Ross Hamilton, Managing Partner • Strategic Consulting Managing Partner, Cushman & Wakefield
ross.hamilton@cushwake.com +61 (0) 413 777 447
Daniel Wolman, International Director, Investment Sales, Cushman & Wakefield
daniel.wolman@cushwake.com +61 (0) 412 957 839
