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Northern Territory's commercial property prospects supported by new developments

On Apr 30 2012
Tagged as:
  • NT


A number of new developments are set to see both industrial and retail businesses in the Northern ...

A number of new developments are set to see both industrial and retail businesses in the Northern Territory receive additional infrastructure support.

A new funding boost totalling $28 million is expected to deliver better transport between communities - enabling resource projects, tourism opportunities and local travel.

According to the territory minister for lands and planning Gerry McCarthy the budgeted amount will be put to use in expanding and improving the Central Australian road network.

Mr McCarthy asserted: "As part of the territory government’s Territory 2030 strategy, the government is continuing to grow the size and skills of the NT workforce, while maintaining high levels of investment in public infrastructure, to underpin long-term development and growth.

“Not only will these works better the driving experience for our families, tourists and truckies, they will also provide jobs opportunities for locals and suppliers."

With additional travel opportunities and increasing traffic from both tourists and local alike, business that rely on public contact could do well to investigate the opportunities available with upgrading their commercial property.

Storefronts that have plenty of foot traffic going past tend to do quite well when compared to those more hidden from view - making a retail lease a potential investment for firms looking to increase their market share.



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