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Tasmanian property development attracts investor interest

On Feb 11 2013
Tagged as:
  • TAS


Property investors looking to snap up residential or commercial property in Tasmania may be ...

Property investors looking to snap up residential or commercial property in Tasmania may be interested in a multimillion-dollar development given the go-ahead recently.

Speaking on Saturday (February 9), premier Lara Giddings said an $85 million tourism, sporting and residential precinct on the Claremont Peninsula in Hobart will reinvigorate the region.

The project will comprise five private living towers, as well as expansion of the Claremont Golf Club, a marina and a new hotel.

Ms Giddings said there had already been significant attention from both local and national property developers, with 11 expressions of interest formally received.

She commented: "This is a great sign of confidence in the Tasmanian economy and I would like to thank the proponents for the commitment they have shown to this project, on such a unique and attractive site."

The development, which has already been approved by the Glenorchy City Council, is also expected to bolster employment opportunities in Hobart.

"It will provide a boost to our construction industry, create hundreds of construction jobs and stimulate the property market," the premier added.



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