Hobart’s iconic Treasury Building Complex is set for transformation, with the state government calling for expressions of interest to reimagine one of Tasmania’s most significant heritage assets.
The site comprises eight interconnected civic buildings dating from 1824 to 1957 – a rare opportunity to breathe new life into a heritage precinct in the heart of the capital.
Treasurer Eric Abetz said the move builds on successful CBD revitalisation projects.
“We have seen the development at Parliament Square and the Tasman, which has not only preserved the heritage characteristics of the buildings but is now home to world-class hospitality offerings for Tasmanians and visitors alike to enjoy,” he said.
Occupying prime real estate with three street frontages and more than 5,000 square metres of lettable space, the complex currently houses around 250 Treasury staff who will be relocated.
The government’s vision emphasises adaptive reuse that celebrates the buildings’ 200-year story while exploring their full potential.
“The repurposing of the Treasury Complex presents a unique opportunity to stimulate investment, growth and confidence in the state throughout the design, construction and operational stages as well as create more jobs and economic activity,” Abetz said.
All eight buildings are permanently listed on the Tasmanian Heritage Register, meaning any redevelopment will need to meet strict conservation standards.
Developers, investors, end users and community groups are being invited to put forward innovative ideas, with options ranging from leasing or sale to refurbishment or hybrid arrangements.
Cushman and Wakefield is managing the process, with local firm Cor Comms leading community engagement.
This is the second attempt to secure a future for the complex after a 2018 divestment process was paused during the COVID-19 pandemic.
The current approach takes a broader view of what the site could become.
Following the EOI phase, shortlisted proponents will be invited to submit detailed tenders, with the City of Hobart to provide final planning approval.
Expressions of interest close on December 17.
