xmas 2019 wings

xmas 2019 wings

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Pier sale begins

A sale of Hobart's Elizabeth Street Pier is now moving ahead a year after the state government first mooted the idea.

Advertising will start next week looking to draw out possible buyers, which the government is selling to help fund the Macquarie Point redevelopment.

A tender process closing in February is anticipated to even gather international interest, as the state's awareness on the global stage runs at an all time high.

Agent Knight Frank's Scott Newton has a ballpark figure as to its value.

"We will be marketing the asset, internationally and also nationally, I can assure the government that we will receive the highest and best price, that will certainly be circa $35 million."

Photo : State Treasurer Peter Gutwein walking towards Elizabeth Street Pier