The City of Adelaide will take control of the Central Market Arcade when the current ground lease, currently with a private owner, expires in late September 2018. With the last redevelopment occurring in the 1960’s, the return of the Central Market Arcade provides the City of Adelaide with a once in a lifetime opportunity to drive major change within the heart of the Market District.
The City of Adelaide is targeting commencement of works on the Central Market Arcade site by 2020.
Expression of Interest is now closed.
Expression of Interest (EOI) release to the development industry
The City of Adelaide is undertaking a multi-stage Expression of Interest (EOI) process to seek a development partner for the Central Market Arcade site. The Stage 1 of the EOI process was released via the City of Adelaide’s property advisor JLL and included a local, national and international call-out to the development industry.
The City of Adelaide has now shortlisted developers / consortia from the Stage 1 EOI. Shortlisted developers / consortia will prepare detailed development proposals as part of a Stage 2 process for consideration by the City of Adelaide, to then be followed by the selection of a preferred development partner.
Expression of Interest Process:
|Shortlisted developers to prepare detailed proposals||Underway|
|Select preferred development partner||Mid-2018|