Expressions of interest sought for North Shore
Stockland has recently commenced an ‘expression of interest’ process inviting developers to potentially purchase North Shore.
During this process, Stockland will continue to deliver the community and remain committed to the current program of works.
We’re proud of the legacy that has been created and excited about what’s still to come at North Shore.
Please refer to FAQs below for details on what this means for the community.
North Shore Expression of Interest FAQ's
Stockland regularly reviews its portfolio and asset alignment to strategy for sustainable growth.
Stockland has recently commenced an ‘expressions of interest’ process, calling for interest for the purchase of the ongoing North Shore development opportunity.
We feel the timing is right to find a suitable buyer to take North Shore forward enabling Stockland to focus on investment in regions closer to capital cities across the country.
The ‘expression of interest’ process is likely to take a number of months and we will provide an update as more information becomes available.
We remain committed to delivering on the current program of works and will continue to keep you updated on the progress of your land via email, the Stockland construction tracker and from the North Shore sales team.
The ongoing development of the North Shore community will continue through this process. We’re proud of the legacy that has been created and excited about what’s still to come at North Shore.
The ‘expression of interest’ process has begun and is likely to take a number of months to complete.
We’re proud of North Shore and excited about what’s still to come including the current works underway in the Town Centre and open spaces. The delivery of these amenities will continue to form part of the community’s planning approvals.
Stages and existing areas of North Shore that are currently under construction or yet to be handed over to Townsville City Council will be completed by Stockland or the new owner in accordance with the corresponding approval.
The ‘expression of interest’ process is likely to take a number of months.
Stockland will provide updates as appropriate.
The ongoing development of the North Shore community will continue through this process.
Stockland will proactively share relevant details with the new owner, and ongoing planning and development will remain subject to the relevant Authorities, Regulations and Approvals.