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Reef House Investment preferred proponent to redevelop prime waterfront site

4 July 2019

The Port of Townsville has chosen Townsville-based property development company Reef House Investment Group (RHIG) as the preferred proponent to build a multi-million-dollar premium development on a prime waterfront site on Flinders St.

The development, which will be built on the site of the old Great Barrier Reef Marine Park Authority (GBRMPA) offices, is located between Reef HQ and the Museum of Tropical Queensland and will have linkages with other key tourism assets including the new Sealink Ferry Terminal.

Port of Townsville CEO Ranee Crosby said the development would stimulate the potential for a world leading marine science, research, business education and tourism hub for Townsville with a focus on the Great Barrier Reef. 

``This is an exciting project for the Port, as the landowners of the property, and it also represents an opportunity to revitalise and reactivate this prime Townsville location,’’ she said.

``In addition to promoting Townsville as a leading centre for marine science and tourism, the hub intends to provide an active and engaging visitor experience through linkages to the adjoining Museum of Tropical Queensland (MTQ) and Reef HQ Aquarium.”

``The hub aims to activate the Ross Creek water front consistent with the objectives of the Townsville Waterfront Priority Development Area.”

``We are extremely pleased to be working with Reef House Investment Group and anticipate a world-class property.’’

RHIG director Paul Spina said he was excited by the opportunity of delivering an architecturally designed, iconic marine and cultural precinct.

``This will not only create local jobs, but more importantly will showcase marine science, research, culture, business, education and tourism with a focus on the Great Barrier Reef,’’ he said.

RHIG is a consortium involving local developer PDS QLD Pty Ltd and investment group Wilbow Group Pty Ltd.

The Port of Townsville sought competitive bids for the redevelopment of the site through an open market Expression of Interest and Request for Proposal.

Throughout the process relevant stakeholders including GBRMPA, Reef HQ, the Australian Institute of Marine Science, James Cook University and the Museum of Tropical Queensland were consulted.