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Tasmanian Business Reporter November 2016

Tasmanian business confidence is the second highest in the country and the November Tasmanian Business Reporter is proud to promote all that's positive in the sector. From the $250 million Hobart hotels planned by Fragrance Group and confirmation of the land transfer to facilitate Launceston's UTAS relocation, to innovative new energy projects and a new veggie deal to boost farmer confidence - we've got the stories covered.

Tasmanian Business Reporter November 2016

$250m hotel, port developments Tassie tourism ships come in NOVEMBER 2016 T A S M A N I A’ S L E A D I N G B U S I N E S S P U B L I C A T I O N . C I R C U L A T I O N 1 2 , 0 0 0 M O N T H LY By Tom O’Meara TASMANIA’S tourism boom is encouraging sky-high and deep-sea development to cater for the expected growth in visitors to the state. A $250 million hotels plan has been unveiled to drastically lift Hobart’s accommodation profile, while nearly $3 million worth of work has been finished to deepen our port infrastructure, to ensure some of the world’s biggest cruise ships can dock in the capital to further boost tourism spending. Singapore developer Fragrance Group Limited has unveiled two major hotel developments, adding to its existing a 296- room hotel already under construction in Macquarie St. It is now working through council planning processes to gain approval for a 495- room hotel in Collins St and an approximately 400 -room hotel in Davey St. A further residential and hotel development in Elizabeth St is also in the early stages of planning to add to the group’s portfolio in the city. It’s estimated that the proposed new developments will generate direct and indirect employment of more than 1200 new jobs during construction and ongoing employment of up to 1000 fulltime jobs – adding up to $100 million a year to the state’s economy. Both proposed buildings will be the tallest in Hobart with the Davey St project comprising 35 storeys and rising to a height of more than 120 metres and the Collins St development comprising 20 storeys and standing 75 metres tall. The five- star hotel at 28- 30 Davey St has been designed as an icon development for Hobart and will include function facilities, retail outlets, restaurants, a day spa, and pool facilities. It’s estimated that the proposed new developments will generate direct and indirect employment of more than 1200 new jobs during construction and ongoing employment of up to 1000 fulltime jobs Fragrance Group is also keen to realise a long- held city vision for a skybridge providing dedicated foot access from the city to the waterfront and to Salamanca Place. While the hotel proposals still have a long way to go be- Artist’s impressions of mooted iconic high-rise developments at 2-6 Collins St, left, and 28-30 Davey St. fore any sign-off is approved – and will predictably be met with some opposition due to the heights proposed – one totally different project has already been completed to boost tourist numbers coming via sea. Tasports has finished a $2.9 million bollard, gangway and seabed maintenance project at Macquarie Wharves 2/3, to increase berth depth required by large vessels. The completed project ensures that Hobart can now accommodate the largest vessel class currently deployed in the Asia-Oceania region – the Quantum class vessels which are about 350m in length. The biggest vessel to visit Tasmania, the Ovation of the Seas, at 348m and carrying 4180 passengers and 1500 crew, will be welcomed into Hobart on December 13. Her arrival comes as the port of Hobart gets set to experience a 50 per cent increase in the number of ship calls from the previous season. Tasports is also nearing completion of a $1.5 million berthing and mooring dolphin at the Port of Burnie ahead of the North West’s record-breaking cruise season.. Continued page 2 Tasmania Report Wednesday, 14 December 2016 HOBART LAUNCESTON BURNIE Prepared & presented by Saul Eslake BOOK NOW! 1300 559 122 www.tcci.com.au EVENT PARTNERS