School holidays slows Midds EOI

By Chris Thomson | posted on July 20, 2018

LANDCORP’S deadline for developers to express interest in erecting a hotel-cum-apartment block at Middleton Beach has been extended for three weeks.

General Manager Regional for the State Government property development arm, Stuart Nahajski, confirmed as much when contacted this week.

“The Middleton Beach hotel developer expression of interest period has been extended from July 17, to August 7, 2018,” he told The Weekender.

“EOI extensions are reasonably common and in this instance advice from the selling agents was that more time would help ensure fair representation of the opportunity to all developers, especially given local school holidays.

“The EOI process is subject to strict probity requirements and as such any submission is commercial in confidence until the final outcome is determined.”

And with that, Mr Nahajski declined to reveal how many expressions had been received or which, if any, developers had submitted them.

The Landcorp website is yet to be updated to reflect the extended deadline.