We are delighted to welcome the NSW Government’s commitment to redeveloping Sydney Fish Market into a world class attraction in Blackwattle Bay, next door to the current site. The current Fish Market site will remain fully operational for four years while the new site is being built.
As Australia’s ‘home of seafood’, SFM is the lifeblood for fishers, aquaculturalists and co-operatives throughout the country. Thus, the Market’s redevelopment represents not only a state-of-the-art facility – befitting a waterfront icon on par with the Sydney Opera House – but a $750 million injection of support into the national seafood industry.
Studies by Deloitte Access Economics and Stafford Strategy commissioned by SFM in 2018 found that the development could deliver at least 2,000 jobs, a $4.78 billion increase in retail spend over 10 years, and a $1.36 billion increase in wholesale market spend over 10 years.
Designed by renowned architects 3XN, the new SFM will be a spectacular showcase for the industry, providing significant opportunities for seafood promotion, education, and events. Expected to double annual visitation to SFM, the redevelopment presents an invaluable opportunity for the promotion of seafood, allowing significantly more visitors to experience the quality and diversity of Australian seafood.
The new design provides more than 4,700 square metres of new public open space and paves the way for a future shared pedestrian and cycle path that will provide waterfront access from Sydney Fish Market all the way to Woolloomooloo.
The building will also feature a more visible and easily accessible auction area, providing educational opportunities for the visiting public, and showcasing the seafood supply chain in more detail.
The facilities of the new site will deliver significant improvements in technology. The operational floor will feature innovative equipment to streamline product movement and materials handling, allowing for better quality assurance. Furthermore, the new site will introduce opportunities for scientific programs – expanding on current partnerships with UTS Food Agility and Australia's Nuclear Science and Technology Organisation – that will be integral to supply chain traceability.
Already representative of the industry standard in responsible sourcing, quality assurance and seafood labelling, as well as a soon to be launched Digital Trading Platform, SFM intends to leverage the opportunities provided by this redevelopment to further advocate for sustainability, implement improved practices and foster trade efficiencies across the seafood industry.
The new Sydney Fish Market will strengthen pride in the Australian seafood industry, as well as educate, empower and inspire customers to further support the country’s fishing communities.