Wed 25 Sep

Redevelopment Update

Redevelopment Update

On 19 September, Sydney Fish Market welcomed an announcement by Premier Gladys Berejiklian that funding is secured for the new Sydney Fish Market and that DA lodgement is imminent.

This important milestone has been achieved after more than five years of intensive consultation, research and detailed planning. Government has been meticulous in their preparation and Sydney Fish Market applauds the Premier and her team for paving the way for the development to now proceed as planned.

Economic modelling from Deloitte Access Economics shows the redeveloped Sydney Fish Market will drive increased tourism to NSW, lifting Gross State Product by more than $0.6B in its first 10 years of operation.  The redevelopment will support an extra 242 jobs and boost the seafood industry in regional NSW and nationally.

The redevelopment will boost industry productivity, with improved despatch areas and new storage and handling systems. The new Sydney Fish Market will have undercover car parking and ample bike spaces, and the market will be well served by ferry, bus and light rail.

The retail floor space of the new building will double to more than 12,000 square metres and allow for increased patronage, an expanded food service offering, more seating and an improved visitor experience. Visitors will also be able to enjoy new public spaces including an amphitheatre, waterfront promenade and recreational wharves.

Modelling from Stafford Strategy shows retail expenditure is expected to increase by more than 100% to almost $350 million a year, attributable to the uplift in visitation as well as an increase in individual spend.