Mill precinct takes next steps in development journey

Published 12 June 2024

City of Moreton Bay Councillors today unanimously approved the next step for The Mill at Moreton Bay, realigning responsibility for the strategic development of the site to the Council’s award-winning Economic Development team, maximising cost efficiencies and Council oversight.

City of Moreton Bay established Millovate Pty Ltd in 2020 as a wholly owned commercial entity to lead the vision and development of Council’s strategic land holdings within The Mill at Moreton Bay PDA, Petrie. 

With the evolution of the site to now incorporate a significant Brisbane 2032 Olympics venue, CEO Scott Waters said the time is right for Council to resume direct responsibility for both local Brisbane 2032 delivery, and the entire site. 

In addition, Mr Waters thanked the Millovate Board and management for their expertise in strategic planning to set the strong foundations for future success of The Mill at Moreton Bay, as we move towards 2032 and beyond.

“Council and Millovate have worked closely since 2020 to realise development of this site, so we see this transition as business as usual, leading into the AGM in September,” Mr Waters said.

“There will be minimal disruption to the continued development of The Mill, with the Economic Development team integrating the Millovate team into day-to-day operations.  This strategic realignment, along with our significant stakeholders being the University Sunshine Coast and of course the Brisbane 2032 Olympics, set the scene in delivering the exciting opportunities this site continues to offer.

“With The Mill site a key part of our Olympics vision, and City of Moreton Bay’s role on the Olympic and Paralympic Committee, it is opportune to now bring this project in-house.

“I’d like to thank the Millovate Board and the broader team for their expert advice and commitment to progressing the site to where it is today.”

Chair of Millovate Pty Ltd, Nigel Chamier applauded Council for their innovative approach to developing The Mill site.

“Council’s support has been constant during my tenure and I am so proud to see the site begin its transformation, with the University of the Sunshine Coast campus and railway connection just the start.

“I was Chair of the Commonwealth Games Committee, and it makes so much sense that the site now be managed by Council in the lead up to 2032.

“The site will go from strength to strength and with several commercial transactions in the pipeline, I look forward to watching it grow and develop even further.

City of Moreton Bay Mayor Peter Flannery said the site at The Mill and surrounding Petrie area was poised for even greater success based on the results of The Mill’s Social and Economic Impact Assessment.

“We’ll continue to shape the precinct to drive economic growth, education, and employment opportunities, investing in outcomes that will benefit our rapidly growing population.

“I have no doubt that Council’s Economic Development team will be able to continue maximising the success of The Mill, working closely with industry and community to create a destination that supports City of Moreton Bay’s future ambition and prosperity."

The Mill at Moreton Bay, Petrie comprises 65 hectares of Council-owned land zoned for urban mixed-use development and 110 hectares of green space. The site includes the University of Sunshine Coast, The Mill water park and play space and parkland.

Council will be responsible for Millovate Pty Ltd following their 2024 AGM in September.