Frasers Sells Waterfront Tavern at $2.3bn Shell Cove Development

Frasers Property Australia has launched an expressions of interest campaign to find a hotel operator and owner for its Shell Cove Waterfront Tavern within its $2.3 billion beachside masterplanned community.

The 1086sq m tavern, expected to be completed by 2021, is being offered as a freehold investment.

Frasers development director Glenn Colquhoun says the, H&E Architect-designed tavern will rank among Australia’s best in offering iconic panoramic east coast views.

“Like the Pavillion at Coogee, The Clovelly Hotel and Icebergs at Bondi,” he said.

The pub will include a family bistro area, sports bar with TAB, gaming room, private dining areas and a freestanding bar.

The EOI campaign is being run by HTL Property's Andrew Jolliffe.

Related: Frasers Receive Green Light for Green Mall in Australian Retail First

Shell Cove, located 22 kilometres south of Wollongong, is a joint venture between Frasers Property Australia and Shellharbour City Council.

Forecast population growth in the broader Shellharbour City area is anticipated to increase almost 23 per cent by 2036.

Development activity of the multi-billion-dollar precinct is ramping up thanks to a recent announcement of the winning tender to build a 270-berth boat harbour and marina.

Shellharbour City Council Mayor Marianne Saliba said the town centre opening is planned for October.

Frasers Property has $16 billion in assets across 35 cities around the globe.

The first 45 Waterfront apartments were released earlier this year.