Greater Hobart’s largest industrial development opportunity set to hit the market

A 76-hectare industrial landholding in Greater Hobart’s northern corridor is being prepared for market, representing what is expected to be the region’s largest industrial development opportunity to date. 

The Bridgewater Industrial and Logistics Land Portfolio is expected to come to market with price expectations of approximately $60 million, with Cushman & Wakefield’s Cameron Zamora and David Normanleading the campaign ahead of a formal launch in Q3 2026. 

Located at Lot 2 Glenstone Road and 175 Cobbs Hill Road, Bridgewater, the 76-hectare site forms part of a broader 192-hectare landholding and is being offered subject to an active rezoning application. The balance of the holding, currently zoned rural, presents additional long-term development upside. 

Positioned adjacent to the TasRail Brighton Intermodal, the site offers rare intermodal capability within southern Tasmania, with direct access to the state’s primary freight network connecting major population centres.  

The location places it within 25 minutes of the Hobart CBD, Hobart Airport and the Cambridge Industrial Estate, further strengthened by the recent completion of the new Bridgewater Bridge, a major infrastructure project that has significantly improved freight efficiency through the corridor. 

Industrial land supply across Greater Hobart remains tightly held, with limited large-scale rezoning opportunities and low vacancy across established precincts including Glenorchy and Cambridge. The scale of the Bridgewater offering, combined with its proximity to key infrastructure, positions it as a strategic platform for future industrial expansion. 

Cameron Zamora of Cushman & Wakefield said the Bridgewater site represents a rare convergence of location, scale and infrastructure. 
“Hobart is a sleeping giant. The infrastructure is delivered, supply is structurally constrained, and the market has not yet repriced to reflect any of it. Demand fundamentals are being further underpinned by major economic investment across the region, including the recently approved $1.2 billion Macquarie Point Stadium, with bulk earthworks now moving into procurement. 

“The project is expected to act as a catalyst for broader economic activity, alongside continued growth in Tasmania’s visitor economy and infrastructure pipeline. The site also benefits from favourable ground conditions, with previous excavation confirming basalt and dolerite formations across portions of the land, supporting efficient development outcomes through reduced haulage and lower reliance on imported fill.” 
David Norman of Cushman & Wakefield said the opportunity comes at a time when the Hobart industrial market is yet to fully reflect improving fundamentals. 
“Tasmania continues to offer exceptional value relative to the major capital cities, and this site sits at the centre of that conversation. The $786 million award-winning Bridgewater Bridge has fundamentally changed the freight equation for this corridor. The opportunity to shape the industrial future of a capital city at this scale is rare. Timing is everything.”

The asset is expected to attract interest from developers, institutional investors and owner-occupiers seeking scale in a supply-constrained market, with early engagement encouraged ahead of the formal campaign launch.