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Geelong mayor pleads for tax breaks to kickstart city projects
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Geelong mayor pleads for tax breaks to kickstart city projects SHARE INVESTING PETER FARAGO
First published 19 November 2025, 5:00am Geelong Advertiser, Ireland Brown Projects’ Tom McKay, IDS director Phil Petch and Geelong mayor Stretch Kontelj celebrate the Barwon Business Park construction “topping out”.
More than 300 construction jobs – more than two-thirds for locals – and thousands of tonnes of concrete and steel are some of the key numbers going in to a commercial project under construction in Newtown.
But that’s small compared to what mayor Stretch Kontelj would like to see if the raft of permits approved in Geelong’s central business district are activated.Builder Ireland Brown Projects, developer IDS Developments and clients marked another stage for the Barwon Business Park, where the highest beam has been placed in the Riversdale Rd construction overlooking the Barwon River.RELATED: MasterChef-tenanted coastal hub served up for sale
New boom regions: Where to buy now before prices explodeLiquidators list former Socceroo’s family firm site. But Mr Kontelj used the occasion to reflect on the lack of commercial building activity especially across Geelong’s CBD, where the state government has lauded the approval of permits for major projects, but few have been activated.“Geelong is one of the fastest-growing regions of Australia, and as mayor you may have heard me, and my message is, ‘build, baby build’,” Mr Kontelj said.“We want to see more of this type of creative, clever development around the city, and this project certainly fits that bill.”Suburban office-style projects, such as Barwon Business Park, and the Federal Mills precinct in North Geelong, are emblematic of the problems of building in the CBD, where the developers say the economics are challenging.“With both sides of politics, what I’m wanting to advocate in the lead up to the state election is a special economic zone around the Geelong area,” Mr Kontelj said.
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​​Views from the top floor at Barwon Business Park development under construction at Newtown shows the vista available over Barwon River parkland.Views from the top floor at Barwon Business Park development under construction at Newtown shows the vista available over Barwon River parkland.
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“What I’d like to see is three levels of government foregoing taxes, rates and charges for a period of up to five years – council foregoing rates, state government foregoing land tax.“What we’re doing is foregoing that to ensure that these projects are economically viable, because it’s no cheaper to build in Geelong (than in Melbourne).“In fact it’s probably more expensive given the way we are competing with a lot of Big Build projects it’s hard to get the trades and so on.“We need the permits that are ultimately issued to be able to flourish.”Melbourne legal firm Arnold Thomas and Becker is one of the few active private projects in the CBD office space, having gutted the seven-storey Victoria House building in Moorabool St as part of a redevelopment. The Barwon Business Park creates a pair of three and four-storey strata office buildings and a separate cafe building, which has attracted Accountancy firm M-Group is the largest occupant, taking the entire fourth floor combining three original units within the complex. At artist’s render of Barwon Business Park. The project is emerging on the north bank of the Barwon River. Gartland Projects director Michael De Stefano said four strata units remained available in the complex. The development overlooks the river, Balyang Sanctuary and the golf course and the EP Robinson wool processing plant – the last of Geelong’s wool scourers – who’s impending closure is being met with excitement from developers keen to activate the West Fyans St precinct, expanding mixed use zoning throughout the old industrial landscape to encourage regeneration of the area. IDS director Phil Petch said the development was designed to bring the surrounding environment in.“Each week we can see this being achieved and the finished result is better than the marketing material, which as a developer is not often the case,” Mr Petch said.Ireland Brown Projects’ Tom McKay said 70 per cent of the workforce is local.“We’ve had 320 workers inducted to date, we’ve done 35,000 hours,” he said.“We’ve also poured 500 cubic metres of concrete in the foundations. We have 200 tonnes of steel throughout these buildings. We’ve had 300 concrete precast panels as well. So just to give that topping out.”The project is due for completion by mid 2026.


Construction has started on Barwon Business Park on Riversdale Rd, Newtown.The pending closure of Geelong’s last wool scourer has a silver lining for a suburb as more businesses eye a move to developments on the Barwon River.Owners of EP Robinson Pty Ltd and Michell Wool announced their merger last week to establish Australian Wool Processors in Adelaide. Thirty jobs will be lost in Geelong when EP Robinson’s Bridge St, Newtown mill closes. Newtown became an early epicentre of Victoria’s wool processing industry, which required access to water from the Barwon River for the scouring and carbonising process.RELATED: $20m upgrade for TAC HQ targets working parents, access, inclusion Barwon River cluster grows as Newtown milk site listed for saleNew vision for Newtown mill after $32m sale to prominent developer. But IDS Developments director Phil Petch said the closure of Geelong’s last wool scourer would ultimately be a positive outcome for Newtown, where city planners have been navigating a transition from heavy industrial to more mixed uses in the precinct.IDS is building the $38m Barwon Business Park, at nearby Riversdale Rd.“Closure of the mill, when combined with council’s ambition to rezone the precinct, are the last pieces of the puzzle in the steady gentrification of Newtown’s riverside precinct,” Mr Petch said.
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Gartland director Michael De Stefano, Mulcahy & Co Geelong director Warren Freeman and IDS Developments director Phil Petch are pictured on the top floor of Mulcahy & Co Geelong complex at Barwon Business Park. “It’s hard not to see how property values won’t accelerate over the short to medium term.” City of Greater Geelong has listed a review of the West Fyans/Fyans Structure Plan, which guides development in the area, as an upcoming project. Land in the area is a mix of Commercial 2 zoning around the mill, with Industrial 1 and Mixed U in other areas closer to Pakington St and Latrobe Tce.“Our success at selling down 75 per cent of our individual offices at the Barwon Business Park highlights the strong demand for property in this high growth precinct,” Mr Petch said.Financial services firm Mulcahy & Co Geelong is the latest business revealed in the precinct after acquiring three off-the-plan offices.Mulcahy & Co has collaborated with the project’s Mark Gratwick Architects to merge the offices into a single circa-1000sq m complex. The four-level headquarters will anchor the firm in a riverfront position, with 360-degree views across the Barwon River and Geelong’s city skyline from the elevated site.
Five individual tenancies are available at Barwon Business Park.Mulcahy & Co Geelong director of lending Warren Freeman said the decision to purchase in the precinct instead of lease was about more than bricks and mortar.“It’s about crafting an environment that mirrors our ambition, our values, and our commitment to our people,” Mr Freeman said.“We wanted a space that inspires. Not only to impress clients, but to engage and retain the talented professionals who power our success.“This building is a jewel in the crown, not just for us, but for Geelong’s evolving commercial market.“Our clients expect premium service, and now, they’ll experience it in a premium space,” Mr Freeman said. The new headquarters is set to become a desirable corporate address, with features such as end-of-trip facilities capitalising on the proximity to riverside walking tracks and local sport venues, such as pickleball courts.Additional free parking provisions ensure client convenience, while internal layouts will enhance operational efficiency, with purpose-built client meeting zones and dynamic team spaces.


Geelong financial services firm to move to riverside HQ at Newtown
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