Geelong’s City Deal: Nyaal Banyul Convention Centre Project Marks Early Works Milestone

Geelong Exhibition Centre Architectural Render front Entrance
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The Victorian government has initiated the commencement of early works for the highly anticipated Nyaal Banyul Convention and Event Centre, marking a significant milestone in the project’s timeline.

Appointed in July 2023, a consortium spearheaded by Plenary Conventions has been tasked with bringing the project to fruition. The consortium boasts a lineup including industry heavyweights such as Woods Bagot, Built, and BGIS.

Envisioned as a comprehensive precinct, the $456-million development will encompass a myriad of amenities, including a 1000-seat venue, expansive exhibition spaces, meeting rooms, convention facilities, retail and hospitality outlets, and a 200-room hotel. Additionally, plans are in place for a sizable public plaza, as well as future prospects for a mixed-use development all located at 68-94 Western Beach Road. Overlooking the picturesque Corio Bay, the precinct aims to redefine the Geelong waterfront landscape.

With an estimated creation of 1,450 jobs during the construction phase and a further 700 ongoing positions upon completion, the project is poised to make a substantial impact on employment in the region. The forthcoming hotel is expected to further bolster job opportunities and bolster the local visitor economy.

Scheduled for completion in 2026, the project is slated to transform a 1.6-hectare section of the Geelong waterfront, currently occupied by a car park, into a bustling hub of activity and commerce.

^The Nyaal Banyul Convention Centre will Transform the Geelong Waterfront (Image: Woods Bagot)
^The Nyaal Banyul Convention Centre will Transform the Geelong Waterfront (Image: Woods Bagot)
Architectural Render Overlooking The Geelong Waterfront Park
^Architectural Render Overlooking The Geelong Waterfront Park (Image: Woods Bagot)

Underlining a commitment to social responsibility, the government plans to implement a robust social procurement program aimed at supporting local businesses, individuals, and the wider community through avenues such as traineeships and apprenticeships. This initiative seeks to set a benchmark for social procurement practices in government-led projects.

Highlighting the significance of the project within the broader regional context, federal minister for regional development Kirsty McBain emphasized,

“Nyaal Banyul is the premier project in the Geelong City Deal – a partnership between all three levels of government with the objective of revitalising the city and regional economy, while encouraging visitors to spend more time in the region by showcasing its natural assets,”

Financially, the Victorian Government leads the investment with a commitment of $423 million, complemented by contributions of $30 million from the Australian Government and $3 million from the City of Greater Geelong, amounting to a total commitment of $456 million.

The Nyaal Banyul Geelong Convention and Event Centre project is an integral component of the Geelong City Deal, a collaborative initiative aimed at transforming Geelong and the Great Ocean Road, spearheaded by the Australian and Victorian Governments in partnership with local councils.

Note: The information presented in this article is for general informational purposes only and should not be relied upon as legal, financial, or professional advice. While we make every effort to fact-check and verify the information presented, we cannot guarantee its accuracy or completeness. Readers are encouraged to independently verify any information they find on our website and to consult with relevant professionals before making any decisions based on the information presented. The Australian Development Review does not own the rights to the information included within this article, and furthermore, there is no infringement intended from the included text and images within.

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