Northern Territory Government Newsroom

Creating Local Jobs – Over $50 million in Private Investment Secured through Leased Property Scheme

Over $50 million of private sector investment has flown into the community to create local jobs and support local businesses.

The Territory Labor Government’s Leased Property Stimulus Scheme encourages building owners across the Territory to invest in upgrading their building in exchange for extensions in current government leases. 

Over 30 building owners took up the offer, which has seen significant investment flow out into the economy to support local jobs and local businesses. 

Over $3.6million in work has recently been completed at the Cascom Centre in Casuarina, which saw owners undertake a range of upgrades including: 

The upgrades works are significantly improving operations and amenity for both the public and government workers at the complex – and were all delivered through local contractors. 

Quotes from Minister for Corporate and Digital Development, Paul Kirby:

“The Territory Labor Government knows increasing private sector investment creates strong economic growth and more local jobs.

“We have had great take up of the Leased Property Scheme with over $50million of private investment secured, which will have a far greater flow on effect into our economy.

Quotes from Member for Casuarina, Lauren Moss: 

“Not only are we creating local jobs through securing private investment, but also revitalising key-areas with significant numbers of workers from both private and public sectors. 

“The stimulus scheme is making these particular areas a more attractive place to live, work and visit.

“The upgrades to the Cascom Centre are timely, and have a direct impact on three of our government departments who have offices in the complex; and all work has followed the Buy Local policy.”

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