Richmond Valley Council is moving forward with its decision to lease the Northern Rivers Livestock Exchange (NRLX), with tenders to be called from tomorrow Thursday 26 October 2023.
Council has appointed global real estate experts JLL to manage the tender process independently.
The process will see JLL handle all inquiries, receive tenders from potential lessees, and evaluate them thoroughly for Council’s final consideration.
Richmond Valley Council General Manager Vaughan Macdonald said JLL’s experience would help Council to find a lessee with a shared vision for the NRLX.
“With significant funding support from the Australian and NSW Governments, Council has invested more than $15 million to transform the saleyards into a modern, professional facility and, under our management, the NRLX has progressed to be one of the leading saleyards in NSW,” Mr Macdonald said.
“We want to continue this journey by partnering with a lessee who is well-equipped to take the NRLX to the next level and develop the facility in a way that benefits our community and the broader livestock industry.
He said the Northern Rivers Livestock Exchange played a crucial role in our region, supporting beef producers and buyers while contributing significantly to the regional economy.
“We believe that by inviting tenders and securing the right lessee, we can unlock the full potential of this facility and ensure its continued success for years to come,” Mr Macdonald said.
“We’re confident that JLL has the right experience to manage this process professionally and transparently and Council looks forward to receiving their final recommendations”.
Tenders close 30 November, with the aim to appoint a successful tenderer in December, who takes control of the NRLX business early in 2024.
Tender inquiries can be made to JLL representatives Chris Holger (0411 177 167) or Clayton Smith (0428 878 523).