Strong interest for NRLX leasing proposal

Richmond Valley Council advises the conclusion of the tender submission period for the leasing of the Northern Rivers Livestock Exchange (NRLX).

According to global real estate experts JLL, which is managing the tender process for Council, the leasing proposal garnered widespread attention and interest from industry-leading entities with multiple submissions received.

Council’s General Manager Vaughan Macdonald said having JLL manage the tendering was instrumental in ensuring a thorough evaluation of proposals was undertaken to make sure the selected proponent aligned with Council’s objectives for the NRLX and brought value to the whole Richmond Valley community.

“JLL’s team will now carefully review each proposal, assessing them against the tender criteria and provide advice to Council to determine the best proposal for the lease of the facility,” Mr Macdonald said.

“The aim is for Council to make the necessary decisions during December and, subject to a satisfactory proposal being received, authorise the finalisation of the lease for the facility.

“Council shares the community’s desire to have the NRLX back operating, with the intention to have it re-open as soon as possible in 2024.”

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