Investment opportunity

From inception to delivery, The Mill at Moreton Bay will provide dynamic gathering spaces that celebrate diversity and connect people from all walks of life. The precinct will challenge the status quo, supporting innovation and fostering investment in forward-thinking projects and pioneering programs for current and future generations to thrive and enjoy. Located at Petrie on two train lines and with a major university campus at its core, the precinct is located in one of the fastest growth regions in Australia.

The Mill at Moreton Bay

Millovate is seeking investors to become part of a thriving new destination with options for large-scale greenfield development across 65 hectares of mixed-use space contained within the PDA.

Over the coming months Millovate will provide information about the timing of investment opportunities across a range of sectors including health, education, advanced manufacturing, research, industry advancement, retail, entertainment, sport and recreation.

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The Mill at Moreton Bay Priority Development Area and place boundaries

Map key - Mill Central Mill Central Map key - Mill Innovation Mill Innovation Map key - Mill Green Mill Green
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Map showing the extent, place boundaries and infrastructure of the Mill at Moreton Bay site

A place to live, work and play

The Mill at Moreton Bay will be a landmark destination for South East Queensland, showcasing our local talents to the world, and setting the foundations for future growth and prosperity across the region.

An inclusive and welcoming place for all to enjoy, it will exemplify everything the Moreton Bay lifestyle has to offer and inspire new opportunities yet to be imagined. 

Set amongst a vibrant natural environment, wide-open spaces will intersect with bespoke urban experiences designed to encourage human connection, building a truly inspiring and creative meeting place that respects our unique heritage and unlocks our community’s potential. 

The Mill at Moreton Bay will be a premier destination to learn, restore, live, work, and play.

Pioneering opportunities for the future

USC Moreton Bay

Situated at the entryway to the precinct, the University of the Sunshine Coast (USC) Moreton Bay is Australia’s newest university campus, and the first full-service university campus in the region. In February 2020, stage one of the USC Moreton Bay campus opened with a 16,000 sqm foundation building. Upon completion, the 10.5-hectare university precinct is expected to provide education for more than 10,000 university students over its first 10 years.

A growing catchment

Moreton Bay is a thriving social and economic hub, evidenced by forecasted sustainable growth over the next 20 years. By 2041, the Moreton Bay Regional Council area is expected to have grown by approximately 47 per cent, becoming home to an additional 211,000 people and providing a substantial workforce catchment.

Lower cost of business

In addition to its close proximity to Brisbane, The Mill at Moreton Bay affords a lower cost of doing business. Office rental rates are significantly lower than nearby metropolitan hubs with office spaces in Petrie renting for 40 per cent less than in the Brisbane CBD*.

* Based on average rental rates in suburban office and business park locations across SEQ, compared to Brisbane CBD rental rates.

Investment ready opportunities

Zoning is in place and parts of the site are shovel ready. The site provides the scale and flexibility of development for businesses to locate and progressively scale up as required.

Transport gateway

The precinct is well connected, sitting at the junction of two key state roads and in close proximity to the Bruce Highway - Queensland’s major north-south freight and commuter corridor. These transport connections place The Mill at Moreton Bay within 40 minutes of Brisbane Airport and Port of Brisbane, providing exciting gateways to regional and international markets. The site is also accessible through public transport with an onsite train station that supports services on the Redcliffe Peninsula and Caboolture lines, connecting to Brisbane and the Sunshine Coast.

Connectivity and digital infrastructure

Moreton Bay Regional Council is in the process of securing a data centre for The Mill at Moreton Bay, providing an access point to the international submarine cable which now lands at the Sunshine Coast. This cable provides Australia’s fastest telecommunications transmission speeds to Asia and the second fastest to the USA. Investment in this data centre ensures the precinct has improved connectivity, faster processing times and high-quality, secure data storage services for businesses and the community.

A focus on sustainability and the environment

With 110 hectares of green space designated across the site, The Mill at Moreton Bay will deliver vast and continuous conservation areas of high environmental value and important ecological function. These green spaces will enable the creation of healthy, liveable communities with access to significant parklands, also supporting ongoing koala conservation efforts.

Strong support across all levels of government

As part of the Federal Government’s South East Queensland City Deal, all levels of government are committed to the long-term success of the region and the precinct. As part of a PDA designated in 2016, the Queensland government has recognised The Mill at Moreton Bay’s potential to pioneer a thriving community where people and progress connect. This endorsement by state government provides investors with opportunities for accelerated development, market certainty and significant scope to develop bespoke infrastructure solutions.

Historical and environmental significance

Paying homage to the original Petrie Paper Mill previously located on site, the aptly named The Mill at Moreton Bay will be a future-focused community, set on land with rich history and environmental significance.

Site timeline

The Mill at Moreton Bay celebrates its natural environment and wildlife spanning rich greenspace and native parklands.

With more than 110 hectares of dedicated conservation area for wildlife and a Koala Management Plan in place, Millovate is committed to supporting Moreton Bay Regional Council and its focus to retain, rehabilitate and enhance the region’s natural habitat.

A juvenile koala from the Mill at Moreton Bay site
Drone photo taken of lake at the Mill at Moreton Bay site

Moreton Bay Region

Located in South East Queensland, Moreton Bay is one of the largest Local Government Areas in Australia and is home to the third-largest Council by population in Australia. Extending over 2,037 square kilometres and home to more than 28,800 businesses, the region extends from beach to mountains and offers a mix of rural townships, urban centres and coastal villages. Benefiting from its proximity to Brisbane and the Sunshine Coast, Moreton Bay takes pride in the lifestyle it offers and the affordability of the region. This has fuelled Moreton Bay as one of the fastest-growing urban regions in Australia.