

A new opportunity exists for the private sector to partner with South Bank Corporation to support the revitalisation of the precinct ahead of the 2032 Olympic and Paralympic Games, helping to renew key assets and strengthen South Bank’s role as one of Queensland’s most significant destinations for generations to come.
South Bank is Brisbane’s favourite destination and one of Queensland’s most visited precincts, welcoming more than 16 million visitors every year.
A diverse mix of retail, dining, commercial, residential, education, tourism and hospitality uses contribute to South Bank’s unique character and position as one of Brisbane’s premier cultural and events destinations.
Spanning 42 hectares along the Brisbane River opposite the city centre, South Bank features extensive parklands, playgrounds, lagoon and water play areas, the Wheel of Brisbane and the iconic BRISBANE sign.
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An Invitation for Prequalification (IFP) has been released exploring opportunities for South Bank's revitalisation, including enhancing the public realm, renewing key water features, improving community connectivity and delivering integrated commercial development.
This process builds on South Bank’s long history of evolving through partnerships with the private sector. A 4.8 hectare Opportunity Area has been identified to explore how future investment could help revitalise this much-loved precinct.
South Bank invites interested parties to bring global best practice, innovative ideas and commercial opportunities that could help deliver a new lagoon, enhanced public spaces and improved visitor experiences. Building on South Bank’s ongoing evolution, commercial arrangements could continue to play a key role in supporting integrated development and the ongoing revitalisation of the precinct.
The IFP process will be undertaken over the coming months with any subsequent stages subject to government and South Bank Corporation consideration in early to mid 2027.

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South Bank has continued to grow and evolve for more than three decades and now welcomes more than 16 million visitors a year. With the 2032 Olympic and Paralympic Games on the horizon, now is the right time to explore how future investment could renew key parts of the precinct, improve the visitor experience and support South Bank’s long-term future, while protecting what people love about it.
An Invitation for Pre-Qualification (IFP) is an early step used to understand market interest and identify organisations with the experience and capability to participate in future opportunities.
For Future South Bank, the IFP will explore what ideas, expertise and investment the private-sector could bring to South Bank’s future renewal. It will help determine whether there are opportunities worth exploring further.
This is an early, exploratory process.
Partnerships have played an important role in South Bank’s evolution for more than three decades. The IFP will explore how new ideas, expertise and investment could help transform the precinct, while protecting what people love about it.
The IFP is exploring ideas to transform parts of South Bank to support the precinct’s future.
This includes a new lagoon and opportunities to enhance public spaces and visitor experiences, attract investment and tourism and transform key areas of this much-loved precinct, strengthening it as a vibrant, world-class destination while preserving its distinctive character. Any future opportunities would need to support public value, community benefit and South Bank's role as a place for everyone.
No. South Bank is, and will remain, a public precinct.
South Bank has always combined public spaces with complementary uses, including dining, culture, residential, commercial, education and recreation, to create the vibrant destination people enjoy today. Any opportunities would need to deliver community benefit and retain South Bank’s unique character.
The Future South Bank Master Plan was released in 2024 and sets out a long-term vision for the precinct. It is a flexible, living document intended to evolve alongside South Bank and the changing needs and priorities of Brisbane and the wider community.
The Master Plan is a starting point for considering ideas that may emerge from the market through the IFP. The Master Plan does not approve specific projects or proposals.
No. The map identifies the area being used to explore potential opportunities through the IFP. No decisions have been made about specific proposals or changes to individual sites.
The label reflects a site identified in the Future South Bank Master Plan as part of the long-term vision for the evolution of the precinct. The IFP is about exploring the potential of the Opportunity Area. However proposals that include other areas identified for future renewal in the Future South Bank Master Plan may also be considered.
The IFP is not restricted to Queensland companies/developers, and global best practice is actively encouraged.
South Bank Corporation has released an IFP inviting the private sector to explore partnership opportunities that support South Bank’s revitalisation objectives. Responses will be assessed to understand market interest, capability and potential opportunities for the precinct.
Stakeholders will be kept informed as the process progresses. Any proposals that progress beyond the IFP would be subject to further engagement and the appropriate planning, governance and statutory approvals.
Protecting what Queenslanders value about South Bank remains central to any opportunities explored. The focus is on enhancing public spaces and green spaces, renewing key water features and improving the overall public experience, while preserving the precinct’s unique character.
Any future opportunities would need to enhance the overall public experience and deliver lasting community benefit.
Community input will be an important consideration as future opportunities are explored. Should any future proposals progress, appropriate engagement would be considered as part of future assessment, planning and approval processes.
Any future opportunities would need to deliver lasting community benefit. This includes enhancing public spaces, improving visitor experiences, supporting tourism and ensuring South Bank continues to evolve to meet the needs of the community and remain a place for everyone.
South Bank’s unique character is one of its greatest strengths. The objective is not to change what makes South Bank special, but to ensure future generations inherit a precinct that is even stronger than it is today.
The IFP invites the private sector to explore opportunities to renew key water features. Opportunities being explored include the replacement of the Main Lagoon and improvements to its surrounding public realm.
Any proposals progressed beyond the IFP would be subject to further engagement and the appropriate planning, governance and statutory approvals.
South Bank Corporation recognises existing leases across the precinct and the important contribution tenants make to South Bank’s character and success. The IFP is an early, exploratory process that will help us understand what may be possible. If market interest emerges and a decision is made to progress beyond the IFP, South Bank Corporation will work closely with all stakeholders, provide updates and consider any potential business impacts.