Jemena is poised to sell the former Hamilton North gasworks site to an industrial property developer.
The gas and electricity infrastructure company was tight-lipped about the planned sale on Wednesday, but the Newcastle Herald understands a deal is all but complete for the 7.4-hectare site.
Jemena acquired the contaminated Clyde Street land in 2006 from AGL as part of a corporate transaction.
In 2020, it completed an $11.5 million "cap and contain" remediation of the site to light industrial standard.
The Herald understands the land could become a business park.
The 30-year planning strategy for Broadmeadow announced last week by the NSW government and City of Newcastle places the gasworks site in a Hamilton North "business and innovation" sub-precinct.
"This place strategy encourages the appropriate remediation and reuse of contaminated sites for employment-generating uses within this sub-precinct," the strategy says.
Dubbo-based property developer MAAS bought the neighbouring 8.4-hectare former Shell depot last year for $25.3 million but has not announced plans for the land.
The Jemena site operated as a gasworks from 1913 to 1985.
