Canberra block sold for $66 million to be turned into apartments, hotel

Canberra block sold for $66 million to be turned into apartments, hotel

The site, which is not far from Lake Burley Griffin, will eventually be home to a park, offices, a hotel and 500 apartments.

City Hill land sold for $66m

An impression of the developed corner of Commonwealth Avenue and London Circuit. The ACT government has sold the land south-west of City Hill to Capital Property Group for $66 million, where a range of residential and commercial spaces, affordable rental accommodation and green space is planned. The land’s availability is the result of the $100 million heightening of London Circuit to allow Stage 2a’s light rail extension to join Commonwealth Av…

Gateway site developer calls on Commonwealth to commit to Canberra CBD

The Commonwealth needs to commit to the development of the Canberra CBD and site more of its departments and agencies there in new buildings, according to the company that is lining up to build its fourth project around City Hill. Capital Property Group CEO Stephen Byron was speaking this morning (20 January) on City Hill […]

Canberra’s city centre to expand south after $66m sale

The ACT Government has sold a prominent site near City Hill to Capital Property Group for $66 million (ex GST) to make way for a new mixed-use development. The project, located between City Hill and QT Hotel Canberra, is set to include residential and commercial spaces, a hotel, and a large public park. Construction will deliver approximately 800 jobs over 5 years, and eventually house approximately 1,000 residents and 1,200 workers.  Key design…