We inform and deliver ACT Government land releases in the City Renewal Precinct, which includes the City Centre, Acton Waterfront, Northbourne Avenue and Dickson.
These releases are identified each year in the ACT Budget’s Indicative Land Release Program, which outlines ACT Government land that may be released over the next five years.
Our ongoing analysis of the Precinct’s needs and opportunities ensures an appropriate mix of residential, mixed-use and commercial spaces that are both high quality and sustainable.
We deliver design-led renewal that considers features like tree cover, native landscaping and communal spaces that cool our city and bring people together.
It’s part of our goal to build a modern and exciting precinct in which people want to spend time in, start a business or invest in further development.
The following outlines current land releases throughout the City Renewal Precinct.
Location: Google maps
Status: Sold
What’s planned: Mixed-use development including residential and affordable housing
About:
An innovative, eco-conscious, and inclusive mixed-use development will re-shape the area south-west of City Hill following the sale of this landmark site through a competitive public tender process.
Purchased by Capital Property Group, the new development will be a significant step forward for affordable housing in the City Centre, with 76 of the 502 dwellings designated as affordable.
The development will feature a range of residential and commercial spaces, including diverse architecture and green space.
Construction will deliver around 800 jobs over 5 years, and eventually house 1,000 residents and 1,200 workers.
The block spans the area between Vernon Circle, Edinburgh Avenue, London Circuit and Commonwealth Avenue.
Location: Google maps
Status: Sale process underway.
What’s planned: Mixed-use residential development including affordable and community housing.
About:
This site has been released to market in line with the ACT Government’s Housing Supply and Land Release Program. The future development of the site will deliver a minimum of 742 homes including 55 affordable and 55 community dwellings.
The release follows detailed due diligence that sets clear expectations for design, development and community benefit. The site is being sold through a two-stage process, an expression of interest, followed by a request for proposal.
Upon selecting a successful purchaser, the first settlement is expected in the first half of 2028. The site will continue operating as a public carpark until that time.
Location: Google maps
Status: Sold
Sale price: $17.75 million
What’s planned: Mixed-use development including office and retail space
Construction dates: Late 2024-2026.
About:
A new office and retail development will position thousands of workers and visitors in the City Centre following our sale of this vacant land for $17.75 million.
The 2743sqm block was purchased by Capital Property Group through a competitive open market process, who will deliver a high quality building featuring about 14,000sqm of office and retail space with outstanding sustainability qualities.
The sale and future development – to be located at the corner of Vernon Circle and Constitution Avenue – will help create a hub of social and economic activity.
Location: Google maps
Status: Sold
Sale price: $53 million
What’s planned: Office and retail development, including 280 replacement public parking spaces.
Construction dates: Late 2024-TBC.
About:
The City Centre will be transformed by a future development to be built on the corner of London Circuit and Northbourne Avenue.
This site will be home to a high quality office and retail development following our sale of the surface carpark opposite the Melbourne Building to the Capital Property Group through a competitive open market process.
The $53 million sale will see the developers of Canberra’s award-winning Constitution Place start construction on the project by the end of 2024.
Location: Google maps
Status: Registration of interest undertaken to identify potential tenants. Release of this site is being planned as part of the Canberra Civic and Cultural District.
What’s planned: Mixed-use development.
About:
Block 23, Section 19 City is a future mixed-use development site within the Canberra Civic and Cultural District included in the ACT Housing Supply and Land Release Program.
An ROI was undertaken identify potential tenants with uses aligned with the Cultural District vision, supporting a viable and high-quality development outcome. The process was conducted by Jones Lang LaSalle (JLL) and supported by an independent probity adviser.
Insights from the ROI will inform the future land release process.
Location: Google maps
Status: Sold
Sale price: $16.75 million
What’s planned: health precinct
Construction dates: The site is currently being used as a light rail compound. The ANU will develop the site as a leading health precinct as part of their growing campus.
About:
A world-leading national health precinct will be built in the City Centre following our direct sale of land to the Australian National University.
The future development will house hundreds of medical students, teachers, clinicians, and policymakers in City West over the coming years.
The ANU’s purchase will generate important and ongoing education, health, and economic benefits for the City Centre, Canberra and beyond.
We acknowledge the Ngunnawal people as traditional custodians of the ACT and recognise any other people or families with connection to the lands of the ACT and region. We acknowledge and respect their continuing culture and the contribution they make to the life of this city and this region.