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: Land release planned for FY2025-26
About:
This site has been identified for release in the Indicative Land Release Program.
Planning is underway to determine the appropriate mix of uses for this prominent 2.4-hectare site.
This will help shape how developers can re-imagine this surface carpark into a thriving social and economic hub for our City Centre.
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: Land release planned for FY2025-26
What’s planned: Mixed-use development
About:
This site has been identified for release in the Indicative Land Release Program.
We are considering uses such as hotels, office, cultural facilities, community spaces, retail shops and food and beverage establishments.
The site is not suitable for residential accommodation given its location in the Canberra Civic and Cultural District and proximity to the theatre and other night-time entertainment.
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.