Land Development Agency CEO David Dawes says the transformation of Canberra’s gateway has taken a giant leap forward with the release for sale of almost 30,000 square metres of prime Northbourne Avenue land set for a combination of retail, commercial and residential development.
“Dickson on Northbourne will inject new life into the main entry to Canberra with the addition of up to 697 new homes,” David said.
“We have already seen the effect that stage one of light rail is having along the Northbourne corridor, with developers seizing on the exciting potential this area possesses. New developments are capitalising on the area’s proximity to light rail to create a mixed residential, commercial and retail avenue that will be a destination in its own right for Canberrans and visitors.
“The announcement today of this significant release of Northbourne Avenue property provides for the continued transformation of one of our most important transport corridors to allow more people to live, work and play close to schools, businesses, first-class amenities and world-class public transport.
“Dickson on Northbourne is a short walk from the popular, vibrant and fast-growing Dickson shopping, dining and entertainment precinct and boasts 500m of Northbourne Avenue frontage that faces onto the light rail corridor.
“This large site provides an exceptional opportunity for a mixed-use development that will improve the amenity and vitality of the area for visitors, residents, the local community and all Canberrans.
“Dickson on Northbourne consists of three ACT Government owned blocks that are being sold as part of the Federal Government’s Asset Recycling Initiative. Through the sale of this site, and other ageing government infrastructure, the ACT Government is set to receive $67 million dollars from the Federal Government towards stage one of Canberra’s light rail network.
“The three sites will be sold as one package with settlement staggered over three years. The Dickson flats site will settle first, in 2017, while the Karuah site is scheduled for 2018 to allow for the continued relocation of current tenants. The Visitor Centre site will settle in 2019 after construction of light rail is complete.
“The successful purchasers of this prime inner-Canberra land will incorporate the heritage aspects of several heritage listed former public housing buildings on the site.
“The package will be auctioned at 11am on Wednesday 31 August.”
For further information visit lda.act.gov.au.