CANBERRA’S Capital Property Group (CPG) will join with the ACT Government to deliver a state of the art, $300 million development after being named the preferred tenderer to transform the car park site next to the Legislative Assembly at Block 35, Section 100, Civic.
Andrew Barr says the development is set to spark further renewal in the CBD, providing mixed use development right in the heart of Canberra.
“The development will include a new government office building and an adjoining commercial development with a boutique hotel, a childcare centre, substantial basement public parking, street level cafes and extensive landscaped plazas,” Andrew said.
“The project will be a major boost in jobs and economic activity for the territory. Other businesses and buildings in the area are also set to benefit from the injection of increased commercial activity in the area.
“In undertaking this project, the Territory will substantially consolidate policy and administrative functions, with 1,700 ACT public servants expected to work from a single location within Civic by October 2020. The new, sustainable 20,000 square metre building will be owned and built by the private sector but will be leased by the ACT Government for 20 years, with a further five year option for extension.
“Six high quality, innovative and financially attractive proposals were received from the shortlisted tenderers. The CPG proposal presented excellent value for money by balancing a competitive financial offer with a design scheme that is elegant in urban, architectural and interior design terms.
“CPG is a local company that employs local contractors and suppliers and is responsible for developments such as Canberra Airport, including the Canberra Airport Terminal, Brindabella Business Park and the Vibe Hotel.”