THE ACT Government has announced that Capital Property Group (CPG) has been selected as the preferred proponent to deliver a $300 million office development at the car park site next to the Legislative Assembly at Block 35, Section 100, Civic.
In a statement last week, Chief Minister Andrew Barr said 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.
"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," Mr Barr said.
In undertaking the 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 proposals were received from the shortlisted tenderers and Mr Barr said 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.