New $150 million office development at Constitution Place precinct

New $150 million office development at Constitution Place precinct

New $150 million office development at Constitution Place precinct

01 November 2023

We are pleased to announce the successful acquisition of an adjoining land parcel through a competitive tender process with the ACT Government via the City Renewal Authority (CRA). This strategic purchase paves the way for the construction of a new six-level, 14,000 sqm commercial tower. This exciting project will carry forward the same architectural excellence by Bates Smart and construction expertise by Construction Control that defines the existing Constitution Place precinct.

Richard Snow, Head of Property, Canberra Airport said the Capital Property Group is excited to be able to bring this revolutionary project a step closer for Canberra.

“Building on the success of Constitution Place, we are committed to setting a new standard of excellence for office development and further revitalising Canberra's City Centre. This new development will provide high-quality, centrally located office accommodation to meet the city's growing needs, we thank the CRA for the opportunity.” Mr Snow said. 

“The new development will place a strong emphasis on sustainability, targeting a 5 Star Green Star, and aiming for a 5-star NABERS energy rating. It will also feature a 99kw roof-mounted solar array and have no gas plant allowing for the building to be 100% carbon neutral in operation. In addition, the building is proposed to have a hybrid timber construction where part of the building structure and fabric will built from sustainable timber further reducing the building's carbon footprint.

"We are passionate about Canberra and continuing to make it Australia's most vibrant, liveable city. Our experience in award-winning precinct design, honed over 25 years at Canberra Airport, positions us well to harness the full potential of the opportunity at 1A Constitution Avenue."

Construction is set to commence in mid-2024, with completion scheduled for the second half of 2026. This project is a testament to our dedication to the growth and prosperity of Canberra, and we look forward to contributing to the city's future.

Find out more here.