EY commits to landmark Canberra Development
Professional Services firm EY, has committed to lease two floors (4,600sqm) within ‘Vernon,’ the final
stage of the award-winning 65,000sqm Constitution Place precinct in the Canberra CBD. The lease will
commence following completion of the building in October 2026 with occupation planned in mid-2027,
the move to ‘Vernon’ aligns with the firm’s future growth and sustainability ambitions.
“We are very excited EY shares our vision for this iconic development, which is proving to be a highly
desirable corporate address, we look forward to working closely with EY to create a new generation of
workspace for its staff and clients,” Richard Snow, Group Head of Property at Capital Property Group,
said.
Currently under construction by Canberra building firm Construction Control and due for completion in
2026, ‘Vernon’ is a 15,000 sqm, seven-level office building set to redefine Canberra’s commercial
landscape. Designed by award-winning architectural firm Bates Smart, the development will integrate
seamlessly into the established Constitution Place precinct, already home to major corporate and
government tenants, including King & Wood Mallesons, MinterEllison, NAB, and the ACT Government.
EY Canberra Managing Partner Louise MacDonald said, “we’re looking forward to relocating to Vernon
Constitution Avenue in 2027. The new space will support how we work—flexibly, collaboratively and
with purpose. It’s a move that reflects our commitment to sustainability and to creating a modern
environment for our people and clients.”
A key highlight of ‘Vernon’ is its commitment to sustainability and innovation. The fully electric building
will be carbon-neutral in operation, featuring a hybrid timber and concrete structure with 15% of the
building constructed from sustainable timber. A 150kW roof-mounted solar array and 100kW battery
will further reduce its carbon footprint, while the development targets a 5.5-Star NABERS Energy rating
and a 5-Star Green Star rating.
Situated at the prominent corner of Vernon Circle and Constitution Avenue, ‘Vernon’ will offer sweeping
views of Lake Burley Griffin and the Parliamentary precinct, further enhancing its appeal as a premier
business location.
EY’s commitment follows previous commitments to Vernon by Tier 1 law firm Clayton Utz and flexible
workspace operator Hub Australia.
The transaction was negotiated by JLL Canberra on behalf of Capital Property Group and CBRE
representing EY.