Consortium appointed to bring Red Hill Precinct to life
18 July 2018
ACT Government: The
Red Hill Precinct is one step
closer to becoming a reality, with
Stockland and
Doma combining to bring
the project to life.
The consortium has been appointed as the successful
tenderer, bringing
to an end an exhaustive tender process which drew interest from across
Canberra, throughout Australia as well as internationally.
Minister for Urban Renewal Mick Gentleman said the Precinct would uphold
the strong heritage values of its surrounding neighbourhoods while also
providing an innovative and contemporary option for people looking to
live in the Inner South.
“I am pleased to have this project officially under way,” Minister
Gentleman said.
“Doma have proven themselves as an organisation who have a genuine
interest in the
social and cultural aspects of developing land in
Canberra. Likewise, Stockland are an Australian industry leader in
developing valuable community spaces. To have Stockland looking at
Canberra as a place to develop land is a good indication of how strong
the market is here.
“Bringing both of these organisations together in one consortium makes
sense – I am expecting positive things to grow out of the Red Hill
Precinct for the Inner South and for the rest of the Canberra community.
“I would like to congratulate and thank the consortium for their tender
and I look forward to seeing the Red Hill Precinct develop over the
coming years.”
The finalised Red Hill Precinct is the result of comprehensive
engagement with the local community.
“Since this project was conceptualised, we have been in regular contact
with the community to ensure this work would meet their expectations,”
Minister Gentleman said.
“This is a great example the ACT Government speaking to community,
listening to what they have to say and presenting a fantastic outcome
which we can all be quite proud of.”
The project, brokered by the Suburban Land Agency on behalf of the
ACT Government for a sale price of $50.13 million, will see a
product delivered which balances social, financial and environmental
benefits for Canberrans.
Stockland’s Managing Director and CEO, Mark Steinert, said he was
delighted that Stockland had been awarded the opportunity to deliver on
the Government’s vision for the prestigious Red Hill project.
“I’m pleased that Stockland has the opportunity to work with the Doma
Group on this city-defining development. We pride ourselves on
delivering some of Australia’s most liveable homes in the best
residential communities, and we’re excited to be re-entering the
Canberra market with this opportunity.
“The ACT Government’s comprehensive work on the precinct’s Estate
Development Plan (EDP) and extensive community consultation has laid the
groundwork to bring the vision to life,” Mr Steinert said.
Doma Managing Director, Jure Domazet, said he was looking forward to
collaborating with Stockland in providing significant housing choice for
existing and prospective Inner South residents.
“This development is an important milestone in the rebirth of the Red
Hill shops precinct, creating a new, low-density neighbourhood village
with high-quality architecture capitalising on the views and open
spaces.”
Located in one of Canberra’s most sought-after neighbourhoods just 6km
south of the Canberra CBD, the proposed village-style renewal project
builds on Canberra’s established heritage, while introducing a
sophisticated new range of townhouses and apartments.
Within walking distance of schools, the 53,000 square metre site sits
right in the heart of Red Hill and is surrounded by cafes, shops, wide,
leafy streets and boasts panoramic views across the city.
The Red Hill Precinct will be home to 252 dwellings, including 108
single residential dwellings, and up to 144 multi-unit apartments.
The Red Hill Precinct forms part of the Asset Recycling Initiative
program but was also part of the public housing renewal program. The
relocation of the public housing tenants into their new properties was
completed in mid-2017 and demolition commenced in July 2017. This was
finalised in June 2018.
Construction on the project is forecast to commence in late 2018.
--ENDS--
Source: ACT Government - www.cmd.act.gov.au
Contact: Brenton Sloane 0431 252 698
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