Stockland and Doma welcome ACT Government announcement for Red Hill renewal project
12 July 2018
Stockland:
Australia’s largest diversified
property group and leading developer of
residential communities, Stockland, welcomes the
ACT Government’s announcement today that it has been selected as
master developer for Canberra’s
Red Hill renewal project, ‘The
Precinct’, together with respected local property company
Doma Group.
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 luxury townhomes and apartments.
Within walking distance of Canberra Grammar and Red Hill Primary School,
the 53,000 square metre site sits right in the heart of bustling Red
Hill and is surrounded by cafes, shops, wide, leafy streets and boasts
panoramic views across the city.
Consistent with the EDP, Stockland’s proposed development plan includes
108 single-dwelling sites comprising 25 land lots and 83 townhomes. Doma
Group will deliver four buildings comprising up to 144 apartments and
limited ground floor commercial spaces facing the existing shops.
Mr Steinert continued, “Canberra's property market continues to perform
well with recent strong, steady price growth, and this project offers
the unique combination of the ideal location and a thoughtful masterplan
vision.
“Stockland has a strong history in Canberra, having completed the
Waterfront Apartments and retail precinct at Kingston Foreshore in 2007.
We’re excited to have the opportunity to build on this legacy and work
with the government to create a new residential community in Australia’s
capital.”
Construction on the project is forecast to commence in late 2018.
More information on the Red Hill precinct masterplan can be found at: www.theprecinctredhill.com.au
--ENDS--
Source: Stockland - www.stockland.com.au
Contact: N/A
External Links: www.theprecinctredhill.com.au
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