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  • Developers could score hat-trick with Woden offering

Developers could score hat-trick with Woden offering

Canberra | 20 March 2017
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Developers are expected to flock to Woden Green Estate, Canberra following the listing of three prime mixed use / residential development sites. 

Woden Green Estate is a newly developed residential precinct located within Woden town centre and just 8km south of Canberra’s CBD. 

CBRE’s Andrew Stewart and Mark Nicholls have been appointed to steer the EOI campaign for the three sites, totaling 14, 996sqm, on behalf of Hindmarsh with the option to purchase individually or in one -line. 

Mr Stewart said the three development sites represented a strong investment opportunity considering the state government’s commitment to reviving Woden and preparing the town for anticipated population growth.

“The EOI campaign provides developers with a unique opportunity to purchase all three sites simultaneously” Mr Stewart said.

“The purchaser has the flexibility to design a number of different schemes for each site and tailor the developments to capitalise on surrounding leisure centres, offices, education establishments and transport routes, including the impending light rail network.” 

Mr Nicholls added; “Whether purchasing one or all sites, the central location of each block means the developments will directly benefit from the proposed regeneration of the town.”

According to Transport Canberra, by 2041 approximately 210,000 Canberra residents will live, work or study within one kilometre of Woden.

ACT state government recently revealed plans to revitalise Woden town centre to enhance the area’s liveability, including diversifying land uses to encourage residential development and economic activity and improving the layout of public spaces.

The first development site for sale, totals 1,712sqm and has a Medium Density Residential zoning. The second and third sites are both located in Business zoning and are 6,063sqm and 7,221sqm respectively. 

The Expressions of Interest campaign closes Thursday April 20 at 4pm.

For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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