Land Sales

Canberra Times: Prime commercial sites passed in at Civic auctions (22 June 2010)

The following article has been reproduced from the Canberra Times: Prime commercial sites passed in at Civic auctions JOHN THISTLETON A glut of commercial development space in Canberra and fears of a legal challenge over a planning amendment on City Hill are being blamed for two premium development blocks at Civic being passed in at auction yesterday. Billed as ”sensational”, ”the pulse of the city” and the ”city’s ultimate address”, the London Circuit car park sites failed to meet the ACT Government’s reserve price.

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ABC News: Little interest in Civic building sites (22 June 2010)

The following article has been reproduced from the ABC News website: Little interest in Civic building sites The ACT Government’s land and property services expert says he was surprised by the lack of national interest from property developers in the auction of two key city sites yesterday. The two sites on London Circuit which failed to sell in the auction yesterday are currently under a 48 hour negotiation process with local developers. Bidding started slowly and inched towards $5.25 million and $8.6 million for the respective blocks, well below the expected prices. A similar inner city car park site sold

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