It is the first major project launched by Capital Property, the owner of Canberra Airport, since Terry Snow stepped down from active management last month.
Already a subscriber?Capital Property Group, founded by Rich Lister Terry Snow and brother George, will undertake what is set to become a major Canberra landmark overlooking the central Vernon Circle with a four-tower, $350 million project.– since Terry Snow stepped down from active management duties last month.
“The commonwealth government doesn’t want to stay in older buildings – some of which are 40 years old. We are taking the risk, and we will build these buildings for government.” “Our history and the history of Capital Property Group is that you build the best quality buildings, you deliver excellence in service quality and the tenants will come. We’ve got no problem in moving ahead to build 35,000 sq for the government with or without a pre-commitment,” Mr Byron said.Of the four buildings, at least three will be devoted to commercial office space, while the fourth will likely comprise residential space and a boutique hotel.
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