Consortium appointed to bring Red Hill Precinct to life

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.