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Monday, November 25, 2024

Ginninderry acquires more land

The Ginninderry Project have added to their future land release program, welcoming two NSW blocks to the sustainable community which extends across the ACT-NSW border.

A Joint Venture between the ACT Government and Riverview Developments, the Ginninderry Project already has 3,200 dwellings being developed on the land.

The blocks have been added to the Ginninderry Joint Venture’s future land release program through a land acquisition process, and will add 480 residential blocks to the program.

The previous owners of the land made the blocks available to the Suburban Land Agency (SLA) which followed the robust process for land acquisitions under the City Renewal Authority and Suburban Land Agency Act.

Until the land is developed, the blocks will be owned by the SLA as the purchasing entity.

SLA CEO, John Dietz, said, “Adding to the future land release program in West Belconnen is an excellent outcome for Ginninderry. This will provide opportunity for the growing Canberra region in terms of choice, affordability and location.”

Located near the ACT border at West Belconnen and adjacent to the established development footprint of Ginninderry, the blocks will contribute to the vision of creating a sustainable community of international significance, Mr Dietz said.

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