Lyric Lane in Constitution Place provides a quality retail and dining experience. Photo: Ian Bushnell.
The Constitution Place precinct in the city has been named the country’s best mixed-use development at the recent Property Council of Australia Innovation and Excellence Awards.
Developed by Capital Property Group, Canberra Airport’s property arm, the two-building precinct was also awarded Best Workplace Project.
It had already been named the ACT Development of the Year.
The awards come soon after the decision to sell the ACT Government-tenanted building, 220 London Circuit, for a reported $275 million to Investa Commercial Property Fund.
Property Council ACT Acting Executive Director Adele Lausberg said the environmentally friendly, mixed-use development next to the Legislative Assembly and near the Canberra Theatre Centre created a city-changing destination in the heart of the Canberra CBD.
“The destination has helped change the face of the Canberra CBD,” she said.
“Capital Property has created a sophisticated mixed-use precinct which provides not only an exceptional place to work, but a great space to meet for coffee or a meal.”
Canberra Airport CEO Stephen Byron said the awards were an honour and humbling.
“We are incredibly humbled to have won two National Innovation & Excellence Awards Gala Awards,” he said.
“There were many exceptional finalists, so to have come away with two category wins and to be the only development to have done so is an absolute honour.
“Constitution Place changes the landscape of the city for the better, and we look forward to any future opportunities that can positively contribute to our city.”
Lyric Lane is a quality retail and dining laneway that connects the two buildings in the development, which comprises the five-storey, 22,300 square metre ACT Government Headquarters and a mixed-use 12-storey office and hotel complex, 1 Constitution Avenue.
Some of Australia’s biggest professional services companies are based in Constitution Place, which also houses the 130-room, 4.5-star A By Adina hotel and other notable tenants, including King & Wood Mallesons, E & P Financial Group, MinterEllison and Victory Offices.
The property has enough floor space for up to 3000 workers when fully occupied.
One of the first WELL-rated structures in Canberra – harnessing the built environment to support human health, well-being, and comfort – the development has a 4.5-star NABERS energy rating and a little under 300 kW of roof-mounted solar power.
It also has 560 underground parking spaces, 225 of which can be used by the public.
The Airport Group sold the government office building after the losses COVID travel restrictions inflicted on the aviation industry, but it will retain the other building, saying it will work alongside Investa to fulfil the potential of the precinct.
The $300 million development was completed last year.
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