A bold vision for Canberra's CBD is taking shape, but it's not without its twists and turns. Capital Property Group (CPG) has unveiled its plans for the final building in the London Central precinct, and it's a departure from the initial idea. Say goodbye to apartments and hotels, and hello to a purely commercial venture!
The 12-story building will be a bustling hub of offices, retail spaces, cafes, and restaurants. With over 18,000 square meters of office space and 1600 sqm dedicated to retail, it's an ambitious project. But here's where it gets controversial: CPG initially considered adding a residential component and a hotel, but now, London Central will be solely focused on commercial operations. And this is the part most people miss - there's no major tenant announced yet!
CEO Stephen Byron remains confident, stating that CPG has the experience and time to attract a Commonwealth tenant. The company has already submitted proposals for the main structure, which includes three connected office buildings and a separate building at 2 Knowles Place. However, the final building will be integrated with the main structure, creating a cohesive and unique design.
The 10-level tower will have a distinct look, with a curved facade transitioning into a rectangular structure. The ground floor boasts a spacious 6.5-meter-high retail area, and level one is set to offer a gym and wellness facilities. The pedestrian plaza will provide a seamless connection to the courts precinct, and the commercial foyer at the western end of Knowles Place will offer easy access to office spaces.
Just like its neighboring building, this structure will maximize natural light and views with a central atrium and core design. Efficient shading will be provided by a unique vertical and horizontal facade. But the sustainability measures are where London Central truly shines. It aims to meet the Commonwealth's lease requirements with an all-electric, net-zero carbon design, achieving a 5-Star Green Star rating and potential 6-Star NABERS Energy rating. Water efficiency is also a priority, with a 4-Star NABERS Water rating and potential for 5 stars, and rooftop solar panels will further reduce its environmental impact.
Staff will benefit from extensive end-of-trip facilities and bicycle parking. The works application also includes modifications to the basement and parking, increasing spaces from 519 to 574, with provisions for electric vehicles and accessible parking.
This entire precinct development represents a significant $500 million investment in Canberra's CBD. The works application is open for submissions until February 2nd, so join the conversation and share your thoughts on this ambitious project. Will London Central become a thriving commercial hub? And what impact will it have on the city's landscape and economy? We'd love to hear your opinions in the comments below!
