Media Release

Finalisation of Property Sales to Revitalise the Parliamentary Triangle

MC 78/17

Senator the Hon. Mathias Cormann
Minister for Finance
Deputy Leader of the Government in the Senate
Senator for Western Australia

7 December 2017

The Government continues to ensure that the Commonwealth's property portfolio is appropriate for expected future needs and maximises value for taxpayers.

Following the successful sale of West Block earlier this year, the Government can now confirm the conclusion of sale processes for:

  • Anzac Park West,
  • Anzac Park East,
  • East Block, and
  • the Constitution Avenue development site (containing the cafeteria).

All four sites will be sold for $122.5 million.

Anzac Park West and East Block will be purchased by EG Funds Management Pty Ltd for $51.0 million and $15.5 million respectively.

Anzac Park East and Constitution Avenue Development will be purchased by Amalgamated Property Group for $34.3 million and $21.7 million respectively.

Private investment presents an opportunity to revitalise all these properties and ensure the significant heritage values are retained.

All sales agreements include comprehensive protections to preserve the heritage values and significant architectural merit of the properties in perpetuity.

[ENDS]

Media Contact(s): 

Karen Wu - 0428 350 139