CIC Australia and Larrakia Development Corporation have been appointed by Charles Darwin University to create a residential community on a portion of the University’s Palmerston campus.
CIC and LDC’s successful bid resulted from a nationwide call for expressions of interest in partnering with the CDU for the development of the project.
The proposed urban development involves 55ha of the Palmerston campus, which comprises 127ha.
The site is approximately 20 minutes south from the Darwin CBD and will create at least 500 blocks of land during the project lifespan. In addition to being a joint venture partner, CIC will be also be responsible for the project management, sales and marketing and community development for the project.
Australian Property Journal
