Cromwell Lands Lease for Canberra Office Block Scheme….
Real estate investment manager Cromwell Property Group has secured a key leasing deal for its proposed Canberra office development, marking a significant step forward for the project. The lease agreement, reportedly with a major government tenant, will anchor the office block planned for a prime site in the Australian capital.
The long-term lease is seen as a critical milestone that underpins the commercial viability of the scheme and boosts investor confidence. The office block, designed to meet high sustainability and security standards, is part of Cromwell’s broader push into government-tenanted properties.
Located in a strategic precinct close to parliamentary and departmental hubs, the project aims to support Canberra’s evolving commercial landscape. Construction is expected to begin once final approvals are secured, with completion targeted for late 2026.
The deal reinforces Cromwell’s commitment to expanding its Australian portfolio despite global headwinds, as it continues repositioning towards core, low-risk assets with stable income streams.
