PROPERTY GIANTS GEOCON AND EMPIRE BRING INNER CITY BUZZ TO THE HEART OF GUNGAHLIN
Property giants Geocon and Empire bring inner city buzz to the heart of Gungahlin
Two of Canberra’s powerhouse developers Geocon and Empire have today unveiled a new and exciting development in Gungahlin, located just a short stroll to Stage One of Canberra’s new light rail network.
The new development in the heart of Gungahlin will be known as “The Establishment”. The $140 million development designed by Judd Studio on the corner of Swain and Gozzard Streets will boast 270 units with 750 sqm of residential amenity and 500 sqm of commercial/retail space.
“With the unprecedented demand are seeing with Aspen, we have decided to fast track this release to meet the market demand. We have an ambitious vision to transform Canberra’s skyline and that extends to all of our Town Centres like Gungahlin. The Establishment will see us bring our signature precinct living and luxurious amenities to an up-and-coming area. With this development we’ve added a fresh new edge including our first ever outdoor gym,” says Nick Georgalis, Geocon Founder and Managing Director.
“Geocon has a strong reputation of delivering amenity-rich units with ground floor precincts that create a buzz on your doorstep. The Establishment is no different. From the rooftop lap pool and outdoor cinema, to the vibrant food and retail precincts on the ground floor plaza this development has it all. We’re proud to be partnering with leading developer Geocon, to bring this development with inner city standards of living to the suburbs,” says Tomislav Simunic CEO of Empire.
The Establishment will offer a selection of one, two-and three-bedroom apartments inspired by Chicago’s industrial warehouse scene and optimised to offer Canberra’s most dynamic modern living. It will also be the only development in Gungahlin to offer a pizza shop, café, bar and barber conveniently located in the plaza below. Luxury residential apartments will start from $299,900.
The Establishment boasts Geocon’s signature amenities including an outdoor ‘Open Air’ cinema, rooftop lap pool and resident terraces with gourmet entertaining facilities and district views. Exclusive to this development it will also boast an outdoor strength and agility gym called ‘Revolution’ on
level 8, equipped with multiple types of equipment and bars for a range of workouts, as well as shower and change facilities.
The Establishment is an easy three-minute walk from Gungahlin Town Centre and its rapidly-growing selection of supermarkets, bars, restaurants and cafes. The development will also be close to Stage One of Canberra’s new light rail network, with the nearest stop just a short stroll away, connecting residents to the CBD.
“The young and edgy inner-city vibe combined with the fantastic value and amenity on offer will attract plenty of attention from first home buyers and owner-occupiers. Of course, it will have strong rental appeal for the same reasons, which means investors will also want to take advantage,” continued Nick Georgalis, Geocon Founder and Managing Director.
“Gungahlin is Australia’s second-fastest growing region and growing at five times the rate of the rest of Canberra. With the opening of the Canberra Metro connecting Gungahlin and the City, access to major employment hubs will only increase the attractiveness of the area.”
Construction of The Establishment is anticipated to commence around October 2019 with a 24-month construction program.