Canberra Girls Grammar School buys adjoining sites
Two waterfront development sites in Canberra’s Yarralumla Bay have sold for a combined $1.78 million to the neighbouring Canberra Girls Grammar School.
Located on the shores of Lake Burley Griffin, Block 15, Section 17 sold for $860,000 while Block 16, Section 17 sold for $920,000.
The two sites are three kilometres from Capital Hill and five kilometres from Canberra City.
JLL managing director for ACT Andrew Balzanelli and JLL head of investment sales for ACT Greg Lyons handled the Land Development Agency offerings.
There were six registered bidders.
The Canberra Girls Grammar School (CGGS) principal Anne Coutts said the acquisition presented an exciting phase in the development as the school moves towards its 90th anniversary in 2016.
Picture of Canberra Girls Grammar School courtesy of AY Arktos/CC BY-SA 2.5.
