Latest Australian Capital Territory News

Autosports Group is set to acquire Gulson Canberra, including the Porsche Centre Canberra, marking its entry into the Australian Capital Territory market and reinforcing its luxury brand strategy.

Cromwell Property Group has provided fresh details on its Barton development, confirming a $201 million total cost and a projected yield exceeding 6.3%. This update clarifies financial expectations amid growing market interest.

Service Stream Limited has extended its contract with NBN Co to continue upgrading the ACT’s fibre network, securing $360 million in revenue over 3.5 years.

Ventia has expanded its partnership with NBN Co through a $280 million contract amendment to upgrade fibre infrastructure in the Australian Capital Territory, marking a strategic geographic expansion.

LGI Limited reported a 7% rise in revenue and a 3% increase in EBITDA for H1 FY25, driven by expanded power generation capacity and higher landfill gas flows. However, net profit after tax declined by 22%, reflecting ongoing investment and market dynamics.

Centuria Office REIT has released its HY25 Property Compendium, revealing a robust $1.885 billion portfolio diversified across Australia with strong occupancy and sustainable credentials.