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Forrest site goes for $20m in Canberra

Mar 23, 2017 - Australian Financial Review

Addval has paid $20.1 million for a 1.33-hectare site in Canberra's Forrest and plans to build residential development a stone's throw from Parliament House.

The local developer was the winner out of five bidders chasing the Block 13, Section 13 plot at the National Press Club of Canberra in the keenly fought auction on Wednesday.

"This site was the last available piece of land on State Circle in Forrest - Canberra's most prestigious residential suburb - and it is located within 200 ...