Palmerston development partners reach agreement 

The signatories celebrate signing the agreement (from left) CEO of Larrakia Development Corporation Greg Constantine, CDU Chancellor Sally Thomas AM, CDU Vice-Chancellor Professor Barney Glover and Regional General Manager (SA, NT and WA) for CIC Australia Geoff Smith.

A residential community on a portion of Charles Darwin University’s Palmerston campus came one step closer today with the university and its partners signing a development agreement.

CDU and its partner in the project, a joint venture between CIC Australia Ltd (CIC) and the Larrakia Development Corporation (LDC), signed the agreement this morning at the Palmerston campus.

The Vice-Chancellor of CDU, Professor Barney Glover, said that since the preferred partner in the project was named in May extensive community consultation had begun.

Professor Glover said he was pleased that this milestone in the development had been reached.

The partners are now seeking to rezone about 70ha of the campus.