Senator the Hon Mathias Cormann

The Government continues to ensure that the Commonwealth's property portfolio is appropriate for expected future needs and maximises value for taxpayers.

Following the commencement of the sale processes of Anzac Park East, Anzac Park West and West Block earlier this year, the Government is now seeking proposals for the sale of East Block.

The National Archives of Australia will temporarily relocate to the Old Parliament House to enable the completion of capital works to the building. The National Archives will return to East Block in approximately September 2018.

Private investment will support urban renewal, revitalisation of heritage buildings, reopening of the former restaurant building next to Anzac Park West and the overdue rebuild of Anzac Park East, which has been unusable for decades.

The approaches to market provide significant development opportunities, and contribute to the revitalisation of key areas within the Parliamentary Triangle precinct, consistent with the National Capital Plan.