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On 15 November 2010, Charles Darwin University (CDU), CIC Australia Limited (CIC) and the Larrakia Development Corporation Pty Limited (LDC) executed a project development agreement to create a residential community in Palmerston, south of Darwin.

CIC and LDC’s successful bid resulted from a nationwide call for expressions of interest in partnering with the CDU for the development of the project. The preferred partner in the project was named in May 2010 and the announcement was followed by extensive community consultation.

This resulted in the rezoning of the site, approximately 20 minutes east of the Darwin CBD at Durack, to Special Use. The rezoning allows the development of a new residential precinct to proceed as a part of the NT Government’s Housing The Territory initiative.

The Heights, Durack will deliver more than 800 residential dwellings and a further 70 dwellings for independent retirement living over the next decade, with a value of approximately $450 million at build-out. The project’s design ensures the new development will be integrated with the existing suburb of Durack and Palmerston Town Centre.

A key feature of the project will be the diversity of housing options available, from first home buyers to empty nesters, and young professionals to those looking for retirement living accommodation. Fifteen per cent of the dwellings offered within the project will meet affordable housing criteria, and the overall cost of innovative Lifestyle Housing house and land packages will be below the threshold determined by the Northern Territory Government.

The Heights, Durack will be the second major joint venture project CIC Australia has undertaken in Darwin, following the nationally recognised Lyons project in the city’s northern suburbs. CIC will be responsible for the project management, sales and marketing and community development for the project. Joint venture partner LDC has successfully delivered quality housing in projects like Rosebery Heights (Darla) in the Palmerston area and at Lyons. Through its projects, LDC provides cultural and employment opportunities for Larrakia people.