Veriu Group has expanded its ACT footprint with the opening of Punthill Narrabundah.
The transfer marks the group’s second property within the capital, following the opening of Punthill Tuggeranong in 2024.
As Australia’s fastest-growing house resort operator, the brand new 86-key house resort is a repositioning of an present property, and has been designed to supply a mixture of studio, one-bedroom, two-bedroom and two-bedroom interconnecting and accessible residences. Every house incorporates a absolutely geared up kitchen and a few embrace courtyards and balconies, interesting to each leisure and company travellers.
The Punthill Narrabundah opening displays Veriu Group’s continued nationwide enlargement, with a rising pipeline of properties throughout each metropolitan and regional Australia. Veriu Group at present has 8 new resorts beneath development throughout the nation together with websites in Adelaide (SA), Ryde (NSW), Epping (VIC), Shepparton (VIC), South Yarra (VIC) and Albury (NSW).
Veriu Group Chief Govt Officer, Zed Sanjana, mentioned the transfer aligns intently with the Group’s long-term technique to increase its presence in markets the place extended-stay demand is each deep and resilient.
“Canberra is a novel market within the Australian lodging panorama, underpinned by a steady and numerous mixture of demand drivers together with authorities, defence, training and company journey,” he mentioned.
“These segments often require longer stays, and that’s the place the Punthill product actually resonates – providing company extra space, flexibility and a real ‘habitable’ expertise that higher fits prolonged visits.
“Following the sturdy opening of Punthill Tuggeranong, the addition of Punthill Narrabundah permits us to broaden our attain throughout town and repair a wider vary of places, visitor segments and journey wants.”
Narrabundah’s inner-south location is a key differentiator for the property. Positioned inside shut proximity to Canberra’s central enterprise district and main authorities precincts, the resort presents handy entry to Parliament Home, the Parliamentary Triangle, key authorities departments and nationwide establishments. Additionally it is effectively related to Canberra Airport and the Brindabella Enterprise Park, a significant business hub supporting company and fly-in/fly-out journey.
The property’s location additionally locations company inside simple attain of a few of Canberra’s hottest life-style and leisure precincts and main cultural points of interest together with the Nationwide Gallery of Australia and Questacon.
