Capital Property Group, the business founded by the late Rich Lister Terry Snow, is set to make its mark on Canberra once again with a $650 million hotel, office and residential precinct on London Circuit, expanding the CBD south-west towards Lake Burley Griffin.

The private developer and landlord is taking on its third-largest project after Canberra Airport and adjacent commercial facilities and the Denman Prospect residential subdivision at the 20,000-square metre site it purchased from the ACT government for $66 million.