Property NSW鈥檚 3.2ha site on Waterloo Road in Macquarie Park is capable of accommodating up to 117,000m2 of commercial office space over five stages. The initial stage will be anchored by a net lettable area of 25,000m2 to be delivered in 2019.
John Holland chief executive officer Joe Barr said the AU$1bn+ (拢610m+) development continues John Holland鈥檚 shift in focus from being an engineering and construction contractor to a fully integrated infrastructure and property company. 鈥淲e are already involved in significant joint venture developments in Brisbane and Adelaide and focused on a number of opportunities across the country,鈥� he said.
鈥淭his is a strategic site located in the heart of Sydney鈥檚 second biggest commercial district and adjacent to the soon to be upgraded Macquarie Park Sydney Metro station. We look forward to working with Property NSW and the City of Ryde to unlock the site鈥檚 full potential, enhance its transport connections and create a precinct for everyone that works, visits and lives in Macquarie Park.鈥�
Executive general manager, development & investments, Tom Roche, said the development would bring significant benefits to the local community. 鈥淭his development will deliver a boost to the local economy, create over 4,000 jobs during the development phase and ultimately house over 2,500 office workers, cementing Macquarie Park as a key employment centre within Sydney.鈥�
Development is scheduled to begin in late 2017.
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