$750m Macquarie Exchange office development given green light
Healthy demand for office space in suburban Sydney is prompting a series of new projects with Singapore-backed Frasers and the private Winten Property Group winning the deal of approval for a $750 million development.
The pair are the latest to forge into the area with companies including Stockland, Dexus and the Goodman Group already sporting a major presence, and more players are getting into the area.
Their bullish approach is likely to pay off with more companies seeking to rent a space in the technology, education and commercial hub building up on the back of improved rail and road connections.
Frasers and Winten say they have received development approval for what they dubbed Australia’s first community business district, the $750 million Macquarie Exchange.
The complex, located at the entrance to Macquarie Park’s new Sydney Metro station, will be on a 15,620sqm site into 83,368sqm of gross floor area across four buildings, of between 17 and nine storeys.
Frasers Property Industrial general manager northern region, Ian Barter, says Macquarie Exchange will provide a much-needed revitalisation of Macquarie Park.