21 Jan 2020
SYDNEY, 21 JANUARY 2020
Frasers Property Industrial and Winten Property Group have received development approval for Australia’s first Community Business District – the $750 million1 Macquarie Exchange, which is set to transform Macquarie Park’s commercial business district.
Located at the entrance to Macquarie Park’s new Sydney Metro station, Macquarie Exchange will convert a 15,620 sqm site into 83,368 sqm (gross floor area) across four innovative buildings (MQX 1: 17 storeys, MQX 2, 3 and 4: 9 storeys high).
Ian Barter, General Manager Northern Region for Frasers Property Industrial, comments, “Macquarie Exchange would deliver a pedestrian-focused development that offers an activated retail and amenity rich destination for building occupants and the surrounding Macquarie Park area. Delivering on Ryde Council’s ‘Ryde after 5’ and ‘Macquarie Park CBD’ aspirations, the development is expected to provide a much-needed revitalisation of Macquarie Park.
“The Community Business District would deliver a viable alternative to city locations, with seamless connections via the Sydney Metro Macquarie Park station. Macquarie Exchange is designed to be a place of meaningful collaboration and connection combining rich retail experiences in the laneways and station plazawith relaxing green space in central park, as well as future working environments focused on well-being and sustainability.”
“Businesses and the Macquarie Park community would be able to use the precinct day and night to activateits urban heart, creating a new central destination,” Mr Barter added.
“The development is expected to deliver on both state and local government objectives. It is an exemplary example of what can be collaboratively achieved to deliver jobs and growth to this important employment and innovation precinct which maximises the benefits of existing major infrastructure.”
Macquarie Exchange is approved to comprise 74,093 sqm of commercial (net lettable area), 5,693 sqm of retail including a proposed childcare centre and gym and a central park with over 2,200 sqm of green space.
On completion, over 7,000 employees will work in the urban hub designed by renowned architects Bates Smart.
The approved A-Grade office building with expansive, interconnecting floors, boasts several key features including flexible floorplate sizes (1,500 to over 2,150 sqm) and leasing arrangements, a vast outdoor urban plaza and central park, retail laneway and onsite health and wellbeing facilities. A full-time Community Manager would be dedicated to creating connections utilising state-of-the-art technology in the smart buildings to build community engagement.
Expansive terraces linked via interconnecting stairs create break-out spaces and maximise natural lighting in MQX 1, while MQX 2, 3 and 4 would include rooftop office and terrace spaces, outdoor terraces fronting the streets and interconnecting floors via winter gardens overlooking the park. Activated public spaces and inspirational urban art would intertwine through site links from the Macquarie Park Metro station to the central park area.
The urban commercial park will provide 100 per cent carbon neutral energy to all buildings within the park. It is also designed to achieve a WELL Silver and Core rating, 5 Star Green Star rating from the Green Building Council of Australia and a minimum 5 Star NABERS rating.
Macquarie Exchange is easily accessible to several major transport routes. The new Sydney Metro North West operates trains every four minutes in peak hour to the CBD. The site currently accommodates a helicopter pad on site with only a few buildings in Sydney offering this advantage. Situated on Lane Cove Road and Waterloo Road, the urban commercial park is easily accessible to major arterials including the M2, M4, M7 and Lane Cove Tunnel. Sydney CBD is within a 12-kilometre car journey, and Parramatta is a short 13-kilometre commute. Bus stops adjoin the site with access to 30 different routes.
Macquarie Exchange is a collaboration between two of Australia’s most renowned property developers. Frasers Property Industrial and Winten Property Group have joined forces and pooled their combined 140 plus years of experience.
Construction is anticipated to commence in Q3 2020.
For further information visit: mqx.com.au.
1 Estimated completed development value for Macquarie Exchange as at January 2020.