John Holland has been appointed as the preferred developer to deliver Property NSW’s site on Waterloo Road in Macquarie Park as a thriving commercial precinct.
The development site measures 3.2ha and is capable of accommodating up to 117,000sqm of commercial office space over five stages.
The initial stage is set to be delivered in 2019 and will involve a 25,000 sqm NLA pre-commitment by Property NSW.
Chief Executive Officer, Joe Barr, said the $1b+ development will continue to shift John Holland’s focus from being a market leading construction and engineering contractor to a fully integrated property and infrastructure company.
“We are already involved in significant joint venture developments in Brisbane and Adelaide and focused on a number of opportunities across the country,” he said.
“This is a strategic site located in the heart of Sydney’s 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’s full potential, enhance its transport connections and create a precinct for everyone that works, visits and lives in Macquarie Park.”
Development & Investments, Executive General Manager, Tom Roche, said the development would bring significant benefits to the local community.
“This 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. John Holland is proud to be once again be collaborating with the NSW Government to deliver this innovative project.”
Construction is set to commence in late 2017.
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Source: John Holland