CONSTRUCTION is now underway on the $750 million Macquarie Exchange project, Australia’s first community business district.
The Frasers Property Industrial and Winten Property Group project is part of the $15 billion urban renewal of Sydney’s Macquarie Park, which is set to become Sydney’s second-largest CBD and deliver thousands of jobs.
The 15,620sqm site will upon completion become a mixed-use district planned around four commercial buildings, eventually offering 83,368sqm of office space and amenities, for more than 7,000 workers.
The project will also emphasize sustainability with an embedded network providing 100% renewable energy to its buildings. As well as targeting a 6 Star Green Star Design & As Built rating, a 5.5 Star NABERS Energy rating, a WELL Silver and Core rating and a WiredScore Gold Certification.
“Macquarie Exchange will be a vital addition to the region, creating thousands of jobs and providing state-of-the-art workplace outside the Sydney CBD that is designed to drive innovation,” said Stuart Vaughan, development director for Winten Property Group.
“Construction commencing at Macquarie Exchange demonstrates our confidence in the Macquarie Park market, which is solidified by its stable demand profile, as well as its superior public transport connectivity,” said Vaughan.
The community business district sits 18km from the heart of Sydney and is adjacent to the Macquarie Park Metro Station, providing simple access to the Sydney CBD and surrounding suburbs.
“The precinct will be a dynamic, amenity rich destination for both workers and the local community, with fantastic transport connections especially given the proximity of the new Macquarie Park Metro Station,” said Ian Barter, general manager, northern region, for Frasers Property Industrial.
The precinct will boast activated retail amenities, while each commercial building will include rooftop spaces for use as offices and terraces.
“Along with our partners, Frasers Property Industrial is excited to deliver this key infrastructure for Macquarie Park and play an active role in its urban renewal,” said Barter.
Stage one of the Macquarie Exchange project is anticipated to create more than 2,000 construction jobs, with Roberts Co appointed as construction contractor.
“We are thrilled to have been appointed as construction contractor for the MQX4. Collaborating and maintaining strong relationships with our partners is key to our success at Roberts Co, and we are looking forward to this journey with Winten Property Group and Frasers Property Industrial,” said Alison Mirams, CEO of Roberts Co.
Practical completion of stage one is scheduled for quarter two of 2022.
