The $750 million Macquarie Exchange has received development approval, with a community business district shaping up as a place of “meaningful collaboration and connection” says Frasers Property Industrial’s Ian Barter.
Located at the entrance to Macquarie Park’s new Sydney Metro station, this collaboration between Frasers Property Industrial and Winten Property Group is set to convert a 15,620 sqm site into 83,368 sqm across four buildings.
Barter, general manager for the northern region at Frasers Property Industrial, says Macquarie Exchange “is expected to provide a much-needed revitalisation of Macquarie Park”.
“Businesses and the Macquarie Park community would be able to use the precinct day and night to activate its urban heart, creating a new central destination.”
Macquarie Exchange is approved to comprise 74,093 sqm of commercial and 5,693 sqm of retail space, including a proposed childcare centre and gym. A central park will offer more than 2,200 sqm of green space.
On completion, 7,000-plus employees will work in the urban hub designed by Bates Smart.
The approved A-Grade office building with expansive, interconnecting floors boasts flexible floorplates, a vast outdoor urban plaza and central park, retail laneway and onsite health and wellbeing facilities.
A full-time community manager would use state-of-the-art technology in the smart buildings to foster community engagement.
The urban commercial park will provide 100 per cent carbon neutral energy to all buildings. The park 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 and the currently accommodates a helicopter pad.
Barter says it is an exemplar how a collaborative approach can “deliver jobs and growth to this important employment and innovation precinct” by maximising “the benefits of existing major infrastructure”.
Construction is expected to kick off in the third quarter of 2020.