Macquarie Park is one of Sydney’s largest business districts and a rapidly growing residential and commercial precinct The Australian Government and NSW Government are investing nearly $200 million to improve transport in Macquarie Park and help create a vibrant green ‘heart’ for the precinct It needs public spaces and paths for people and a road network and bus system to support that growth and provide the transport connections that are vital for economic activity and social connection.   Buses are a key part of Sydney's growing and evolving public transport network Sydney's buses provide more than 220 million trips a year across the city the bus system needs to meet the challenges that growth brings This work will support Macquarie Park's growth ensuring we can meet the area's future transport needs while guaranteeing Macquarie Park remains a great place to live Some documents on this page may not comply with accessibility requirements (WCAG) If you are having trouble accessing information in these documents, please contact us For further information please contact our project team: Email:Macquarie.Park@transport.nsw.gov.au Transport for NSW recognise and celebrate the diversity of Aboriginal peoples and their ongoing cultures and care of Country We pay respect to traditional custodians and Elders past and present The future of Macquarie Park is crucial for Greater Sydney’s growth as an innovation hub to attract global businesses and create new jobs for the city’s residents The Park is currently home to one of Australia’s largest universities plus multiple innovation and technology businesses growth is constraining how the park can operate creating challenges for social infrastructure Arup’s team worked with the local community developing strategies to maximise its potential to evolve into a thriving innovation district fit for the 21st century our work has focused on envisioning a future for Macquarie Park that honours its heritage and natural assets while addressing modern challenges and fostering growth With a focus on three core objectives of enhancing the quality of place we undertook a strategic infrastructure and services assessment Shaping the outputs with community and stakeholder input we then supported delivery of a place strategy and masterplan Originally known by its aboriginal name of Wallumatta Macquarie Park was historically a hub of learning and trade central to all aspects of life and culture the park is vital to the local and national economy and is home to employees students and the wider North Ryde community Arup developed a strategy for sustainable growth and infrastructure investment over the next 20 years that will ensure the park remains an important economic hub and a vibrant place to live The masterplan for Macquarie Park Innovation District had to tackle modern day challenges; the provision of affordable housing a vibrant ground-level experience and a higher quality public realm Sitting within the Macquarie Park Corridor the strategic investigation area covers approximately 170 hectares bounded by Lane Cove River and National Park to the north-east and Shrimptons Creek running north-south through the site including the opening of Sydney Metro Northwest has unlocked new opportunities through better connections with Sydney’s central business district (CBD) and access to a skilled workforce The whole area is undergoing a significant transformation however the park is currently suffering from poor amenities provision and a disconnect from its culture and ‘Ngurra’ meaning‘home country or place of belonging’ in aboriginal language Key to maximising the potential of the area our masterplan developed seven neighbourhoods each with their own framework defining improved connectivity open spaces and dispersal of space for jobs Each neighbourhood draws on their existing features economic attributes and environmental conditions including topography and historical assets With clear definition between each neighbourhood greater flexibility is allowed to deliver the proposed improvements over time Our masterplan developed seven neighbourhoods Access to high-quality green infrastructure is a core element of quality of place Healthy and attractive places require a mixture of open spaces to meet the needs and expectations of urban living enhanced tree canopy and new connections to areas of natural beauty.  Macquarie Park residents will benefit from being located nearby Lane Cove National Park and new pedestrian routes will increase the ease of access between the two Shrimptons Creek also runs north-south through the site Several ‘lost’ creek lines have been used to establish a network of finer-grain streets The presence of Macquarie University alongside innovation and technology-based businesses has contributed to Macquarie Park’s reputation as a hub for knowledge exchange A key aspiration for the future of the park is to integrate more closely with the business and technology ecosystem innovation hubs and incubator spaces for emerging innovators will be provided beyond the boundary of the main campus  A culture of sharing will be cultivated with programmed networking opportunities for students and businesses supported with access to spaces for startups Arup has been a long-term partner with Macquarie University, providing specialist services for designing vibrant and sustainable spaces for home-grown talent, including Macquarie University Incubator and the Ainsworth Building both central to the new plans for Macquarie Park planned new roads and the proposed fine grain pathways or non-grid form routes The Open Space framework consolidates recommendations for new open spaces to support residential uses improve amenity for workers and increase the provision of more fine-grained open space and shared spaces The Land Use framework sets out the approach to diversification providing illustrative locations for new catalyst sites distinguished and identifiable through their diverse functions Arup (the service provider) achieved the objectives and requirements of the specified brief to an exceptional standard Arup executed a well-constructed and adaptive methodology beyond traditional urban design led approaches by drawing upon interrelated disciplines and industry thought leadership Design & Public Spaces | Department of Planning Greater Cities Commission (GCC) / Country Centered Design Consultancy – Old Ways Delivered a 20-year strategy to guide sustainable growth and infrastructure investment while ensuring the future of a thriving innovation district Partnered with local communities to uncover the history of the site increasing access to a national park and enhancing green spaces Created seven neighbourhoods with specific frameworks that are set to increase biodiversity and provide 20,000 jobs and 7,650 new homes If you'd like to speak to one of our masterplanning experts about any of the issues raised on this page or a potential collaboration then please get in touch by completing the form Capping off an exceptionally busy twelve months earlier this week the Veriu Group officially opened the doors of its latest property Located in Lane Cove Road in the heart of Sydney's thriving Macquarie Park business hub and developed in partnership with HOLDMARK Property Group the new hotel brings the total number of properties in the boutique apartment hotel operator's rapidly expanding portfolio to 25 With 184 studio and one-bedroom apartments this is the Group's largest hotel to date - and one of the biggest in the area Guests staying at the new state-of-the-art apartment property will have access to a full suite of top-notch offerings and amenities quality and innovation for which the Veriu brand has become increasingly renowned As with other properties in the Veriu portfolio the hotel features plenty of configured and contemporary spaces Each fully self-contained apartment (including Studio Two Bedroom- Adjoining and Adjoining Studio options) is perfectly 'suited and booted' for longer stay solo travellers - and all come equipped with kitchen facilities 24-hour reception with self-check-in and check-out kiosks for seamless service expansive conference and meeting facilities and even bike racks and rental bikes for eco-conscious travellers will cater to both the corporate and leisure market with the new property expected to deliver the ease and accessibility of the office with all the comforts of home And for guests in need of a little sustenance is also the place to head for premium continental breakfasts and freshly baked pastries One of Sydney's major business and technology precincts Macquarie Park is home to numerous multinational corporations as well as Macquarie Hospital and Macquarie University Its location midway between Newcastle and Sydney also makes it a crucial link in the state's economic corridor enhancing the new hotel's appeal to the high volume of business travellers and professionals attending conferences 2024 has been a busy one for the Victorian-based Group with a raft of openings including Punthill Sunshine in Melbourne's busy western corridor; its first regional NSW Punthill property - Punthill Maitland; and its first ACT property - Punthill Tuggeranong Construction is also well underway on Punthill Ryde in Sydney's north west with the Group's first South Australian property - Veriu King William Adelaide More announcements about the opening of new Veriu and Punthill apartment hotels at various sites are expected from the Veriu Group in the coming months Hotel website Brand OwnerVeriu Group Transport for NSW (Transport) is building a new battery electric bus depot at Macquarie Park The Macquarie Park Bus Depot will accommodate around 165 battery electric buses supporting public transport services to the lower North Shore and Northwest suburbs of Sydney Macquarie Park Bus Depot will be the first purpose-built battery electric bus depot delivered as part of the Zero Emission Buses Program a NSW Government initiative to transition the State’s 8,000 plus diesel and natural gas public transport buses Planning approval has been granted for the Macquarie Park Bus Depot an infrastructure project jointly funded by the Australian and NSW Governments and delivered by Transport as part of the Zero Emission Buses Program.  This decision follows the public display of the Review of Environmental Factors (REF) and preparation of a Submissions Report We received 64 submissions during the public display period Each submission has been considered and responded to anonymously in the Submissions Report.  The Decision Statement and Submissions Report are available to view or download under the Reports section of this webpage Procurement is currently underway for a design and construction partner with award of the contract expected mid 2025 Detailed design will start following contract award Subject to further investigation during detailed design construction is expected to start around late 2025 and be completed by late 2027 We will notify the community as the project progresses and in advance of any construction activities commencing Note: Dates are subject to change pending preferred tenderer's program submission A worker has been injured after he fell through a deck at a construction site in Sydney's north-west fell three metres before impaling himself on his buttocks at Talavera Road at Macquarie Park shortly before 11am on Monday It remans unclear what the worker landed on Emergency services found the man fully alert and conscious with non-life-threatening injuries Paramedics rushed the worker to Royal North Shore Hospital The construction site is understood to be for the 'La Vera' apartment project being built by Urban Property Group SafeWork New South Wales is now investigating the matter, telling Daily Mail Australia 'SafeWork NSW has been notified of an incident that occurred just before 11am today at Macquarie Park involving the fall of a construction worker.' 'SafeWork NSW is continuing its inquiries and no further comment is available at this time.' they added.  Urban Property Group has been approached for comment by the Daily Mail Australia.  Major terror attack 'was just HOURS away' before it was foiled by the special forces and police:... Victim of acid attack 'plotted by his ex-partner who teamed up with a gang' dies in hospital six... We are trapped in unsellable newbuild homes after a £52m dual carriageway was built on our... Pub is forced to pay family £75,000 after wrongly accusing them of 'dine and dash' over £150... Horror as $4.5M influencer-laden yacht SINKS off Miami... after glam women made a rookie maritime... How Meghan's biggest cheerleader brokered Harry's disastrous BBC interview - three months after... Woman dead and three others including a child injured after car ploughed into pedestrians: Man, 49,... 'It's a rather giant f*** you.' Royal insider's furious reaction to Meghan's Instagram salvo as... 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No one seems to have shared their thoughts on this topic yetLeave a comment so your voice will be heard first. {{message}} IT SEEMS THE PAGE YOU'RE LOOKING FOR HAS GONE ASTRAY GO BACK TO THE HOME PAGE. at 161 Herring Road and 13-15 Lachlan Avenue is 300m from the Macquarie Park Metro rail station and Macquarie Park Shopping Centre.\u003c/p\u003e\u003cp\u003eThe apartment tower plans include a rooftop garden and upgrades to surrounding streetscapes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eThe proposal is aiming for a 7-star average rating under the Nationwide House Energy Rating Scheme (NatHERS) onsite solar energy generation and energy efficient design.\u003c/p\u003e\u003cp\u003eDeicorp also said that the design for the proposed building would be informed by connection to Country principles and engaging with local elders of the traditional owners of the site the Wallumattagal clan of the Dharug Nation.\u003c/p\u003e\u003cp\u003eAs a State Significant Development which has also attracted major investment from the likes of Landmark and Freecity.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003e“Delivering homes connected to key transport infrastructure like the Northwest Metro ensures convenience and value for our purchasers,” Deicorp chairman Fouad Deiri said in a media statement.\u003c/p\u003e\u003cp\u003e“Being able to provide housing that is affordable for essential workers .. makes this project even more important.”\u003c/p\u003e\u003cp\u003eSpeaking at \u003cem\u003eThe Urban Developer’s\u003c/em\u003e Sydney Residential Development Summit in May Deiri said that a key to Deicorp’s success in a challenging market was\u003ca data-mce-href=\"https://www.theurbandeveloper.com/articles/deicorp-sydney-residential-summit-foaud-deiri\" href=\"https://www.theurbandeveloper.com/articles/deicorp-sydney-residential-summit-foaud-deiri\" target=\"_blank\" rel=\"noopener\"\u003e its builder-developer model.\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eThis approach has allowed Deicrop to undertake an ambitious pipeline of apartment development Lendlease’s third residential building in the Collins Wharf precinct of Victoria Harbour.\u003c/p\u003e\u003cp\u003eThe 28-storey building at 971 Collins Street in Melbourne’s Docklands will deliver 312 homes in a mix of one two and three-bedroom apartments as well as townhouses and penthouses.\u003c/p\u003e\u003cp\u003eAccording to Lendlease the project has already secured more than 50 per cent in presales.\u003c/p\u003e\u003cp\u003eHickory is the construction contractor—it completed the precinct’s first development in 2019 and is also working on LendLease’s second tower Regatta.\u003c/p\u003e\u003cp\u003eFor Ancora Hickory is implementing several technical construction methods including various piling techniques and precast concrete solutions that enable a parallel-track construction program.\u003c/p\u003e\u003cp\u003eThe building’s facade designed by architect Warren and Mahoney uses a three-stage design incorporating double-glazed glass and textured precast concrete with Reckli and brick finishes.\u003c/p\u003e\u003cp\u003eThe structural design transitions from a solid podium base to lighter upper levels “reflecting a maritime theme” aligned with the Collins Wharf design objectives.\u003c/p\u003e\u003cp\u003eAncora will connect to the neighbouring Regatta development via a podium allowing resident access to shared amenities.\u003c/p\u003e\u003cp\u003eDesigned as an all-electric building that includes electric vehicle infrastructure the development is targeting a 5 Star Green Star certification Completion is expected in 2027.\u003c/p\u003e\u003cp\u003eRegatta including build-to-rent and build-to-sell units.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eExtensive wharf works including remediation of pre-existing wharf piles installation of raker piles and construction of the extension to Australia Walk are also part of the project.\u003c/p\u003e\u003cp\u003eTechnical challenges include constructing on the finger wharf and co-ordinating extensive above-wharf road reserve and public parkland works.\u003c/p\u003e\u003cp\u003eThe Collins Wharf precinct will ultimately comprise six residential buildings of more than 1800 homes surrounded by over 5000sq m of parks and community space.\u003c/p\u003e\u003cp\u003eLendlease is developing the parkland concurrently with the residential components including the extension of Australian Walk that forms part of the City of Melbourne’s Greenline project.\u003c/p\u003e\u003cp\u003eLendlease executive director of development Adam Williams said Collins Wharf “is fast becoming a sought-after address .. which took just a handful of hours to emerge on Saturday night the Coalition’s failure to sway voters has come under intense scrutiny.\u003c/p\u003e\u003cp\u003eIts lack of policies around property that resonated with voters has been a large part of that criticism.\u003c/p\u003e\u003cp\u003eAmong those policies was a $5-billion infrastructure program to unlock up to 500,000 new homes was greeted with no small amount of scepticism.\u003c/p\u003e\u003cp\u003eThe Coalition also campaigned on its previously revealed plan to allow first home buyers to draw down on their superannuation giving access to up to $50,000 to help fund mortgage deposits.\u003c/p\u003e\u003cp\u003eWhile that proposal had won some support it got the thumbs down from many of Australia’s top economists who said the measure could prove highly inflationary among other issues.\u003c/p\u003e\u003cp\u003eSimilarly its plan to allow mortgage interest for first home buyers to be tax-deductible was roundly criticised for its likely inflationary and regressive effects.\u003c/p\u003e\u003cp\u003eIt has also been pointed out that the Coalition’s rejection of the Green’s policies around housing supply affordable housing and help for renters did it no favours.\u003c/p\u003e\u003cp\u003eThe ALP went to the polls spruiking an extension of schemes introduced during its previous term including a $10-billion promise for its first-home buyers’ scheme to encourage 100,000 more homes.\u0026nbsp;\u003c/p\u003e\u003cp\u003eIt also had its Help to Buy shared equity scheme under which the Government pays up to 40 per cent of the house price to point to.\u003c/p\u003e\u003cp\u003eIf it was these policies per se or the lack of detail and depth to the Coalition’s the nation's ready for the Albanese government to act.\u003cbr\u003e\u003cbr\u003e\u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003eWhat is clear been endorsed to follow through on its policies and fix the crisis that is crippling the Australian property sector.\u003c/p\u003e\u003cp\u003eAs Urban Taskforce Australia chief executive\u0026nbsp;Tom\u0026nbsp;Forrest has pointed out it is time for the Federal Government to get back to work.\u003c/p\u003e\u003cp\u003e“Housing affordability and housing supply featured large during the campaign,” Forrest said.\u003c/p\u003e\u003cp\u003e“The key now is for the Government to strike while the iron’s hot.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“If legislation is needed to support the delivery of Labor’s $10-billion 100,000 new homes commitment—then pass it through the parliament now and get on with it.”\u003c/p\u003e\u003cp\u003eThe states have made many changes to how they enable home development The Federal Government’s support of that is crucial to its success material supply assistance or any other factor that affects getting homes out of the ground.\u003c/p\u003e\u003cp\u003eThis has been a pivotal election Then Cities for Total Fan Immersion\",\"slug\":\"billionaire-arsenal-rams-denver-nuggets-sports-anchored-precincts\",\"datePublished\":\"2025-04-30T00:00+10:00\",\"tags\":[],\"summary\":\"Why your next home might be stadium-adjacent; sports are the hook The prolific developer has filed plans for a 17-storey tower that would include an affordable component of 27 units to be managed by a registered community housing provider is 300m from the Macquarie Park Metro rail station and Macquarie Park Shopping Centre The apartment tower plans include a rooftop garden and upgrades to surrounding streetscapes The proposal is aiming for a 7-star average rating under the Nationwide House Energy Rating Scheme (NatHERS) onsite solar energy generation and energy efficient design Deicorp also said that the design for the proposed building would be informed by connection to Country principles and engaging with local elders of the traditional owners of the site the Wallumattagal clan of the Dharug Nation it will be determined by the NSW Department of Planning “Delivering homes connected to key transport infrastructure like the Northwest Metro ensures convenience and value for our purchasers,” Deicorp chairman Fouad Deiri said in a media statement “Being able to provide housing that is affordable for essential workers .. Speaking at The Urban Developer’s Sydney Residential Development Summit in May, Deiri said that a key to Deicorp’s success in a challenging market was its builder-developer model.  TOGA is making great strides in the construction of its latest Macquarie Park apartment project, Macquarie Rise The iCIRT-rated builder-developer has installed the first crane on the Herring Road site which by mid-2027 will home 265 apartments and 5,000 sqm office and retail space across three towers Anthony Falas, Head of Sales at TOGA, says Macquarie Park continues to show strong fundamentals for both investors and owner-occupiers offering a vibrant community and exceptional connectivity "The sales success of Macquarie Rise reflects the outstanding design and prime location of the project," Falas says "The strong market demand for our high-quality flexible apartments underscores the trust in TOGA’s ability to deliver exceptional living spaces." Over 25 per cent of sales have come from previous purchasers or referrals from those purchasers Over 100 of the apartments were sold off the plan within weeks of launch last year Designed by Turner Studio with interiors by Stack Studio, Macquarie Rise draws inspiration from hospitality design to create homes that are elegant Many apartments include a versatile multi-purpose room – an increasingly popular feature as residents seek flexible spaces to accommodate home offices Future residents will enjoy exclusive access to Club Rise which features a 20-metre rooftop lap pool a business lounge with bookable meeting rooms and even a karaoke and cinema room – all designed to support a balanced and connected lifestyle As TOGA advances toward vertical construction, excitement continues to build around the precinct’s contribution to Macquarie Park’s evolution as a thriving urban village The $400 million development – being delivered in partnership with Baptist Union NSW and Morling College – is set for completion in mid-2027 We're on a mission to radically improve the quality of Urban communities being developed across Australia We aim to showcase every development in Australia to help you find the perfect new home  We’re proposing a precinct and bus interchange upgrade that creates a place for people to enjoy The proposed project will connect people to Macquarie University Macquarie Business Park and residential and commercial areas The upgrade will improve travel efficiency and connectivity making it easier for people to move safely into and around Macquarie Park We’re proposing a significant public domain and green space with mature trees public art and a diverse range of civic spaces In collaboration with adjacent land owners That’s the size of three Olympic swimming pools We have been working closely with City of Ryde Council Macquarie University and Macquarie Centre to ensure the proposed precinct and bus interchange upgrade benefits the whole community Arial view of the intersection of Herring Road and Waterloo Road 'Before' view looking from the corner of Waterloo Road and Herring Road 'After' view looking from the corner of Waterloo Road and Herring Road showing the wide pedestrian crossing and connecting the two Sydney Metro station entries 'Before' view along Herring Road looking south along the eastern verge public domain area including tree lined pedestrian areas and public seating 'Before' view along Herring Road looking along the eastern verge public domain area including tree lined pedestrian areas Note: artist’s impression images are featured on this page Design and finishes are subject to further development Elements such as street furniture and public art will be determined through consultation and delivered by others The future Macquarie Centre and Macquarie University developments are indicative only and subject to relevant planning approvals We held two online Q & A sessions - Wednesday 24 August and Thursday 1 September The recordings from the information sessions are in this section In these videos our panel answers a lot of questions on the project on traffic REF (Review of Environmental Factors) Submissions for the Macquarie Park Precinct and Bus Interchange upgrade closed Thursday September 8 and a road network and bus system to support that growth and provide the transport connections that are vital for economic activity and social connection The existing bus interchange was built in the 1980s and cannot meet future demand More than 1440 buses carrying 10,700 passengers currently use the bus interchange on Herring Road each weekday Bus customers are expected to increase by 288% by 2036 with Metro customers increasing by 187% in the same period With two major developments planned either side of the interchange for Macquarie Centre and Macquarie University the proposal will create a vibrant public realm as the civic heart of Macquarie Park Macquarie Park is already one of Sydney’s largest business districts a road network and bus system to support that growth You can find more about the proposal and the community benefits in the latest community update (PDF, 1.28Mb) The Macquarie Park Precinct and Bus Interchange Review of Environmental Factors (REF) closed for comment on 8 September We want to thank those community members who took the time to comment on the REF This feedback has been read and responded to in the Macquarie Park Precinct and Bus Interchange Submissions Report You can find this report in the Project Documents list below If you are not yet a subscriber and want to receive updates on the Macquarie Park Precinct and Bus Interchange project, email us at Macquarie.Park@transport.nsw.gov.au to subscribe for updates Transport for NSW has begun investigation work along Herring Road Waterloo Road and Talavera Road to help inform the detailed design These early works include surveying above ground and potholing below ground to identify utilities Pavement and geotechnical investigation activities along Herring Road will also occur Details of this work can be found at the Community Updates section below We prepared a Review of Environmental Factors (REF) which examined the potential social and environmental impacts of the proposed precinct bus interchange and bus layover improvements The REF process allows the project team to identify ways in which these potential impacts can be addressed and managed in the community's best interests The REF display was an opportunity for the community to review the proposal and the environmental assessments and share their comments and feedback The Macquarie Park Precinct and Bus Interchange REF closed on Thursday 8 September You can read the REF document and the Community Update in the Project Documents list below Macquarie Park Precinct and Bus Interchange upgrade Email: Macquarie.Park@transport.nsw.gov.au Crowne Plaza Sydney Macquarie Park has officially arrived in Sydney's northwest welcoming its first guests to the new premium hotel the transition to Crowne Plaza by IHG has redefined the guest experience at the hotel with quality accommodation and modern amenities In the first phase of its elevated upgrade a light design refresh to its public spaces and updates to the restaurant and bar Crowne Plaza has announced a refurbishment where public spaces and guest rooms will be transformed in line with the global brand's refreshed standards the plans include a complete makeover of its lobby and welcome area introducing a more contemporary aesthetic with modern furnishings and striking design elements The property's 196 rooms will also be reimagined as part of the upgrade creating more comfortable and flexible spaces Room updates have already seen enhancements to in-room technology amenities from the vegan and organic skincare brand The hotel offers a place for blended travel and central location with easy access to Sydney CBD events at Sydney Olympic Park and Lane Cove National Park The hotel is ideally located near key business hubs offering a quick 15-minute ride to Sydney's city centre Bringing fresh leadership to guide the property through its transition and spearhead its new era ahead with world-class branding through IHG Hotels & Resorts under a franchise agreement Tom Marsic has joined as Portfolio General Manager while Toby Paul has been appointed Crowne Plaza Sydney Macquarie Park Hotel Manager Toby Paul says that the hotel is a welcome addition to the vibrant Macquarie Park precinct which serves as the headquarters for numerous local Guests can enjoy the fully equipped fitness centre catch up with emails in the 24-hour business centre or indulge at the hotel's on-site restaurant Bistro which offers modern Australian cuisine with sleek decor and an alfresco dining option Crowne Plaza Sydney Macquarie Park will unveil further enhancements including an elevated dining experience led by Bistro Executive Chef With dishes including Chef Sabhlok's signature Slow Cooked Beef Short Ribs with Celeriac he will bring a fresh take on Modern Australian cuisine Chef Sabhlok is also set to overhaul the hotel's catering offering for meetings and events in 2025 Offering 259 sqm of meeting and events space the hotel facilitates everything from small gatherings and board meetings to seminars and memorable receptions as well as catering and outdoor BBQ options As part of IHG Hotels & Resorts and Crowne Plaza's commitment to responsible travel the hotel has implemented a series of new sustainable processes as part of the transition Crowne Plaza Sydney Macquarie Park will actively reduce waste divert' plan to minimise food waste at the hotel Hotel website Brand OwnerIHG Hotels & Resorts Error: no decision tree source folder detected An 83-year-old driver has died after a single vehicle crash in Sydney’s north west NSW Police say that at around 1.35pm today emergency services responded to reports of a green convertible colliding with a barrier at the intersection of Delhi Road and the M2 “Officers from Ryde Police Area Command and NSW Ambulance paramedics performed CPR on the 83-year-old male driver but he died at the scene,” NSW Police said in a statement A 14-year-old male passenger in the vehicle was uninjured He was taken to Randwick Children’s Hospital as a precaution “A crime scene has been established and an investigation into the incident has commenced Traffic diversion are currently in place and motorists are urged to avoid the area A report will be prepared for the information of the coroner.” Police are urging anyone who may have witnessed the incident – or has any available dashcam/mobile phone footage – to contact Ryde Police Station or Crime Stoppers on 1800 333 000 Information and Events for Seniors throughout Australia Contact us: newsdesk@australianseniorsnews.com.au Leading Australian property developer TOGA has officially broken ground on its latest mixed-use residential development, Macquarie Rise, in Macquarie Park Macquarie Rise comprises three residential towers with 268 one rise above a two-level podium with commercial office Designed by the award-winning Turner Studio and with interiors by hotel specialist Stack Studio, the project intends to deliver a hotel-inspired lifestyle in one of Sydney’s most well-connected urban hotspots  Many apartments include a versatile multi-purpose room – an increasingly popular feature as residents seek flexible spaces to accommodate home offices Construction commencement follows a highly successful sales launch, with over 100 apartments already sold off the plan. The strong demand reflects a growing trend among buyers seeking a balance of lifestyle, connectivity, and quality in one of Sydney’s key growth corridors Allan Vidor AM, Managing Director of TOGA, said the early sales success of Macquarie Rise demonstrates the growing appetite for flexible, high-quality apartment living in Sydney’s wider city centres "Buyers from all over Sydney are increasingly drawn to areas like Macquarie Park which offer a perfect blend  of city living and residential tranquillity.”  Residents at Macquarie Rise will have access to Club Rise an exclusive club lounge with work and study areas all thoughtfully integrated into the development to promote a balanced lifestyle Hsiu-Ying Hsu Su, who recently purchased her third apartment in a TOGA development, said Macquarie Rise was an easy choice from both an investor and future resident standpoint “Having already lived in two TOGA developments I’ve always been impressed by their commitment to quality "I’ve recommended TOGA to several friends because I believe in the long-term investment value and lifestyle they deliver  I’m excited to see this vibrant area grow and can’t wait to move into my new home.”  TOGA’s in-house construction group is kicking off construction on Macquarie Rise ensuring seamless delivery across all stages of the project while maintaining the highest standards of quality Located at 122 Herring Road, Macquarie Park the development is being delivered in partnership with Baptist Union NSW and Morling College Construction is scheduled for completion in 2027 Axis Communications has opened its second Australian experience centre in Sydney's Macquarie Park technology precinct showcasing the company's latest security and surveillance innovations The new Axis Experience Centre (AEC) was inaugurated yesterday in a ceremony attended by Ryde mayor Trenton Brown and Swedish deputy ambassador Nils Hedberg Grimlund "We are proud to open our Sydney Axis Experience Centre today and bring this world-class innovation space to one of Australia's fastest growing technology hubs," Wai King Wong, regional director for Oceania at Axis Communications The facility joins Axis' global network of innovation hubs in cities including Singapore the centre features hands-on demonstrations of the company's technologies applied to real-world challenges across various industries Visitors can experience AI-powered video analytics for applications such as people flow monitoring and hard hat compliance detection The centre also showcases hybrid cloud and edge solutions radar and thermal imaging for perimeter protection "This is not just a showcase of what Axis can do It's a place where we invite our customers and partners to innovate with us," Wong said The Sydney AEC aims to support knowledge-sharing co-development and hands-on training for organisations across transportation the Swedish company specialises in network technology solutions for security and business performance with approximately 4,500 employees across more than 50 countries worldwide 2024Raine & Horne has launched a new office in Macquarie Park a rapidly growing innovation district in northern Sydney with the dynamic duo of Winston (Chengxiang) Huang and Bo Li at the helm Mr Huang and Mr Li are directors of the independent agency K2 Real Estate which they launched in 2015 and bring extensive experience in real estate sales marketing and property development to Raine & Horne Macquarie Park The new Raine & Horne principals bring broad industry experience to their new venture including successfully completing a townhouse development Mr Huang has been in real estate since 2012 and has a master’s degree in Property Development from the University of Technology Sydney (UTS) He also has an accounting degree from Macquarie University the innovation district’s focal point who arrived in Australia from China in 2002 holds a Bachelor of Civil Engineering from the University of NSW Known for his friendly and patient demeanour Mr Li ventured into real estate in 2010 at the encouragement of friends after finding limited opportunities in civil engineering in Sydney When the real estate market surged in 2012 Mr Li who has lived in or near North Ryde and the Macquarie Park region since arriving in Australia was hooked A strategic location in a thriving innovation hub Macquarie Park emerged from North Ryde as recently as 1999 and has evolved into one of Sydney’s most dynamic innovation districts Home to Macquarie University and the headquarters of many major multinational firms, the area also hosts a thriving community of startups and established Australian businesses. The district offers excellent transport links via the Metro and M2, extensive bus routes, and close proximity to Macquarie University’s research and talent pool. With over 63,000 jobs[i] located in the district Macquarie Park offers an ideal environment for business growth “We plan to service Macquarie Park and surrounding areas such as North Ryde Marsfield and beyond,” said Mr Huang who lived in the Macquarie Park district for over a decade “Macquarie Park is an excellent location to own a property as it has strong infrastructure making it highly attractive for families and professionals “The area offers great convenience with amenities like Macquarie University and householders have the magnificent Lane Cove National Park on their doorstep.” The Macquarie Park real estate market is predominantly focused on apartments with the median price for a two-bedroom unit sitting around $910,000 Most apartments in the area have been built within the last decade “Many buyers are young professionals or former Macquarie University students who know the area well Families and downsizers are also drawn to the area’s amenities and job opportunities.” Commenting on the decision to join Raine & Horne which recently unveiled a major brand refresh and joining forces with them will create new opportunities for us in residential real estate “We can’t wait to tap into this background and experience This transition will also help us expand our sales business and grow our rent roll while attracting experienced property managers It’s a win-win situation for Raine & Horne and us.” Mr Li also expressed gratitude for the opportunity to partner with Raine & Horne describing it as a trusted and respected brand “We are very excited to be joining Raine & Horne a family owned and operated business which has been in real estate for 141 years.” For all your sales and property management needs in Macquarie Park and surrounding suburbs, visit https://rh.com.au/macquariepark/ or visit the brand new office at 21 Delhi Road located inside the North Ryde Metro Station [i] https://www.connectmpid.com.au/about-macquarie-park Level 11, 447 Kent StreetSydney, 200002 9258 5400 189 Kelvin Grove RoadKelvin Grove, 405907 3031 0333 8 Greenhill RoadWayville, 503408 8361 3078 Level 11, 552 Lonsdale StreetMelbourne, 300003 9510 2777 Suite 8, 136 Davey StreetHobart, 700003 6231 0000 The precinct is being developed by Frasers Property Industrial and Winten Property Group, who formed a partnership in 2006. Macquarie Exchange’s inaugural building, MQX4, on the Macquarie Park site opened in October, 2023, comprising 20,735sq m of premium office space over eight floors crowned by a rooftop terrace. Powered exclusively by renewable energy, the building achieved WiredScore Platinum Certification and a 6 Star Green Star Design rating and targetted a 5.5 Star NABERS Energy rating and WELL Silver certification. A scoping report for the precinct’s next phase proposes three mixed-use buildings incorporating build-to-rent and build-to-sell apartments overlooking Macquarie Park and Lane Cove National Park. The project represents a significant shift in Macquarie Park’s development landscape, with the joint venture citing high commercial vacancy rates as a key driver for the change to a mixed-use development. The scheme’s build-to-rent component particularly responds to emerging market demands in Sydney’s growing north-west corridor, according to the scoping report authored by Beam Planning director Michael Rowe. “The residential development is expected to support retail uses, create vibrancy, and make the area more attractive for commercial tenants,” the report said. The 1.562ha site, spanning 369 Lane Cove Avenue, 36-38 Waterloo Road and 1 Giffnock Avenue, would deliver approximately 73,000sq m of gross floor area across the three buildings. The new towers could be significantly higher than the previously approved buildings, but the exact height difference is as yet not disclosed. The scoping report said that the existing approval includes buildings with heights from 30m to 69.3 metres. ​The proposal aims to align with the surrounding developments, which have proposed height limit increases from their current 65m to between 110m and 150 metres. ​​ Currently in the Secretary’s Environmental Assessment Requirements (SEARs) preparation phase, the expansion plans include significant public domain improvements. These comprise an extension to the Waterloo Road Metro Station Plaza and a new central public park, with north-south and east-west through-site links enhancing connectivity to Macquarie Park Metro Station. The project requires ministerial approval as State Significant Development. Key stakeholders including the Department of Planning and Environment, Transport for NSW, City of Ryde Council, and service providers Ausgrid, Jemena, and Sydney Water. Located within the Macquarie Park Innovation Precinct and the Macquarie Living Station-Gari Nawi (Saltwater Canoe) neighbourhood, the development aligns with the NSW Government’s objective to deliver housing supply near transport hubs. Construction on the residential components is expected to begin about six months after approval. And while the development will be designed in accordance with the Apartment Design Guide, specific apartment numbers and typology have not been revealed 1) 0ms;transition:fill 200ms cubic-bezier(0.4 1) 0ms;font-size:1.5rem;}.mui-13xs5pt{width:100vw;max-width:100vw;margin-top:1px;}.mui-68tkgc{width:100vw;max-width:100vw;margin-top:1px;}.mui-1i0sejk{min-width:200px;border-radius:4px;}.mui-o2bopd{text-align:center;-webkit-flex:0 0 auto;-ms-flex:0 0 auto;flex:0 0 auto;font-size:1.5rem;padding:8px;border-radius:50%;overflow:visible;color:rgba(0 0.54);-webkit-transition:background-color 150ms cubic-bezier(0.4 1) 0ms;transition:background-color 150ms cubic-bezier(0.4 1) 0ms;padding:12px;font-size:1.75rem;}.mui-o2bopd:hover{background-color:rgba(0 0.04);}@media (hover: none){.mui-o2bopd:hover{background-color:transparent;}}.mui-o2bopd.Mui-disabled{background-color:transparent;color:rgba(28 1) 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Significant Development pathway.\u0026nbsp;\u003c/p\u003e\u003cp\u003eThe City of Ryde proposals by Urbis have been designed by data centre specialists Greenbox Architects serif;\" style=\"font-family:'Times New Roman' serif;\"\u003e’\u003c/span\u003es Gregory Hills data centre project \u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003cp\u003e\u003cbr\u003eIt will also house 28 diesel generators and storage tanks and has a 76.4mW capacity.\u0026nbsp;\u003c/p\u003e\u003cp\u003eFurther south-west at the Camden council area Greenbox has also designed a project for Amazon at 43-61 Turner Road in Gregory Hills.\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003ca data-mce-href=\"https://www.theurbandeveloper.com/articles/amazon-lays-out-south-sydney-data-centre-plans\" href=\"https://www.theurbandeveloper.com/articles/amazon-lays-out-south-sydney-data-centre-plans\" target=\"_blank\" rel=\"noopener\"\u003eWork has begun on site \u003c/a\u003efor the two-storey data centre which will house 27 backup diesel generators and has a 53mW capacity with 12 data halls.\u003c/p\u003e\u003cp\u003eAccording to the latest report from Cushman \u0026amp; Wakefield Stockland is pumping up its data capabilities next to its Macquarie Park high-tech hub at 1-5 Khartoum Road Its plans for the MPark Talavera Road data centre are expected to cost $718 million and are on exhibition via the State Significant Development pathway The City of Ryde proposals by Urbis have been designed by data centre specialists Greenbox Architects and seek to deliver a “state-of-the-art” data centre on a 10,015sq m site owned by Johnson & Johnson Stockland’s application said that it was “expected to contribute significantly to technological infrastructure and regional economic growth” and sits between two existing data centres The six-storey development will have a gross floor area of 19,434sq m with office space and three storeys of technical data floor space consisting of 12 data houses It will also house 28 diesel generators and storage tanks Further south-west at the Camden council area Greenbox has also designed a project for Amazon at 43-61 Turner Road in Gregory Hills Work has begun on site for the two-storey data centre which will house 27 backup diesel generators and has a 53mW capacity with 12 data halls According to the latest report from Cushman & Wakefield coming in third in the Asia-Pacific region after mainland China (4.5gW) and Japan (1.5gW) Drawing inspiration from our distinguished portfolio Macquarie Rise is a vibrant village with the energy of a bustling metropolis and the connections of a friendly community A selection of apartments with district and city views Many apartments with multi-purpose rooms with windows Exquisitely appointed kitchens with Fisher & Paykel appliances offering a 5 year warranty Natural stone used throughout the kitchens and bathrooms living and optional upgrade to multipurpose rooms and bedrooms Choice of oversized balcony or expansive courtyard Secure basement parking with most apartments 1,200 sqm of retail space opening onto lush communal grounds Macquarie Rise is situated at the heart of Macquarie Park Strategically located only minutes’ walk to Metro Macquarie University and the hospital.Short distance to M2 Motorway and Lane Cove Road.Nestled among the headquarters of numerous international pharmaceutical and technology businesses Please note that our Display Suite is closed on Public Holidays View the privacy policy Macquarie Rise: Elevated Living Meets Urban Connectivity Macquarie Rise delivers a dynamic fusion of community set against the energetic backdrop of Macquarie Park This new residential development offers a curated selection of apartments that combine high-end design with everyday convenience creating a village atmosphere with the vibrancy of a bustling metropolis Every apartment at Macquarie Rise has been thoughtfully crafted to cater to diverse lifestyles Spacious layouts include multi-purpose rooms with natural light and residents can choose between oversized balconies or expansive courtyards for outdoor living Kitchens are fitted with premium Fisher & Paykel appliances while natural stone accents elevate the aesthetic of both kitchens and bathrooms Timber flooring extends throughout living areas with the option to upgrade bedrooms and multi-purpose rooms to match Apartments offering sweeping city and district views Many units featuring adaptable rooms with windows Kitchens equipped with natural stone surfaces and premium Fisher & Paykel appliances with upgrades available for additional rooms Secure basement parking for most apartments 1,200 sqm of retail space integrated into lush communal grounds Macquarie Rise creates more than just a home—it establishes a lifestyle Residents benefit from a well-planned retail precinct that spills into communal green spaces With secure parking and basement storage solutions every detail has been designed to enhance everyday convenience Macquarie Rise offers unmatched access to some of Sydney’s key landmarks It is just minutes from the Macquarie Metro it is well connected to the M2 Motorway and Lane Cove Road placing the CBD and other major hubs within easy reach The neighbourhood is home to the headquarters of numerous global pharmaceutical and tech firms making it a prime location for professionals seeking a work-life balance Macquarie Rise offers a unique blend of luxurious living Whether you seek a serene retreat or seamless access to major commercial and retail precincts Macquarie Rise delivers a complete lifestyle experience in one of Sydney’s most innovative suburbs This article is from the Australian Property Journal archive SYDNEY construction and development company Deicorp has submitted plans for a new 180-apartment development in Macquarie Park which will include 15% of community housing located at 161 Herring Road and 13-15 Lachlan Avenue The development will be located just 300 metres from Macquarie Park Shopping Centre and Macquarie Park Metro rail which would be in line with the state government’s plans to more housing close to the Northwest Metro line “Delivering homes connected to key transport infrastructure like the Northwest Metro ensures convenience and value for our purchasers,” said Fouad Deiri “Being able to provide housing that is affordable for essential workers in such a great location makes this project even more important Building beautifully designed new apartments convenient to great amenities is how we are helping to respond to the urgent need for new homes.” The lodged proposal includes 27 affordable housing units that will be managed by a registered community housing provider The development will also boast a roof top garden upgrades to the surrounding streetscape and outdoor communal spaces with environmentally significant trees to be retained and 58 new trees to be planted It will also include sustainability initiatives such as recycled water onsite solar energy generation and an energy efficient design targeting an industry leading 7-star average NatHERS rating The design will also be informed by connection to country principles and engaging with local elders from the Wallumattagal clan of the Dharug Nation In July, Deicorp unveiled the design for its Five Dock mega-site The Kings Bay Village project as it prepares its planning submission to the City of Canada Bay Council While in May, the group was given the go ahead for its $435 million 32-level mixed-use tower in Rhodes, Marquet & Mary. Green Street’s global news publications are not provided as an investment advisor nor in the capacity of a fiduciary  Our global organization maintains information barriers to ensure the independence of and distinction between our non-regulated and regulated businesses is authorized and regulated by the Financial Conduct Authority (FRN 482269) and a private limited company incorporated in England and Wales with company number 06471304 Transport for NSW is proposing to build a new battery electric bus depot at Macquarie Park as part of the Zero Emission Buses Program.  The Macquarie Park Bus Depot will accommodate around 165 electric buses and be built on Transport owned land at 1A and 1B Talavera Road Key benefits of the Zero Emission Buses Program include improved liveability through reduced noise and pollution caused by diesel and gas buses as well as a better travel experience for passengers Phone: 1800 684 490 See consultation methods We pay respect to the Traditional Custodians and First Peoples of NSW and acknowledge their continued connection to their country and culture There's a reason apartment developer TOGA is set to soar past delivering over 1,000 apartments in Macquarie Park TOGA Executive General Manager, Tony Falas, says the suburb is incredibly well connected, with the shopping centre acting as the focal point as well as the university, hospitals, and public transport links to wider Sydney three towers with 268 apartments above retail and commercial spaces I recently caught up with Tony to find out more about Macquarie Rise Falas said they have focused particularly on the amenity at Macquarie Rise which they believe is the best quality in the area in the market at the moment "We have looked at the competition and we wanted to position ourselves at the top as far as quality is concerned and that's been vindicated by the buyers that are coming through." Residents will have access to a suite of amenities including a heated pool There has been a mix of first home buyers and downsizers in the development that offers one Several of the larger apartments have been cleverly designed to offer multifunctional rooms that have sliding panels rather than traditional doors adaptable for various uses like study or guest rooms TOGA, one of few developers to be rated a Gold Star by Equifax, has started construction on site at 122 Herring Road, a site which Falas says is difficult to replicate given it's at the top of the Hill. Construction has started and is slated for completion in mid-2027 We're on a mission to radically improve the quality of Urban communities being developed across Australia. We aim to showcase every development in Australia to help you find the perfect new home! at Macquarie Park.\u003c/p\u003e\u003cp\u003eSituated on an 18,463sq m site the completed development will deliver a selection of spacious one two and three-bedroom residences that embody indoor-outdoor living uniquely crafted by AJC Architects.\u003c/p\u003e\u003cp\u003eThe Macquarie Collection stands as a testament to successful urban living having already achieved remarkable sales.\u003c/p\u003e\u003cp\u003eThis impressive feat highlights not only the strategic location of the development which is well-connected to transport links including Sydney’s newest Metro line but also the quality and appeal of its design.\u003c/p\u003e\u003cp\u003eWith a focus on community-building and green spaces craftsmanship and innovative design.\u003cbr\u003e\u003cbr\u003e \u003c/span\u003e\u003c/div\u003e\u003c/div\u003e\u003ch2\u003eMilestone\u003c/h2\u003e\u003cp\u003e\u003cbr\u003eLandmark chief executive Arash Tavakoli said “We are thrilled to break ground on this incredible project marking a huge milestone in our journey.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“This development reflects our commitment to creating vibrant communities that people are proud to call home in residences defined by exceptional quality craftsmanship and innovative design.\u003c/p\u003e\u003cp\u003e“It’s an exciting time for our company and we look forward to seeing the project evolve.\u003c/p\u003e\u003ch2\u003eWork live\u0026nbsp;\u0026nbsp;\u003c/h2\u003e\u003cp\u003e\u003cbr\u003eMacquarie Park represented one of the most dynamic growth corridors in Sydney Tavakoli said.\u003c/p\u003e\u003cp\u003e“The opportunities here are immense educational institutions and community life.\u003c/p\u003e\u003cp\u003e“Landmark is proud to contribute to the future of Macquarie Park and be part of its ongoing transformation as a key suburban-based CBD.”\u003c/p\u003e\u003ch2\u003ePeace of mind\u003c/h2\u003e\u003cp\u003e\u003cbr\u003eLandmark is committed to quality and peace of mind for its buyers offering an extended 10-year structural warranty that surpasses the NSW statutory requirement of 6 years.\u003c/p\u003e\u003cp\u003eThe construction of The Macquarie Collection is set to be completed by late 2026.\u0026nbsp;\u003c/p\u003e\u003cp\u003eFor more information and to stay updated on our progress our valued readers.\u003c/strong\u003e\u003c/p\u003e\u003ch3\u003eAbout Landmark\u003c/h3\u003e\u003cp\u003eLandmark is an Australian property developer and builder committed to delivering high-quality and great-value apartments for over 25 years With a record of excellence in design and construction Landmark’s developments are backed by an industry-leading Quality Guarantee The Macquarie Collection stands as a testament to successful urban living This impressive feat highlights not only the strategic location of the development but also the quality and appeal of its design With a focus on community-building and green spaces The Macquarie Collection has established itself as a desirable place for residents seeking comfort and convenience in one of Sydney’s thriving suburbs Landmark chief executive Arash Tavakoli said “This development reflects our commitment to creating vibrant communities that people are proud to call home “It’s an exciting time for our company and we look forward to seeing the project evolve Macquarie Park represented one of the most dynamic growth corridors in Sydney educational institutions and community life “Landmark is proud to contribute to the future of Macquarie Park and be part of its ongoing transformation as a key suburban-based CBD.” Landmark is committed to quality and peace of mind for its buyers offering an extended 10-year structural warranty that surpasses the NSW statutory requirement of 6 years The construction of The Macquarie Collection is set to be completed by late 2026 For more information and to stay updated on our progress, please visit our website or contact us directly on 1300-758-388 The Urban Developer is proud to partner with Landmark to deliver this article to you. In doing so, we can continue to publish our daily news, information, insights and opinion to you, our valued readers. Landmark is an Australian property developer and builder committed to delivering high-quality, stylish, and great-value apartments for over 25 years. With a record of excellence in design and construction, Landmark’s developments are backed by an industry-leading Quality Guarantee, which includes a 10-year structural warranty on building structure that exceeds the NSW statutory requirement of six years. Welcome to IPE Real Assets. This site uses cookies. Read our policy By 2024-11-01T09:23:00+00:00 BlackRock and Wentworth Capital have acquired two life sciences facilities as seed assets for a new A$1.5bn (€907m) Australian life sciences real estate platform The acquired assets comprise a Red Cross blood-processing facility in Alexandria in Sydney’s inner west and an asset located at 37 Epping Road A Charter Hall trust owned the Red Cross Building since 2021 when it paid A$159m to acquire it from South Korea’s AIP Asset Management The Macquarie Park building last changed hands in 2016 for A$34m head of Australia real estate at BlackRock said: “We believe the life sciences sector represents a growing opportunity to capitalise on long-term sectoral tailwinds driven by increased government and infrastructure spend.” Hickey added: “As Australia enjoys significant runway for growth similar to trends seen in the UK and US markets we aim to invest in fit-for-purpose laboratory assets support the rising industry demand and the growth of dynamic life science and biomedical innovation hubs in the country.” BlackRock made the investment on behalf of funds managed by the firm’s real estate business said: “Since acquiring the University of Sydney Medical Foundation Building last year our focus has been on enhancing our presence and capitalising on the growth and development in Australia’s life sciences and innovation sectors.” To read the latest IPE Real Assets magazine click here.  Copyright © 1997–2025 IPE International Publishers Limited Site powered by Webvision Cloud Add articles to your saved list and come back to them any time Thirsty data centres are threatening to delay the construction of thousands of new homes in northern Sydney because of a lack of water to supply residential properties City of Ryde chief executive Wayne Rylands said there was a mismatch between the state government’s housing targets and its policy to allow data centres in Macquarie Park due to the area’s strained water supply which is not due to be addressed for another two years Constraints on water supply to Macquarie Park threaten to delay the building of thousands of new homes.Credit: Dion Georgopoulos Data centres are buildings dedicated to storing IT infrastructure They use hundreds of thousands of litres of water a day to keep cool and this increases significantly during periods of hot weather Macquarie Park houses a number of data centres, with more in the planning pipeline. It is also earmarked for thousands of new homes close to metro stations under the state government’s transport-oriented housing reforms Rylands said data centres should be located in places with adequate power and water supply accusing the state government of “inadvertently killing off” high-quality employment opportunities by allowing build-to-rent projects and data centres to “muscle out” existing business “There is also a lack of consideration given to the time lag between infrastructure and dwelling delivery,” he said Macquarie Park is home to a number of data centres which use significant amounts of water a day to keep cool.Credit: Janie Barrett A Planning Department spokeswoman said a proposed rezoning reduces the land available for data centres in the heart of the precinct and “provides flexibility for residential development on key sites” Ryde Council wants to preserve land in Macquarie Park for commercial and employment uses claiming there are more than 20,000 apartments planned for the precinct Rylands said the council was opposed to the growing presence of data centres “in a district that we are trying to orient towards people – housing and jobs” A Sydney Water spokeswoman said an upgrade of water supply to Macquarie Park was due for completion in 2026 The agency was working with the council to provide developers with the “necessary servicing advice” if connecting before 2026 due to “some capacity constraints” “Sydney Water is in discussions with major data centre providers to understand their expansion plans and water demands and to inform servicing pathways for the future,” she said Local data centre operators Next DC and Macquarie Telecom declined to comment Australian data centres are estimated to consume 47 billion litres of water a year They are also power hungry consuming an estimated 5 per cent of all electricity in Australia Property developers are also worried about Macquarie Park’s water supply Urban Development Institute of Australia NSW chief executive Stuart Ayres said plans for a mixed-use innovation precinct in the suburb were at risk if government agencies did not keep pace with providing critical infrastructure upgrades The concerns come as Ryde Council warns increasing the number of people living in Macquarie Park risks driving out companies Polestar and Volvo have also abandoned or are scaling back their presence at Macquarie Park “These businesses are becoming increasingly concerned with the encroachment of residential development that is non-compatible with innovation.” The Morning Edition newsletter is our guide to the day’s most important and interesting stories, analysis and insights. Sign up here City of Ryde chief executive Wayne Rylands said there was a mismatch between the state government\\u2019s housing targets and its policy to allow data centres in Macquarie Park due to the area\\u2019s strained water supply Macquarie Park houses a number of data centres It is also earmarked for thousands of new homes close to metro stations under the state government\\u2019s accusing the state government of \\u201Cinadvertently killing off\\u201D high-quality employment opportunities by allowing build-to-rent projects and data centres to \\u201Cmuscle out\\u201D existing business \\u201CThere is also a lack of consideration given to the time lag between infrastructure and dwelling delivery,\\u201D he said A Planning Department spokeswoman said a proposed rezoning reduces the land available for data centres in the heart of the precinct and \\u201Cprovides flexibility for residential development on key sites\\u201D Rylands said the council was opposed to the growing presence of data centres \\u201Cin a district that we are trying to orient towards people \\u2013 housing and jobs\\u201D The agency was working with the council to provide developers with the \\u201Cnecessary servicing advice\\u201D if connecting before 2026 due to \\u201Csome capacity constraints\\u201D \\u201CSydney Water is in discussions with major data centre providers to understand their expansion plans and water demands and to inform servicing pathways for the future,\\u201D she said Property developers are also worried about Macquarie Park\\u2019s water supply \\u201CThese businesses are becoming increasingly concerned with the encroachment of residential development that is non-compatible with innovation.\\u201D The Morning Edition newsletter is our guide to the day\\u2019s most important and interesting stories Share price 8408.00p 2 May 2025 at 16:42 News releases Sydney-North Ryde and Holiday Inn Sydney Airport to transition to Crowne Plaza brand - The portfolio agreement builds on the existing partnership between IHG Hotels & Resorts and Star Millennium Pty Ltd marking their first white label hotels in the Australasian IHG estate Australia: IHG Hotels & Resorts will expand its Sydney premium estate with the addition of two Crowne Plaza hotels following a strategic portfolio agreement with Frank and Wade Huang of Star Millennium Pty Ltd that will see the rebranding of two well-loved hotels at Sydney Airport and Macquarie Park The 196-room Crowne Plaza Macquarie Park is set to open in early 2025 transitioning from the Courtyard by Marriott to the Crowne Plaza brand This rebranding will include a comprehensive refurbishment of the lobby and guest rooms Located approximately 25 minutes northwest of Sydney CBD Macquarie Park is one of Australia's premier business districts The hotel's prime location will attract significant demand from nearby businesses as well as the Australian headquarters of several leading pharmaceutical and technology companies Holiday Inn Sydney Airport will be rebranded as Crowne Plaza Sydney Airport in September 2024 which underwent a $15 million refurbishment in 2022 are already at a Crowne Plaza standard and the hotel will now see updates to its lobby and restaurant to complete its transition into the premium segment the Crowne Plaza Sydney Airport is already a favourite among business and leisure travellers consistently delivering exceptional performance for both the owners and IHG Elevating the hotel from the midscale to the premium segment will further solidify its reputation as one of Sydney Airport’s top hotels with Star Millennium appointing Trilogy Hotels to operate both hotels Director of Development at IHG Hotels & Resorts commented: “We are honoured to have been chosen by Star Millennium as the partner to brand these two well-known Sydney hotels It’s exciting to see the Crowne Plaza brand continue to go from strength to strength building on its reputation as one of the world’s best known and loved premium hotel brands among corporate and leisure travellers alike We look forward to further strengthening our wonderful partnership with Frank and Wade in the coming years.” added: “We are proud of our long-standing and successful relationship with IHG Expanding our collaboration by integrating our Sydney Airport and Macquarie Park hotels into the Crowne Plaza family is an exciting step Crowne Plaza Macquarie Park will set a new standard for quality in the Macquarie Park business precinct and Crowne Plaza Sydney Airport will enhance its legacy as a Holiday Inn by delivering a premium guest experience.” commented: “Trilogy Hotels is delighted to be appointed by Frank and Wade Huang of Star Millennium as the independent hotel managers of both assets running the day-to-day operations and spearheading both of their rebranding and refurbishment journeys with our wonderful partners the Huang Family we are committed to creating an amazing hotel experience for our owners As we grow our independent hotel management portfolio in Australia we are beyond grateful to Frank and Wade for putting their trust in us to operate their beloved hotels We look forward to driving the operational and bottom-line profit performance of both assets and providing our expertise in systems IHG currently has 97 open or pipeline hotels in Australasia & the Pacific IHG plans to open new Crowne Plaza locations in Mawson Lakes (South Australia) with a new property in Geelong (Victoria) slated for 2026 IHG Hotels & Resorts [LON:IHG NYSE:IHG (ADRs)] is a global hospitality company with a purpose to provide True Hospitality for Good With a family of 19 hotel brands and IHG One Rewards one of the world's largest hotel loyalty programmes IHG has over 6,300 open hotels in more than 100 countries, and a development pipeline of over 2,000 properties InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales Approximately 375,000 people work across IHG's hotels and corporate offices globally For our latest news, visit our Newsroom and follow us on LinkedIn Trilogy Hotels brings independent operational excellence to the hotel industry in Australia and New Zealand for investment-grade assets Backed by the significant industry experience of each of its best-in-market teams Trilogy offers a new chapter of growth for the region’s hotel industry An artist’s impression of towers planned at Sydney’s Macquarie Centre A trust run by property group Dexus has failed in a bid to overturn a court decision which would force it to sell a half interest in Sydney’s landmark Macquarie Centre to the superannuation funds which co-own the mall The company’s flagship shopping centre fund had appealed a NSW Supreme Court decision made last year which would compel the sale of its half interest in the $1.6bn property to superannuation fund heavyweights UniSuper and Cbus Property The court loss effectively takes a major chunk out of the Dexus fund as it must sell the stake — worth about $830m — to the super funds which have handed the management of their interests to rival property company GPT Group The move to appeal the original court decision was made by the independent directors of the Dexus Wholesale Shopping Centre Fund which runs independently of the property company A Dexus spokesperson said the fund would work with the co-owners on handing over control of the centre “We acknowledge the Supreme Court’s decision and will work constructively with the other co-owner to ensure an orderly transition The responsible entity and management team of DWSF remain committed to ensuring the best possible outcome for DWSF investors as a whole,” he said The centre is the largest shopping destination on Sydney’s north shore and is also destined to house a series of apartment towers in coming years as part of a longer term plan to introduce residential accommodation to the site Dexus is being forced to sell its stake in the shopping centre The Dexus-run property fund had sought to appeal the original ruling sparked by its super fund co-owners arguing a “prohibited transaction” had occurred when Dexus bought AMP Capital’s local real estate and infrastructure business AMP Capital had managed the shopping centre fund which owned half of the centre but the transfer of this vehicle to Dexus was not allowed under a co-owner agreement and gave the funds the pre-emptive rights to acquire the interest in the property The judgment backed the original finding that a prohibited disposal took place the super funds had complied with notice requirements to Dexus and found they were entitled to acquire the whole of the Dexus fund’s interest in the mall UniSuper and Cbus Property had bought into the Macquarie Centre as part of a larger $2.2bn investment they made in 2021 which also included taking an 80 per cent stake in the Gold Coast’s Pacific Fair complex It was Australia’s largest ever shopping centre deal and put big retail centres back on the agenda of investors after the pandemic Trading of big malls came under pressure afterwards as interest rates jumped and centre values fell on the back of a series of discounted deals they are now back in vogue as rates have stabilised and investors chase a safe haven amid volatile stock markets are also well positioned to realise plans for residential developments on the site in coming years The court decision bolsters GPT’s ambitions in funds management, where it has flagged expansion under chief executive Russell Proutt, but is a hit to Dexus, which had already lost the management of a major office fund to rival Mirvac when it picked up the AMP Capital business. Once the half interest in the Macquarie Centre in Sydney is sold off, the Dexus fund will be left with a stake in Westfield Southland in Melbourne, owning the Royal Randwick Shopping Centre in Sydney’s eastern suburbs, an interest in the Indooroopilly Shopping Centre in Brisbane’s western suburbs, as well as owning the Ocean Keys centre in Perth and the Bayfair Shopping Centre in New Zealand. Dexus shares dropped by 14c to $7.01 in a weak day for the market. realcommercial.com.au is owned and operated by ASX-listed REA Group Ltd (REA:ASX) © REA Group Ltd By accessing or using our platform, you agree to our Terms of Use. An artist’s impression of towers planned at Sydney’s Macquarie Centre The Dexus-run property fund had sought to appeal the original ruling sparked by its super fund co-owners arguing a “prohibited transaction” had occurred when Dexus bought AMP Capital’s local real estate and infrastructure business The court decision bolsters GPT’s ambitions in funds management, where it has flagged expansion under chief executive Russell Proutt, but is a hit to Dexus, which had already lost the management of a major office fund to rival Mirvac when it picked up the AMP Capital business. ABC News News HomeSydney's high-rise accelerated precincts at transport hubs fall short of affordable housing options advocates sayShare Sydney's high-rise accelerated precincts at transport hubs fall short of affordable housing options advocates sayBy Joshua Boscaini The accelerated precincts will create thousands of new homes. (ABC News/NSW government) Link copiedShareShare articleThousands of new homes are slated to be built across Sydney to help ease the housing crunch, but there are questions about whether the plan includes enough affordable housing options. Transport Oriented Development (TOD) Accelerated Precincts come into effect in seven Sydney suburbs today as the NSW government moves to increase housing supply. The rezoned areas will accommodate 60,000 new homes near metro and train stations, and include space for schools, health services and public parks, the NSW government says. The government has also set aside $520 million for new public spaces in Bankstown, Bella Vista, Crows Nest, Homebush, Hornsby, Kellyville and Macquarie Park.  But the final rezoned areas include revised down quotas for affordable homes in perpetuity compared to the draft proposal, particularly for Bankstown, Kellyville and Bella Vista and Homebush. This is what we know about the developments and what percentage of these new homes will be affordable. Rezoning will make way for 14,000 new homes and an estimated 14,300 jobs in Bankstown. The plans allow for the delivery of a new bus interchange. Publicly accessible open space in the town centre and at the Bankstown Shopping Centre site are also planned. The state government says 3 to 4 per cent of new homes in the precinct will be dedicated to affordable housing in perpetuity. About 4,600 new homes with new and improved public spaces have been earmarked for Bella Vista and Kellyville. The state government says the development will bring about 3,800 new jobs to the precinct.  Between 3 to 10 per cent of all residential properties will be allocated as affordable housing in perpetuity. The government said it would introduce new active transport links to the north-western suburbs as part of the development. The areas were selected because of their close proximity to metro stations and public transport interchanges. Developers are expected to build 5,900 new homes in Crows Nest under the TOD Accelerated Precinct plan.  The state government says 2,500 jobs will be created in the precinct.  Walking and cycling trails will be upgraded to improve connectivity to the Sydney Metro and train stations. Tree canopy around the St Leonards and Crows Nest precinct will be increased to maintain the area's leafy character. Affordable housing will account for 3 to 18 per cent of all new homes in perpetuity, according to the government — the highest amongst all the TOD precincts. The government has planned for 18,000 new homes at Homebush, which is home to two Sydney train stations and a future Sydney Metro station. The development will create 3,000 jobs, according to the government.  Land near the Bakehouse Quarter will be rezoned as as public recreation. New walking and cycling links and enhanced public open spaces will be created across the precinct.  Between 3 to 5 per cent of all new homes will be dedicated to affordable housing in perpetuity, according to the government. About 6,000 new homes and 2,900 jobs will be created when the rezoned Hornsby area is developed. The NSW government says new and upgraded parks will be added to the area. Cycling paths and roads will be upgraded to improve connectivity, and there will be a 50 per cent increase in street tree canopy. The plan will allow for a future bus interchange to the west of Hornsby train station. A new library and community centre will be built along with cultural and creative facilities. The government says between 3 to 10 per cent of all new homes in the development will be dedicated to affordable housing in perpetuity.  The Macquarie Park accelerated precinct will create 9,600 homes. The NSW government says the development will create 3.15 million square metres of floor space. The precinct will retain 100,000 jobs, according to the government. More than 14 hectares of the development will account for new and improved parks, plazas and open spaces. Affordable housing will make up 3 to 10 per cent of all new homes in perpetuity. Shelter NSW Principal Policy Officer Cathryn Callaghan said she was disappointed the state government's affordable housing targets were not higher. However, Ms Callaghan said it was an important first step to increase the availability of affordable housing in Sydney, even though they will take time to build. "This is the first time the NSW government has, on a big scale, had this kind of requirement across a mass number of areas," Ms Callaghan said. "We are disappointed … but we do recognise that in a number of those sites, they have identified specific sites where there will be rates of 10 per cent and in some cases 18 per cent [affordable housing]." The government said it needed to create 377,000 new homes by 2029 to meet its commitment under National Housing Accords and address the housing supply and affordability crisis. University of New South Wales senior lecturer in city planning Ryan van den Nouwelant said the government likely reduced the threshold for affordable homes to make developments more feasible. The first three rezoning proposals for Transport Oriented Development (TOD) Accelerated Precincts were released for public feedback on Tuesday. It would see up to 30,000 new homes delivered and the creation of nearly 80,000 jobs. Dr van den Nouwelant said developers would not commit to building unless they could turn a profit. "The reason I think [the government] tempered their ambitions is because they've done some feasibility analysis and that's important," he said. "The developer won't build if they can't make money. In fact a developer shouldn't buy a site if they can't make money." He said the government had lowered their expectations on those sites in the hope that landowners will sell to a developer.  "This is kind of like negotiating with terrorists because if a landowner sits there saying 'Well, I'm not going to sell my site to a developer unless I make bank', they're sort of holding those sites hostage," he said. Dr van den Nouwelant said at least 10 per cent of new builds in Sydney had to be affordable housing to accommodate for low-income residents. He said the government's 3 per cent base rate in the accelerated precincts was "too modest". "10 per cent of households need to be in some sorts of social or affordable housing," he said. "Three per cent is much lower than that but this is not the only mechanism that governments have at their disposal to be delivering social and affordable housing." Planning Minister Paul Scully said government analysis had shown that a base of 3 per cent affordable housing was feasible for the precincts. He said some rezoned areas would include a delivery of up to 18 per cent affordable housing.   "It's the base level of 3 per cent and that's only a floor, that's not a ceiling," Mr Scully said. "If we set it too high, all we do sterilise some of those lots and we get no market or affordable housing. That's the balance we've had to strike." Opposition housing spokesperson Scott Farlow said the government has walked away from their plan to have up to 15 per cent affordable housing across the rezoned areas. "When they announced this program, they said there would be up to 15 per cent affordable housing across these regions in perpetuity," Mr Farlow said. "What we've seen today is now a 3 per cent affordable housing charge with that escalating depending on the site rezonings and up zonings." AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time) initial-scale=1\"}],[\"$\",\"meta\",\"1\",{\"charSet\":\"utf-8\"}],[\"$\",\"title\",\"2\",{\"children\":\"Legacy Property and John Kinsella and William Kinsella [both from Billbergia] lodged the 255 apartment plans with the City of Ryde council.\u0026nbsp;\u003c/p\u003e\u003cp\u003ePlans for 15-21 Cottonwood Crescent follow Legacy Property’s\u003ca data-mce-href=\"https://www.theurbandeveloper.com/articles/romeciti-macquarie-park-approval-changes\" href=\"https://www.theurbandeveloper.com/articles/romeciti-macquarie-park-approval-changes\" target=\"_blank\" rel=\"noopener\"\u003e approved “beehive” tower\u003c/a\u003e across the road which it sold DA-approved to Romeciti.\u0026nbsp;\u003c/p\u003e\u003cp\u003eThe AJC Architects-designed scheme Billbergia Plot MacPark TowersProperty big guns Legacy Property and Billbergia are planning to build two towers in a leafy street opposite the Macquarie Shopping Centre in Sydney’s north The entity led by Matthew Hyder [from  Legacy] and John Kinsella and William Kinsella [both from Billbergia] lodged the 255 apartment plans with the City of Ryde council Plans for 15-21 Cottonwood Crescent, Macquarie Park, follow Legacy Property’s approved “beehive” tower across the road had 21 and 19-storey towers above a shared mixed-use podium three to four-storeys high with “grand” lobbies for residents The taller Cottonwood tower had 124 apartments and the Waterloo tower 131 apartments with 263sq m of retail along with 2442sq m of landscaping and 288 parking spaces This would replace four four-storey blocks of flats on the 5130sq m site; a common-thread for intensification surrounding Macquarie Shopping Centre In 2017 the flats were sold to a private developer for $80 million, marking the strongest sales rate per square metre of gross floor area at the time The planning report by Urbis shows the site backs on to the Elouera Reserve park and most of the apartments would be two or three bedrooms “The proposal will develop a site that is not utilised to its full capacity under the Ryde Local Environmental Plan 2014,” the report said “It will maximise land-use opportunities that are associated with the immediate proximity of the Macquarie University Metro Station as envisaged by the Macquarie Park Place Strategy.” Last week Billbergia lodged plans for a 48-storey tower at Rhodes to up its housing pipeline including 61 affordable apartments Billbergia was also undertaking one of the state’s largest social and affordable housing developments at Arncliffe Central 75 per cent of the 804 apartments across four buildings were earmarked for social and affordable accommodation Legacy Property was also pumping up its pipeline with a 143-home estate in Orchard Hills western Sydney among its most recent applications in February CONSTRUCTION is underway on TOGA’s latest Macquarie Park precinct which is set to deliver 268 new apartments to the area Macquarie Rise will comprise a two-storey podium with commercial office with three residential towers from 12 to 14 storeys with one- to four-bedroom apartments With architecture by Turner Studio and interiors by hotel specialist Stack Studio many of the apartments will boast an increasingly popular multi-purpose room in addition to the bedrooms While resident amenities will include Club Rise Construction comes after the successful sales launch, which saw more than 100 apartments sold off-the-plan, which included 70 sales or 50% of the first stage release in its initial open weekend. “The early sales success of Macquarie demonstrates the growing appetite for flexible high-quality apartment living in Sydney’s wider city centres Buyers from all over Sydney are increasingly drawn to areas like Macquarie Park which offer a perfect blend of city living and residential tranquillity,” said Allan Vidor Macquarie Rise sits just 500 metres from  Macquarie University Macquarie Centre shopping centre and Macquarie University Metro Station offering direct connectivity to Sydney’s CBD and Barangaroo TOGA already boasts almost 1,000 apartments built across its Macquarie Park developments which include One Twenty Macquarie While just last month, the developer completed the residential component at its mixed-use community in Surry Hills, Surry Hills Village. Macquarie Rise is being delivered in partnership with Baptist Union NSW and Morling College With a project value exceeding $400 million the development construction phase is scheduled for a 2027 completion date ESR is selling a business park in Macquarie Park, Sydney, for more than $100m. Asian warehousing on the boom in the accommodation sector, putting a business park in Macquarie Park in Sydney on the block for more than $100m. Rather than join rivals Goodman and Stockland in rezoning sites it is looking to sell 44-50 Waterloo Rd, which it picked up three years ago from an AMP fund for $71m, and which it earmarked for a data centre. Now it has tapped Colliers to sell the property and hopes to attract developers keen to pursue either build-to-rent or purpose-built student accommodation, as both areas are attracting heavy amounts of capital. ESR said when it bought the site in 2021 that it had the development potential for a 46,000sq m project but it now concentrated on other areas. Notably for about $210m. A residential developer could capitalise on the site’s position next to the Macquarie Park Train Station, with tenants in the existing buildings on the 1.5ha site to depart once works got underway. The site has a gross rental holding income of about $3.48m per annum while plans are finalised. The property is in the Macquarie Park Incentive Precinct, which was earmarked by the NSW government to be boosted as a key economic and innovation precinct but residential projects are seen as even more lucrative. ESR had originally planned a staged development that could have seen either office buildings or, as it had pursued, a data centre built. Colliers agents Guillaume Volz, Trent Gallagher, Adam Woodward and James Mitchell are handling the sale. They said the site was a rare opportunity to acquire 15,198sq m of land within the Macquarie Park residential and commercial precinct. Sydney’s housing market supply problems are widely reported, with a growing population and high rental growth exacerbating this issue. In 2023, NSW produced about six homes per 1000 people, fewer than both Victoria and Queensland. Macquarie Park has benefited from recent urban renewal with investment in infrastructure, such as the upgrade to the Macquarie Park Metro line. ESR is selling a business park in Macquarie Park Asian warehousing on the boom in the accommodation sector putting a business park in Macquarie Park in Sydney on the block for more than $100m Rather than join rivals Goodman and Stockland in rezoning sites it is looking to sell 44-50 Waterloo Rd which it picked up three years ago from an AMP fund for $71m Now it has tapped Colliers to sell the property and hopes to attract developers keen to pursue either build-to-rent or purpose-built student accommodation as both areas are attracting heavy amounts of capital ESR said when it bought the site in 2021 that it had the development potential for a 46,000sq m project but it now concentrated on other areas A residential developer could capitalise on the site’s position next to the Macquarie Park Train Station with tenants in the existing buildings on the 1.5ha site to depart once works got underway The site has a gross rental holding income of about $3.48m per annum while plans are finalised The property is in the Macquarie Park Incentive Precinct which was earmarked by the NSW government to be boosted as a key economic and innovation precinct but residential projects are seen as even more lucrative ESR had originally planned a staged development that could have seen either office buildings or Adam Woodward and James Mitchell are handling the sale They said the site was a rare opportunity to acquire 15,198sq m of land within the Macquarie Park residential and commercial precinct It has zoning upside permitting build-to-rent development and purpose-built student accommodation and a proposed rezoning of the site would provide a 110m height limit Most other build-to-rent projects are in the hotspot of Parramatta or elsewhere in the city’s western suburbs with some proposed sites also in St Leonards “The Sydney BTR supply continues to lag other national markets with the sector having difficulty finding feasible sites en masse principally due to the high land values and the strong competition from traditional build-to-sell projects,” Mr Volz said He said it was an opportunity to acquire a site specifically targeted at institutional BTR operators Sydney’s housing market supply problems are widely reported with a growing population and high rental growth exacerbating this issue NSW produced about six homes per 1000 people Macquarie Park has benefited from recent urban renewal with investment in infrastructure such as the upgrade to the Macquarie Park Metro line 14 Nov 2024 • 3m read • View Author Property developer TOGA has officially broken ground on its latest mixed-use residential development, Macquarie Rise, in Macquarie Park; Macquarie Rise comprises three distinct residential mixed-use buildings, delivering 268 premium apartments, designed by Turner Studio. This project represents a significant milestone for TOGA as it continues its commitment to reshaping Sydney’s urban landscape and delivering much-needed housing supply. Designed by the award-winning Turner Studio and with interiors by hotel specialist Stack Studio, the project promises a hotel-inspired lifestyle in one of Sydney’s most well-connected urban hotspots. Many apartments include a versatile multi-purpose room – an increasingly popular feature as residents seek flexible spaces to accommodate home offices, studios, or nurseries. The development includes a two-storey podium with commercial office, retail spaces, and residential lobby areas. Rising above are three residential towers, ranging from 12 to 14 storeys, with 268 luxury apartments ranging from one to four bedrooms. Construction commencement follows a highly successful sales launch, with over 100 apartments already sold off the plan. The strong demand reflects a growing trend among buyers seeking a balance of lifestyle, connectivity, and quality in one of Sydney’s key growth corridors. “The early sales success of Macquarie demonstrates the growing appetite for flexible, high-quality apartment living in Sydney’s wider city centres. Buyers from all over Sydney are increasingly drawn to areas like Macquarie Park, which offer a perfect blend of city living and residential tranquillity,” Allan Vidor AM, Managing Director of TOGA says. Residents at Macquarie Rise will have access to Club Rise, an exclusive club lounge with work and study areas, a 20-metre lap pool, a Pilates studio, a gym, and a cinema room, all thoughtfully integrated into the development to promote a balanced lifestyle. Strategically positioned just 500 metres from Macquarie University, Macquarie Centre shopping centre, and the Macquarie University Metro Station, the development offers unparalleled and direct connectivity to Sydney’s CBD and Barangaroo. TOGA’s in-house construction group has been appointed as the builder for Macquarie Rise, ensuring seamless delivery across all stages of the project while maintaining the highest standards of quality. With almost 1,000 apartments already built in Macquarie Park through developments like One Twenty Macquarie, Macquarie Central, and Macquarie Green, TOGA brings its unique local expertise and has played a pivotal role in transforming the area into one of Sydney’s most desirable residential and investment precincts. Located at 122 Herring Road, Macquarie Park, the development is being delivered in partnership with Baptist Union NSW and Morling College, with a project value exceeding $400 million. Construction is scheduled for completion in 2027. Rooted, resilient, resonant: Off-grid family living amongst the rugged Australian landscape Using DecoBatten®’s latest profile on The Seaside Sanctuary Solid Nordic softwood in interior design: Sustainable solutions for joinery, flooring and wall panelling Construction of resort-style clubhouse begins at AVID’s over 50s lifestyle precinct in Fraser Coast Sign up to our newsletter for the latest industry news, products and inspiration. Superannuation giants UniSuper and Cbus Property (wholly owned by Cbus Super) have won a court fight to take over the entire Macquarie Centre mall in Sydney real estate landlord Dexus will now have to sell an $830 million stake to UniSuper and Cbus Property Macquarie Centre is one of the city’s biggest shopping malls and is worth $1.7 billion It is half owned by UniSuper and Cbus Property with the remaining stake owned by a wholesale fund operated by Dexus UniSuper and Cbus Property asked the Supreme Court in NSW to force Dexus to sell them its share of the property after arguing that Dexus had breached a contract Macquarie Centre was opened in 1981 and has long been owned by various AMP-related funds The fight over the mall started two years ago amid the break-up of AMP’s crumbling funds empire Dexus took over the running AMP’s stable of property and local infrastructure funds But the two superannuation funds claimed Dexus’ move on the AMP platform triggered a pre-emptive right for them to acquire the rest of Macquarie Centre The two funds – whose 50 per cent ownership is called the Macquarie Retail Trust – claim they gained pre-emptive rights because the transfer breached contractual rules according to the Australian Financial Review Dexus alleged that Macquarie Retail Trust did not seek information about the ramifications of Dexus’ deal to acquire AMP’s real estate platform until four days after it was finalised The AFR said that Dexus was aware of the potential for pre-emptive rights as it was working through its deal with AMP but was confident they were not triggered by the way the transaction was structured Two months after Dexus-AMP deal was finalised early last year Macquarie Retail Trust sent an unconditional contract for the purchase of its half stake of the mall for $830 million Dexus’ lawyers accused the superannuation funds of failing to act in good faith Cbus and UniSuper launched legal proceedings in the Supreme Court in November the court found that UniSuper and Cbus did have the right to buy the rest of Macquarie Centre from the Dexus-run fund A spokesman said that the super funds now intend to press ahead and buy the centre A spokesman for the Dexus Wholesale Shopping Centre Fund – which holds the 50 per cent stake of the mall – said the company was reviewing its options “Dexus remains focused on working with the responsible entity board to deliver the best outcome for investors,” he added houses more than 360 stores including the likes of JB Hi-Fi It is located adjacent to the Macquarie Metro Station and Macquarie University in the heart of the Macquarie Park business park [email protected] Leading Australasian real estate group Raine & Horne has launched a new office in Macquarie Park with the dynamic duo of Winston (Chengxiang) Huang and Bo Li at the helm Mr Huang has been in real estate since 2012 and has a master’s degree in Property Development from the University of Technology Sydney (UTS) “We plan to service Macquarie Park and surrounding areas such as North Ryde Marsfield and beyond,” Mr Huang said “Macquarie Park is an excellent location to own a property as it has strong infrastructure “The area offers great convenience with amenities like Macquarie University and householders have the magnificent Lane Cove National Park on their doorstep.” “Many buyers are young professionals or former Macquarie University students who know the area well Families and downsizers are also drawn to the area’s amenities and job opportunities,” Mr Huang said “We can’t wait to tap into this background and experience It’s a win-win situation for Raine & Horne and us.” “We are very excited to be joining Raine & Horne a family owned and operated business which has been in real estate for 141 years,” Mr Li said News Sitemap Prolific developer Billbergia is teaming up with Legacy Property for a two-tower development in Macquarie Park The $181 million plans at 88 Waterloo Road, in the heart of Macquarie Park next to the town centre two and three-bedroom apartments above a shared mixed-use podium with car parking and retail while a further 30 per cent of the site will be covered by tree canopies The project prioritizes reconnecting landscaped areas to the surrounding Sydney Turpentine Ironbark Forest ecosystem particularly contributing to the Waterloo Road Linear Park a green spine running through the city centre Billbergia Development Director of Planning and Development, Saul Moran, said Macquarie Park is a rapidly evolving suburb that is well-positioned to benefit from increased density "88 Waterloo Road will deliver 255 critically-needed new homes serviced by essential retail and the new Metro station while offering close access to key employment and study hubs." Cottonwood Tower will deliver 124 apartments while Waterloo Tower will feature 131 apartments Jim Koopman, Studio Director at architecture firm AJC, said 88 Waterloo redefines urban living in Macquarie Park by blending high-quality residences with natural beauty "Our design integrates bioclimatic principles and eco-friendly features to create a sustainable and comfortable living environment.\ Credit: AJC Architects, 255-apartment complex in Macquarie Park Macquarie Park is the largest non-CBD office market in Australia and home to the Macquarie Park Innovation Precinct, a group of organisations centred around Macquarie University The suburb was identified as an accelerated precinct under the NSW Government’s Transport Oriented Development (TOD) program in 2020. Macquarie Park Innovation Precinct Stage Two a recent rezoning proposal by the Minns government could see over 4,500 new homes delivered in the years to come - thanks to new residential zoning and developer concessions on build-to-rent (BTR) projects The proposal represents Billbergia’s second development on Sydney’s North Shore, on the backof its proposed $700 million mixed-use project at 8 Wilson Street in Chatswood 15 Nov 2023 • 2m read • View Author Macquarie-Park-rezoning-proposal-nsw-government-1732010007.png A rezoning proposal spearheaded by the NSW Government could see more than 3,000 homes able to be constructed in Macquarie Park which could see a number of public activations created for the growing north-west Sydney suburb The proposal includes the capacity for 3,060 new homes to be built but developer concessions regarding build-to-rent could be made which could see that number skyrocket to over 5,000 Some eight hectares of new public open space a multi-purpose indoor recreation facility and connective walking and cycling parks are also included within the proposal The parcel of land that is the subject of the proposal fronts Shrimptons Creek and Lane Cove and is bounded by both the Macquarie University and Macquarie Park Metro Stations It forms part of the wider Macquarie Park Innovation Precinct (MPIP) Place Strategy finalised by the Department of Planning and Environment (DPE) in 2022 “We are constantly searching for ways to ease our housing crisis The construction of homes in NSW has simply not kept pace with our population growth,” says Premier of NSW “We need to take full advantage of the investments our state’s taxpayers make into public transport Proposals like this are important to change the trajectory of the housing supply crisis.” believes the proposed rezoning quadrant is located in a prime growth region “We need more housing in established areas to improve affordability This rezoning is an opportunity to deliver more homes on the doorstep of the CBD and near well-connected public transport including the new Macquarie Park metro station,” he says “We want to see density in precincts like this be part of Sydney’s future supporting homes and jobs that are accessible to everyone in the community “The precinct’s growth has the potential to provide a huge economic boost and secure Macquarie Park’s reputation as a world-class place for business The proposal is now open for consultation, with the feedback received from the community and stakeholders to be taken into consideration to help inform the final plan. Community members will have until 10 December 2023 to have their say. For more information, click here. Share via...Gift this articleSubscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe one of the country’s largest real estate landlords will have to sell an $830 million stake in Sydney’s massive Macquarie Centre to UniSuper and Cbus Property after the superannuation giants successfully argued in court that they had the right to take over the entire shopping mall Macquarie Centre is one of the city’s biggest retail precincts and is worth $1.7 billion. It is half owned by UniSuper and Cbus Property the real estate arm of the eponymous industry superannuation fund SaveLog in or Subscribe to save articleShareCopy link Gift 5 articles to anyone you choose each month when you subscribe. Follow the topics, people and companies that matter to you. the new development company of Iwan Sunito has commissioned world-renowned Japanese architect Kengo Kuma and local Sydney architects Crone to design its first residential and five-star hotel development a $500 million multi-tower project in Macquarie Park This move aims to bring world-class design to one of the city’s most sought-after and much-needed accommodation types The One Global Capital Macquarie Park project initially received development approval in November 2023 the developer will submit changes to the design under Section 4.55 with several elements of the project to be redesigned The 7,000 sqm site is bordered by three streets: Herring Road It offers a unique proposition due to its direct connectivity to Macquarie Park Metro Station The project is envisaged to include three towers The first two towers will contain 304 apartments and a 175-room premium boutique hotel complemented by ground-floor specialist high-end retail The third tower will be an affordable housing building The apartments are set to be larger in size and the hotel will offer 5-star resort-style amenities The design is envisaged to incorporate an integrated ground floor concierge reception for both the residences and the hotel as well as allowing residents access to hotel services One Global Capital Chairman and Group CEO Iwan Sunito highlighted the unique appeal of Macquarie Park stating: “Macquarie Park is a unique suburb of Sydney in that it affords an abundance of amenities “It offers excellent transport links with both rail and bus services one of Sydney’s largest shopping centres It’s referred to as the ‘golden triangle of property investment’.” The site benefits from close proximity to Macquarie Centre shopping centre and two Sydney Metro Stations at Macquarie University and Macquarie Park providing direct access to the surrounding CBDs You must be logged in to post a comment Construction industry ready as Queensland hospital expansion review concludes Boroondara opens nominations for 2025 Urban Design Awards Construction industry leaders to take part in 2025 Vinnies CEO Sleepout New leadership team appointed to overhaul QLD’s construction regulator Engineers Australia calls for target of 60,000 additional engineering graduates by 2035 Willmott Dixon selected to lead construction of Northern Roots Visitor Centre in Oldham New York state launches US$16.6m road resurfacing initiative on Long Island Foster + Partners unveils design for luxury green community on Laheq Island Victoria Tower Adelaide celebrates topping out milestone Plus Architecture secures DA approval for landmark build-to-rent project in West Melbourne Why concrete carbon sequestration could revolutionise the construction industry Adoption of AI in construction remains low with widespread concerns CFMEU investigation uncovers bad behaviour in building industry Sector hones in on sustainable building elements to meet efficiency standards Concrete surface treatments still improving after decades of innovation The developer of a Macquarie Park apartment block found to be at risk of long-term collapse if major structural issues were not addressed has refused to outline steps it has taken to fix the problem and halted the government from releasing key documentation Almost one year after Building Commission NSW issued a work rectification order for 23 Halifax Street a remediation building company that promises to repair concrete to “look good as new” is filling cracks in the concrete slab and repairing joints in the basement Residents began moving into the apartment block in late 2020 but last January Building Commission NSW issued a work rectification order for the multi-unit complex in Sydney’s north developed by Chinese-led developer Greenland Australia and built by now-defunct GN Constructions The commission had discovered “serious damage and spalling of the concrete slab at the joint locations in basements and the ground floor” which could eventually impact the structure’s ability to “withstand the car park and ground floor loads” Spalling is when concrete breaks off in chunks or flakes from its body The commission made it clear there was no immediate risk to residents and any threat of collapse was long-term but the agreement it reached with the developer to rectify the issues has been shrouded in secrecy the rectification order was removed from the Building Commission website in June last year This is common when developers enter into legally binding undertakings the agreement was not published on the commission’s website (An acknowledgment that one exists is visible.) When the Herald in August sought a copy of the document under freedom of information laws the agency agreed to release a redacted version and said releasing it in full would expose the strategies the commission used to bring developers into line Greenland in November appealed against revealing any information Neither the commission nor Greenland would reveal the grounds for the appeal and the company has until March to appeal to an external ombudsman The delay means the public will not have access to the undertaking concerning the state of their building until more than a year after the work rectification order was issued The developer has also declined to answer questions from the Herald about how it has sought to fix the problem In a statement in response to detailed questions about the nature and timing of the remediation works Greenland Australia spokesperson Kym Cheek said: “Greenland’s third-party engineering consultants expect to complete their localised rectifications by the end of January 2025 in line with the works program provided by the Building Commission Regular site meetings have been held with the Building Commission and the works are in the final stages of completion “Greenland engaged several third-party engineers to assess the situation as soon as it identified a possible issue This was well before a rectification program was provided by the Building Commission The engineers did not find any major structural defects in the concrete or risk of building collapse.” Greenland did not identify what the works program was or who was involved in the remediation work Cheek said: “Greenland will not provide further commentary beyond what it has already provided Building Commissioner James Sherrard, who replaced inaugural commissioner David Chandler in October also failed to provide information about the fixes saying it was the responsibility of the developer to communicate how it would fulfil the undertaking Building Commissioner James Sherrard declined an interview and Building Commission NSW did not answer specific questions about the repairs.Credit: Janie Barrett The commission did not answer questions from the Herald about whether Greenland had complied with the undertaking whether it knew if the work had been completed or if any action had been taken against the certifier who had signed off on the slab and building In a written response provided by a spokesperson Sherrard said he had conducted “a limited site inspection focusing on the defect areas” “While I understand the frustration residents must feel with the process rectifying structural defects can take time especially when a building is already occupied,” he wrote “Once the developer has deemed the rectification works are complete Building Commission NSW will be notified and a final inspection of the remediation works will take place the Building Commission NSW inspector will verify that the work complies with the requirements of the undertaking.” A spokesperson added: “There is no current risk to residents who live in the Macquarie Park premises from the defects.” A walk through the public area of the car park and basement which is open to patrons of the above shopping centre a building company specialising in remediation work and work appears to match a description of fixes posted on the building company’s website last year Remedial builder CJ Duncan has a site office and construction area within the basement at 23 Halifax Street “CJ Duncan is making great progress on the concrete remedial works at 23 Halifax St, Macquarie Park,” the November blog post read and soffit strengthening.” Corbels are structural pieces emerging from walls that support a weight above The view inside the affected basement at 23 Halifax Street CJ Duncan staff were not on site when the Herald visited and did not respond to multiple requests for comment The complex is across the road from North Ryde metro station Some apartments in the complex have fallen in value One apartment was sold for $691,800 in September last year down from the $738,000 it was sold for in November 2020 Another listing for a unit sold just before Christmas describes the “true urban oasis” as one created by “astute developer Greenland Australia” The “prestigious new apartments” had the “highest standard of finishes” Start the day with a summary of the day’s most important and interesting stories, analysis and insights. Sign up for our Morning Edition newsletter An earlier version of this report said owners and tenants did not have access to the developer’s undertaking to repair the defects The building commission said the undertaking had been supplied to the owners corporation Almost one year after Building Commission NSW issued for 23 Halifax Street a remediation building company that promises to repair concrete to \\u201Clook good as new\\u201D is filling cracks in the concrete slab and repairing joints in the basement but last January Building Commission NSW issued a work rectification order for the multi-unit complex in Sydney\\u2019s north The commission had discovered \\u201Cserious damage and spalling of the concrete slab at the joint locations in basements and the ground floor\\u201D which could eventually impact the structure\\u2019s ability to \\u201Cwithstand the car park and ground floor loads\\u201D the agreement was not published on the commission\\u2019s website Greenland Australia spokesperson Kym Cheek said: \\u201CGreenland\\u2019s third-party engineering consultants expect to complete their localised rectifications by the end of January 2025 \\u201CGreenland engaged several third-party engineers to assess the situation as soon as it identified a possible issue The engineers did not find any major structural defects in the concrete or risk of building collapse.\\u201D Cheek said: \\u201CGreenland will not provide further commentary beyond what it has already provided Sherrard said he had conducted \\u201Ca limited site inspection focusing on the defect areas\\u201D \\u201CWhile I understand the frustration residents must feel with the process especially when a building is already occupied,\\u201D he wrote \\u201COnce the developer has deemed the rectification works are complete the Building Commission NSW inspector will verify that the work complies with the requirements of the undertaking.\\u201D A spokesperson added: \\u201CThere is no current risk to residents who live in the Macquarie Park premises from the defects.\\u201D and work appears to match a description of fixes posted on the building company\\u2019s website last year \\u201CCJ Duncan is making great progress on the concrete remedial works at 23 Halifax St \\u201CThe project focuses on corbel repairs and soffit strengthening.\\u201D Corbels are structural pieces emerging from walls that support a weight above Another listing for a unit sold just before Christmas describes the \\u201Ctrue urban oasis\\u201D as one created by \\u201Castute developer Greenland Australia\\u201D The \\u201Cprestigious new apartments\\u201D had the \\u201Chighest standard of finishes\\u201D Start the day with a summary of the day\\u2019s most important and interesting stories An earlier version of this report said owners and tenants did not have access to the developer\\u2019s undertaking to repair the defects The building commission said the undertaking had been supplied to the owners corporation.