Frasers Property Australia and Winten Property Group launch Australia’s first Community Business District – Macquarie Exchange
01 May 2019
The future of
Sydney’s Macquarie Park is set to be dramatically
transformed by
Frasers Property Australia and
Winten Property Group with
the official launch of Australia’s first Community Business District –
the $750 million[1]
Macquarie Exchange.
Located at the entrance to
Macquarie Park’s new Metro station, Macquarie
Exchange will convert a 15,620 sqm site into 83,368 sqm (gross lettable
area) across four innovative
buildings (MQX 1: 16 storeys, MQX 2, 3 and 4: 8 storeys high). It
comprises 74,093 sqm of commercial (net lettable area), 5,693 sqm of
retail including a proposed childcare centre and gym and a central park
with over 2,200 sqm of green space.
When completed, over 7,000 employees will work in the urban hub designed
by renowned architects
Bates Smart.
Reini Otter, Executive General Manager Commercial &
Industrial for Frasers Property Australia, comments, “Place making is at
the core of the Community Business District concept. At the heart of
every great place is people. Macquarie Exchange will be a dynamic
activated urban commercial community that prioritises social interaction
and collaboration - unlike anything that has existed in Macquarie Park
before.
“Macquarie Exchange will activate the Metro
precinct, setting a new
precedent for work environments outside the CBD. With its scale,
location and diversity, Macquarie Exchange has the ability to create a
bustling mixed-use community, offering a network of spaces with a
variety of experiences and activity for local businesses and the
community.”
Stuart Vaughan, Development Director at Winten Property
Group comments, “Macquarie Park has become one of Sydney’s iconic
metropolitan hubs and is undergoing major gentrification and
infrastructure upgrades to improve connectivity and amenity in the area
as part of local and state planning objectives for the Macquarie Park
Corridor.
“It made commercial sense to position Macquarie Exchange at the entrance
to the Metro station, which is also the gateway to Macquarie Park’s
commercial precincts. The area is already a driver of economic growth
and employment in
New South Wales and state infrastructure such as the Metro upgrade.”
“The Macquarie Exchange site will provide significant public benefits
through the provision of a new publicly accessible park, civic plaza and
Metro station, multiple through site links and an activated retail
precinct supported by A-Grade office spaces,” he added.
Philip Vivian, Director at Bates Smart said, “Macquarie
Exchange is designed to be an authentic urban environment that is rich
in human spaces. An urban plaza, pocket park, retail laneway, roof
terraces and north facing balconies provide new destinations for workers
and locals alike. A green heart acts as a focal point for leisure and
work pursuits. This is where city and soul unite in a new kind of urban
hub, where pieces of city making come together to create a rich urban
experience.”
The A-Grade office building with expansive, interconnecting spaces via
the stairs and floors, boasts several key features including flexible
floorplate sizes (1,500 to over 2,150 sqm) and leasing arrangements, a
vast outdoor urban plaza and central park, retail laneway and onsite
health and wellbeing facilities. A full-time Community Manager will be
dedicated to creating connections utilising state-of-the-art technology
in the smart buildings to build community engagement. Building concierge
services will also be provided.
Winter gardens designed with voids to create break-out spaces and
maximise natural lighting feature in MQX 1, while MQX 2, 3 and 4 include
rooftop office and terrace spaces, outdoor terraces fronting the streets
and access to the winter garden overlooking the park. Activated public
spaces and inspirational urban art will intertwine in the central park
area.
The urban hub will have a WELL Silver and Core rating, a 5 Star
Green
Star rating from the
Green Building Council of Australia and a minimum 5
Star
NABERS rating.
Macquarie Exchange is easily accessible to several major transport
routes. The new Northwest Metro opens in May 2019 with trains operating
every four minutes in peak hour to the CBD. It also accommodates a
helicopter pad on site. Only a few buildings in
Sydney offer this advantage. The urban hub is easily accessible to
major arterials including the M2, M4, M7 and Lane Cove Tunnel. It is
also situated on two major arterials – Lane Cove Road and Waterloo Road.
Sydney CBD is within a 12-kilometre car journey and Parramatta is a
short 13-kilometre commute. Bus stops adjoin the site with access to 30
different routes.
Macquarie Park is a well-established business hub, contributing $9.5
billion to the local economy. 1,900 plus businesses are based in the
area, and over 40,000 students attend the university and 57,000 people
are expected to work in the area by 2028[2].
As a leading employment centre for northern Sydney, the area is home to
many of Australia’s Top 100 companies already in the area including
Foxtel, Optus, Orix, Brother, Canon, Hyundai, Dupont and Konica Minolta.
Macquarie Park is fast gaining a reputation as a nationally significant
innovation and research area and is home to Macquarie University,
Macquarie University Hospital, and Macquarie Centre – largest shopping
centre in Sydney’s north.
Macquarie Exchange is a collaboration between two of Australia’s most
renowned property developers. Frasers Property Australia and Winten
Property Group have joined forces and pooled their combined 140 plus
years of experience.
Development approval is expected in August.
Jason Wright and Chris Bailey from GJS Property and Denys Bizinger and
Francesco Princi from JLL are the leasing agents. MQX 1 is expected to
be completed in Q1 of 2022.
For further information visit: mqx.com.au.
[1]
Estimated completed development value for Macquarie Exchange as at
April 2019.
[2]
Macquarie Park Economic Profile June 2018: City of Ryde.
--ENDS--
Source: Frasers Property - www.frasersproperty.com.au
Contact: N/A
External Links: For further information visit: mqx.com.au
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