Macquarie Park Property Leasing Specialists

Macquarie Park Property News

The Harris Technology building on the corner of Epping Road and Wicks Road in Macquarie Park was sold for $4.95 million. The 1,799sqm building is on 4,016sqm of land.

A recent publication from the Property Council of Australia has reported an increase in vacancy of office space in Macquarie Park. Due to an increase in supply, the vacancy rate of office space in Macquarie Park has increased to 11.2%.

A grade office space vacancy is now 9.2%, B grade office space is now 12.1% and C grade office space is now 20%.

The 7 Eleven store on Lane Cove Road, Macquarie Park has sold on a yield of 4.96%. The sale price was $6.01 million.

Plans for the North Ryde Station Urban Activation Precinct are progressing. The Development Application is now on exhibition. It involves the development of a 12.5 hectare area stretching from North Ryde Railway Station through to the intersection of Waterloo Road and Wicks Rd, Macquarie Park. It will accommodate 3000 new homes and new office space in Macquarie Park.

Further information at www.planning.nsw.gov.au/northryde

The 12,892sqm office building has been sold for $34 million.

It requires refurbishment. It has a loading dock and some storage space on the ground floor.

Pharmaceutical group Novartis are undertaking a $50 million redevelopment of their site at 54 Waterloo Road, Macquarie Park.

The building will be 10,000sqm of office and should be completed in September 2015.

AMP Capital is completing its impressive Macquarie Park Shopping Centre. Having spent $440 million on the centre, it boasts more than 37 food and speciality retailers, 29 of which are new to the centre.

The centre will grow by about 38,000sqm to a total of 138,500sqm on completion.

Stockland have jointly acquired the Optus Centre in Macquarie Park.

The $375 million development consists of a 7.5 hectare site and 6 a grade office buildings.

Macquarie Park is expected to continue growing as CBD sites become more limited in supply.

BIS Shrapnel anticipate the precinct to account for 13 per cent of new office constructions over the next 10 years. Mr Walker said the precinct was particularly well positioned.

Gerry Harvey has launched a $150 million apartment and office development in the precinct.

In June, Macquarie Park/North Ryde and Parramatta had lower vacancy rates than the CBD according to the property council.

Located on the North Shore, only 12 km from the Sydney CBD, Macquarie Park is undergoing a massive change.

Both Meriton and Toga have new residential project that are currently under construction.

The State Government propose to rezone a 13.99 hectare site for residential use. Approximately 50,000 sqm of new floor space is expected to be developed over the next 2 decades.

Over 6,000 apartments are also expected to be built during this time frame.

Woolworths plan Masters Home Improvement Centre in Macquarie Park
Australian Financial Review 02/04/13

Dexus Property Group has just sold the former Peter Board High School on Epping Road Macquarie Park for $30 Million.

Woolworths can see the potential and is planning a 13,500 sqm Masters Store.

AMP Capital Redevelops Macquarie Shopping Centre
Sydney Morning Herald 09/02/13

AMP Capital are spending $390 million on extending and redesigning Macquarie Shopping Centre.

Upon completion Macquarie Shopping Centre will be the second biggest shopping centre in NSW, with 136,000 sqm of food, retail and leisure outlets.

New Head Office for Canon
Australian Financial Review 04/02/13

Canon are relocating to 5 Talavera Road, Macquarie Park.

A new purpose built office building is being constructed and is due for completion in April 2014.

Canon will occupy most of the 11,160sqm building.

Major Redevelopment of Stanford Hotel, Macquarie Park
Australian Financial Review 04/10/12

The Stanford Grand Hotel in Macquarie Park is being redeveloped with 576 apartments being built.

7 buildings will be constructed that range between 4 – 20 storeys.