John Holland lands $1bn+ Sydney schemeStaff Writer | August 18, 2017
John Holland has been announced as the preferred developer to transform Property NSW’s site on Waterloo Road in Macquarie Park into a thriving commercial precinct.
Australia Significant joint venture developments
The initial stage will be anchored by a 25,000 sqm NLA pre-commitment by Property NSW to be delivered in 2019.
Chief Executive Officer, Joe Barr, said the $1b+ development continues John Holland’s shift in focus from being a market leading engineering and construction contractor to a fully integrated infrastructure and property company.
“We are already involved in significant joint venture developments in Brisbane and Adelaide and focused on a number of opportunities across the country,” he said.
“This is a strategic site located in the heart of Sydney’s second biggest commercial district and adjacent to the soon to be upgraded Macquarie Park Sydney Metro station.
“We look forward to working with Property NSW and the City of Ryde to unlock the site’s full potential, enhance its transport connections and create a precinct for everyone that works, visits and lives in Macquarie Park.”
Executive General Manager, Development & Investments, Tom Roche, said the development would bring significant benefits to the local community.
“This development will deliver a boost to the local economy, create over 4,000 jobs during the development phase and ultimately house over 2,500 office workers, cementing Macquarie Park as a key employment centre within Sydney.
“John Holland is proud to be once again be collaborating with the NSW Government to deliver this innovative project.”
Development is scheduled to commence in late 2017. ■