Frasers Property Industrial and Winten Property Group have received development approval for Australia’s first ‘Community Business District’ – the $750 million Macquarie Exchange.
Located at the entrance to Macquarie Park’s new Sydney Metro station, Macquarie Exchange will convert a 15,620 sqm site into 83,368 sqm (gross floor area) across four state-of-the-art buildings.
The largest building, MQX 1, will be 17 storeys, while the remaining three buildings (MQX 2, 3 and 4) will be 9 storeys high.
Macquarie Exchange is approved to comprise 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.
On completion, over 7,000 employees will work in the urban hub designed by renowned architects, Bates Smart.
General Manager Northern Region for Frasers Property Industrial, Ian Barter, says Macquarie Exchange will deliver a viable alternative to city locations, with seamless connections via the Sydney Metro Macquarie Park station.
“Macquarie Exchange is designed to be a place of meaningful collaboration and connection – combining rich retail experiences in the laneways and station plaza with relaxing green space in central park, as well as future working environments focused on well-being and sustainability,” he said.
“Businesses and the Macquarie Park community would be able to use the precinct day and night to activate its urban heart, creating a new central destination,” Mr Barter added.
The approved A-Grade office building will boast 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.
Expansive terraces linked via interconnecting stairs will create break-out spaces and maximise natural lighting in MQX 1, while MQX 2, 3 and 4 are expected to include rooftop office and terrace spaces, outdoor terraces fronting the streets and interconnecting floors via winter gardens overlooking the park.
Activated public spaces and inspirational urban art will intertwine through site links from the Macquarie Park Metro station to the central park area.
The urban commercial park will provide 100 per cent carbon-neutral energy to all buildings within the park.
Macquarie Exchange has been designed to achieve a WELL Silver and Core rating, 5 Star Green Star rating from the Green Building Council of Australia and a minimum 5 Star NABERS rating.
Construction on Macquarie Exchange is targeted to commence in Q3 2020.