Macquarie Park CBD is Sydney’s fastest growing business centre and one of the largest commercial office destinations. The development has up to 158 modern furnished apartments, inclusive of a function hall, conference room, gym, pool, café and restaurant. Starin has engaged with TFE Hotels brand Adina to manage the Apartment-Hotel. The property is expected to be operational by August 2019.
An opportunity exists to participate in up to $ 11M equity raising for this exciting project.
MBUT is a specialised unlisted property fund open for Investment.
Investing with MBUT would have the distinct advantage of having accelerated capital growth and high investment returns.
MACQUARIE PARK- A BUSINESS PRECINCT ON THE RISE
As per official website of Macquarie Park administered by city of Ryde, Macquarie Park is a business precinct on the rise. Located just 12km north-west of the CBD, the area has quickly become Sydney’s second largest business district and already hosts a range of corporations in industries including telecommunications, technology, pharmaceutical and electronics. Just some of the growing list of luminaries who call the area home include Microsoft, Sony, Optus, Johnson & Johnson and Goodman-Fielder.
Macquarie Park is currently the third largest commercial office region in New South Wales after Sydney CBD and North Sydney, and is on track to becoming the nation’s fourth largest CBD (behind Sydney, Melbourne and Brisbane) by 2030. By a similar time, the precinct is expected to create 40,000 more jobs. All this is made possible by a flexible, fast-evolving infrastructure and a commitment to growth and development.
In terms of connectivity, Macquarie Park is on the Chatswood to Epping Rail Line and a major stop for bus services from key centres such as Parramatta, North Sydney and Castle Hill. The park is accessible by car via the M2, M4, M7 and Lane Cove Tunnel. The Macquarie Centre also operates the Biz Park shuttle, which offers free transit between the Centre and around the business park.
As featured on Sydney Morning Herald, Macquarie Park leasing deals are on the rise as tenants look to escape the rising rent levels in the Sydney, North Sydney and Parramatta central business districts.
The area is fast becoming a growth corridor in Sydney’s north and is home to global players across the pharmaceutical, electronics, technology and telco industries.
Stockland has earmarked the district for growth with plans to develop a $500 million state-of-the-art technology hub at Macquarie Park in Sydney, and has lodged plans to develop the first stage of the renewed innovation precinct.
One of the latest leases is at 54 Waterloo Road in Macquarie Park, occupied by Pharmaceutical Company Novartis, who recently sold the adjoining site at 58 Waterloo Road to Goodman.
Novartis previously occupied the two buildings at 58 Waterloo Road, before developing a new head office of over 10,000 sqm on its adjoining site at 54 Waterloo Road in 2015.
As quoted in the Urban Developer, Macquarie Park is home to many of Australia’s “Top 100” companies, research and education institutions. The precinct generates over $9 billion for the Australian economy each year.
Sourced from Macquarie Park website and other leading property news website (like AFR, theUrbanDeveloper), the thriving business centre is established on over 200 hectares of previously industrial land, which was rezoned to accommodate a host of global ASX-listed businesses and industry leaders. Currently over 840,000 square metres of commercial space is available to lease at Macquarie Park, with eleven major development application approved projects in the pipeline.
Some of the major developments currently in the works include:
About STARIN’s Macquarie Park Development Site
A premier serviced apartment hotel project located at 388-392 Lane Cove Road, Macquarie Park, NSW 2113 represents a unique opportunity to invest within arguably the most significant landmark development sites available within Macquarie Park. The site is situated nearby all of the major amenities Macquarie Park has to offer including the Macquarie Shopping Centre, Macquarie University Railway Station and Macquarie University. The site is at the intersection of Lane Cove Road and Hyundai Drive, less than 150m from the new Macquarie Park railway station.
It is located in the Global Business Corridor in Sydney, approximately 20 minutes to Sydney CBD and 45 minutes to International Airport by Freeway.
References:
http://macquariepark.com.au/general-info/planning-development-copy/
https://theurbandeveloper.com/articles/john-holland-appointed-to-reinvigorate-macquarie-park
https://theurbandeveloper.com/articles/stockland-launches-500m-tech-precinct-at-macquarie-park
https://www.smh.com.au/business/investments/mac-park-lease-deals-on-the-rise-20180306-p4z339.html
PROJECT TEAM
| Architects | Group GSA |
| Solicitors | Norton Rose Fulbright (formerly Henry Davis York) |
| Operator | Toga Far East Hotels |
| Quantity Surveyors | WT Partnership |
| Auditors | PwC Australia |
| Consultant | EY (formerly Earnest Young) |
| Project Managers | RPS Management |
| Construction Superintendent | BlueVisions Management |
| Early Works Contractor | DECC Shoring Pty Ltd |
| Main Contractor | Taylor Construction Group |
PROJECT STATUS AT A GLANCE
| Land Property | acquired (unencumbered) |
| Development Application | approved |
| Debt Finance Offers | final stages |
| Drawings and Design | completed |
| Excavation and Piling | completed |
| Hotel Management | TFE Hotels engaged |
| Planned Start of Construction | (anticipated) March 2018 |
| Main Contractor | awarded |
| Planned Start of Operations | (anticipated) August 2019 |
Foreign investors are generally subject to the concessional withholding tax rate of 15% on passive investment activities offered by an Australian Unit Trust.
Foreign investors are advised to discuss the investment intent with tax and financial advisors carefully before investing.
For more details – Click here