The area of Macquarie Park and surrounds has just been going from strength to strength in the last 12 months, realising a total sale figure of $1.4 billion compared to $885.7 million for the previous 12 month period. Total sales value has been $509 million, $400 million and $546 million, respectively, for the last three quarters.
Included in these figures is the sale of 68 Waterloo Road, Macquarie Park at $106.5 million arranged by JLL - Sydney and CBRE. 68 Waterloo Road is a five-storey office and research building with three basement levels, providing 402 spaces. It was completed in early 2000 with a net lettable area of 13,486 sqm and was bought by interests associated with Vicky and David Teoh. A half share in the property last traded in 2014 at $20,629,504.
Also in Macquarie Park is the Macquarie Corporate Centre at 2 Banfield Road, which has been sold for a reported $144 million through Colliers International. The centre is a 14,874 sqm, 12-storey office and retail building with 4 basement levels of parking for 280 cars and was recently completed in September 2020. The building is ideally located next door to the Macquarie Park Shopping Centre and Macquarie Park railway station. Schneider Electric is already occupying two thirds of the building.
Finally at nearby North Ryde the Riverside Corporate Park has been sold through Colliers at $115 million. The park comprises two 6-storey office and research buildings with a combined building area of 17,853 sqm. There is also a three-level 635-space basement car park with a single storey cafe above which links the two buildings. The purchase was made on behalf of the Master Fund No.2, a blind unlisted fund which invests in commercial office and industrial properties and which is managed by Quintessential Equity.
CoreLogic Australia