Sydney-based developer, JQZ, has acquired a 1.715-hectare site in Macquarie Park to build a mixed-use apartment development with 4 residential towers and approximately 2000sqm of prime retail. It was acquired from Goodman for an undisclosed amount.
Located at 101 Waterloo Road, in the heart of Macquarie Park, the site passed the company’s stringent site analysis which considers ultimate convenience for its buyers, due to it being right next door to Macquarie Centre.
Jian Qiu Zhang, Founder and CEO of JQZ, said the old adage of ‘location, location, location’ is paramount for JQZ.
“We consider the convenience and lifestyle options of our buyers in every element of our projects, from the choice of site right through to construction quality. This site ticked all of the boxes in terms of convenience as it’s literally right next door to one of Australia’s premier shopping centres and only a 5-minute walk to Macquarie University. You couldn’t live in a better part of Macquarie Park… it’s right in the beating heart. It will also have a train station basically on its doorstep”.
“We will also boost the significant local retail offering with our own retail precinct fronting Waterloo Road”.
JQZ’s own in-house construction team is expected to commence building works in mid-2017.
Positioned for ultimate convenience
Macquarie Park has been identified as one of Sydney’s key growth areas, given the well-established services and transport options available in the suburb.
It is rapidly becoming one of Sydney’s most sought after residential development locations and the delivery of this project will further cement the area’s status as a new local destination in its own right.
“Macquarie Park is one of Sydney’s largest employment hubs and is home to a number of major global brands such as Microsoft, Macquarie University, Foxtel, Oracle, Fujitsu… it goes on and on”.
“Optus employs over 6,500 staff, the university over 3,000 and Foxtel has 2,000. We know of 30 companies in Macquarie Park that employ over 300 people”.
Prime site set to attract local buyers
“Being situated literally in the heart of Macquarie Park, its prime location offers a unique investment opportunity for a diverse range of buyers from first home buyers and local downsizers, to savvy investors. In particular, we believe that our project will appeal to young buyers of the millennial generation given its proximity to some of the country’s largest universities and employers. It is ideal for students of Macquarie University particularly, as it’s only a short walk away”.
Buyers will be incredibly well-connected as the site is serviced by major train stations and numerous bus routes. Macquarie University Station is only a 3-minute walk, or 300 metres away, providing access to Chatswood, Strathfield, the Sydney CBD and Hornsby. A bus stop is also immediately outside the site.
“Macquarie Park is set to experience significant growth over the coming years – making it one of Sydney’s most desirable suburbs to live, work and study in”, Mr Zhang said.