Macquarie Park in NSW will comprise a data centre. Credit: NSW Government.

The State Government of New South Wales (NSW) in Australia has announced a new place strategy and masterplan for Macquarie Park, which will be transformed into an innovation precinct.

Macquarie Park is expected to play a key role as an innovation precinct and an economic powerhouse in the North District of Sydney.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

NSW Department of Planning and Environment Metro Central and North, planning and land use strategy executive director Alison McLaren said the plan would help in the transition of Macquarie Park from a business park to a world-class innovation precinct.

The place strategy and master plan will provide a framework for detailed neighbourhood master plans and future rezoning such as more specific details on height limits and open space.

McLaren added: “Macquarie Park already boasts a bustling business hub today, and our plan aims to develop it even further with around 20,000 new jobs into the future, focused on education, health, technology and advanced manufacturing.

“The Metro, which has already transformed the way people move along the northwest corridor, will enable the staged delivery of seven new suburbs that can support up to 7,650 homes.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Macquarie Park plan aims to create vibrant new neighbourhoods comprising restaurants and entertainment, including a 40% canopy cover in residential areas.

It also comprises sporting fields, up to 20ha of new parks and open space, and about 27km of new roads, footpaths and cycleways.

Macquarie Park’s residential developments will include seven new suburbs.

The Department of Planning and Environment will partner with Council to create neighbourhood masterplans.

Last year, NSW Government approved a new A$264m ($168m) data centre in Macquarie Park.