John Holland has reached practical completion on a $333 million building in a 3.2-hectare commercial development hub.
The building, called the Glasshouse, is one of five that makes up the Macquarie Square precinct, one of North West Sydney’s newest commercial developments.
It consists of 34,270 square metres of commercial net lettable area and 840 square metres of retail area.
The building aims to set a new benchmark for CBD-quality design in Sydney’s North West.
John Holland Executive General Manager Development & Investments Tom Roche said Glasshouse’s completion was a testament to the integrated development and building teams responsible for the acquisition, construction, leasing, and sales processes.
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“This modern workplace has the hallmarks of a prime commercial development, and as developers and builders we could not be more proud to have it ready for business for our client and anchor tenants the NSW Government,” Roche said.
“The integrated team from our building and development businesses worked seamlessly to ensure this new office precinct exceeded expectations.
“Macquarie Park is a market that continues to grow, and this CBD-quality development will set a new standard for the region. Glasshouse is just the beginning with development application for future stages to be lodged with Council in the month ahead.”
Charter Hall Office CEO Adrian Taylor said, “we are proud to continue our partnership with NSW Government, and their 12-year commitment to Glasshouse as a long-term tenant customer is a strong endorsement of the quality of this leading office development.”
“The acquisition of Glasshouse is consistent with our strategy of acquiring high quality assets for our funds that have a long WALE and leased to strong government and corporate covenants in key office markets.”
When complete, the wider Macquarie Square community will include a 7000 square metre public park at its heart and a lifestyle precinct with retail, dining and a fitness centre.