Macquarie Commits A$240 Million to Land for a 200MW Sydney Campus — Approvals Still Decide the Timeline
Macquarie Data Centres said it exercised an option to buy a 34,200-square-metre Macquarie Park site for A$240 million. The company plans a Sydney North Zone campus of about 200MW, with initial construction estimated for late calendar year 2029 if planning and other approvals are secured.
Macquarie Data Centres has moved a Sydney expansion from option to purchase, exercising rights over a 34,200-square-metre Macquarie Park site for A$240 million.
The ASX-listed Macquarie Technology Group unit plans an engineering and technology campus beside a data-centre campus of about 200MW in Sydney’s North Zone.
The project remains conditional.
Completion of the land purchase is expected over the coming weeks.
Facility design still depends on planning approvals, power approvals and customer requirements.
The site sits between Talavera Road and the M2 motorway in a high-tech industrial zone and one of Sydney’s fibre-rich technology corridors.
Designs may still change as prospective customers add specifications.
The disclosed purchase price and 200MW target are the clearest hard numbers; final capacity delivery depends on approvals and demand.
Cooling is designed for higher-density workloads.
The facility is intended to use advanced air cooling and closed-loop heat-rejection technology to reduce operational water use, and to support high-density direct-to-chip liquid cooling as well as air cooling inside the data halls.
Macquarie has not named an AI tenant or cloud customer, but says the campus would let existing and prospective customers shape design requirements early.
Initial construction is estimated for late calendar year 2029, subject to planning and other approvals.
Power approvals sit alongside planning approvals and customer requirements as explicit conditions.
A 200MW campus needs electricity access, cooling decisions and staged construction before the site becomes operating capacity.
The project would also extend Macquarie Technology Group’s partnership with Macquarie University, offering hands-on opportunities for students and researchers in data centre, cyber security, AI and cloud technologies.
Community features proposed for the site include a park of more than one acre, recreational areas, a community garden for City of Ryde residents and an outdoor art gallery.
Chief executive David Hirst said the campus would pair 200MW of Australian-owned and operated data-centre capacity with local community benefits and university access.
The remaining gaps on the public record are anchor customers, power-supply agreements, grid-connection terms and planning approval dates.
