Macquarie Technology Group has exercised a call option to purchase a A$240 million parcel of land in Sydney’s Macquarie Park, with the company proposing to build an engineering and technology campus co-located with an approximately 200-megawatt data centre development.
The company said the purchase follows completion of a subdivision process linked to a put and call option arrangement it disclosed on 14 July 2025. Settlement is subject to standard procedures and is expected “over the next few weeks”.
The land, described as a roughly 34,200sqm light industrial zoned site between Talavera Road and the M2 motorway, is to be funded through existing cash reserves and the group’s corporate debt facility. Macquarie said it is considering funding options for construction, including capital recycling of existing assets and development partnerships.
According to the announcement, the proposed development is subject to planning and other approvals, and designs will be refined based on customer requirements, power approvals, construction staging and funding.
Macquarie said the facility is intended to incorporate advanced air-cooling technology with limited water usage. It also said the campus would support research, technology and learning opportunities in conjunction with Macquarie University, building on a previously announced partnership.
Initial construction is estimated to be completed in late calendar year 2029, subject to approvals, the company said.
The proposal also includes community-focused elements, including a planned park of more than one acre within the campus footprint, a community garden intended for City of Ryde residents, and an outdoor art gallery designed to showcase local community and university talent and reflect local history and connection to country.
Macquarie said further details would be shared with the community and investors during the planning and development application process.
