MPark reaches new heights with the topping out of its first workplace

5 min
27 September 2023

Stockland celebrated the ‘topping out’ of its first building at MPark – one of Australia’s largest innovation precincts for life sciences and technology – located in Macquarie Park, 12 kilometres from the City of Sydney. The topping out ceremony marks the completion of the highest structural point of 11 Khartoum Road at Macquarie Park – a nine-storey building designed by global architecture firm 3XN. This building is the first of four (three office buildings plus a data centre) in Stage 1 of MPark.

Stage 1 of MPark, developed in partnership with Ivanhoé Cambridge, is part of a $2 billion mixed-use precinct that will span seven hectares and include substantial space for parks, recreation, and hospitality. Stockland’s Managing Director and CEO, Tarun Gupta said MPark will support the NSW Government’s plans to drive investment and employment, particularly in the health, education, and technology sectors. “Reaching the highest point of a new building is always a big moment. Today’s milestone at MPark brings us a step closer to delivering Stockland’s flagship innovation precinct in New South Wales, which will accommodate world-class tenants, including the future of Australia’s medical technology industry,” said Mr Gupta.

“This first building at MPark Stage 1 is the product of extensive collaboration between the Stockland team and our building partners. MPark will set the benchmark for enabling the future of work. “Sustainability is a top priority with the building targeting 6 Star Green Star and 5 Star NABERS ratings and applying to become WELL Certified (Core Gold level) to enhance the health and wellbeing of people working and visiting the building. “MPark has also been designed to become a certified carbon neutral precinct with high energy efficiency, is fully electric, and powered by renewable energy. “We look forward to welcoming our new tenants to MPark and have them experience our vision of creating a thriving workplace of the future,” added Mr Gupta.

Federal Member for Bennelong, Jerome Laxale MP; City of Ryde Mayor, Councillor Sarkis Yedelian OAM; City of Ryde CEO, Wayne Rylands; tenants; and builder, Taylor joined Stockland at the topping out ceremony which included a Welcome to Country from Darug Community members, as well as a native tree placed at the top of the building. Federal Member for Bennelong, Jerome Laxale MP congratulated Stockland and its partners at MPark’s milestone.

“Macquarie Park is the place to be for innovation in Sydney and indeed New South Wales. This quality development is a prime example for any business in the research, health or medical technology sectors to move to Macquarie Park,” said Mr Laxale.

WiSE Medical is currently occupying a building that will be demolished to make way for the other two office buildings in Stage 1, including Johnson & Johnson’s new headquarters. WiSE Medical CEO, Dr Pankaj Arora said it’s an exciting time for WiSE Medical and Stockland to work together and deliver new facilities for patient-centred care for the communities living in the Hills, North Shore, and Canada Bay areas.

“While Stockland develops the precinct, WiSE Medical will continue to operate onsite, providing world-class emergency care at MPark to take pressure off local emergency departments and helping GPs ensure their patients can get thorough investigations,” said Dr Arora.

Construction of 11 Khartoum Road is expected to be finished this year, while the remaining buildings at 17 Khartoum Road and 15 Khartoum Road are targeted to finish in FY25. With significant public and private investment in Macquarie Park and the world-leading Macquarie University at its heart, MPark is a place where business and research can come together, share ideas, create opportunities, and push each other further. In a natural green setting, MPark is well serviced by public transport and major roads, and close to the population catchments of Chatswood and Ryde and walking distance to Lane Cove National Park, a bushland sanctuary along the Lane Cove River.