Macquarie Data Centres Acquires 34,200 sqm Site in Sydney for 200MW Campus

Macquarie Technology Group subsidiary Macquarie Data Centres has exercised its option to purchase a 34,200 square meter (368,125 square feet) plot of light industrial zoned land in Sydney's Macquarie Park, paving the way for a major new data center development. The site, located between Talavera Road and the M2 motorway, is valued at AU$240 million (US$167.95 million) and will be funded through existing cash reserves and the group’s corporate debt facility. Completion of the purchase is expected in the coming weeks following a successful subdivision process.

The company plans to develop a 200MW data center campus on the site, with initial construction estimated to be completed by late 2029. This new campus will join Macquarie’s existing portfolio, which includes two facilities in Sydney’s central business district (IC1) and the Macquarie Park Data Center Campus, currently home to IC2 and IC3, with IC3 Super West under development. The company also operates two bunker data centers in Canberra. Macquarie first signaled its intention to build another campus in Sydney in July 2025 but provided few details at the time.

Beyond its core function, the development is designed to deliver community benefits. Macquarie said it will include a one-acre park featuring a community garden and an outdoor art gallery showcasing works from local artists and Macquarie University. The campus will also support research, technology, and learning opportunities in partnership with the university. Macquarie Data Centres CEO David Hirst said: “Alongside the ~200MW of Australian-owned and operated data centers this will deliver to Sydney's north zone, the proposed campus will also deliver lasting benefit to the local community. In partnership with Macquarie University, students and researchers will gain hands-on access to the latest data center, cyber security and cloud technologies. It will also provide a more than one-acre-sized intergenerational community park for City of Ryde residents.”

To fund the construction costs, Macquarie said it is exploring a range of options, including capital recycling of existing assets and development partnerships. The acquisition underscores the growing demand for data center capacity in Sydney, driven by cloud adoption and AI workloads, while highlighting the increasing integration of community and educational elements into large-scale infrastructure projects in Australia.