STOCKLAND TO DEVELOP FIRST DATA CENTRE
PRESS RELEASE: Stockland will build its first data centre after gaining approval for $264-million project in Macquarie Park.
The data centre, named Athena, will be built in the ASX-listed company’s M_Park precinct at 11-17 Khartoum Road and 33-39 Talavera Road in Sydney’s North Shore.
The application was for a five-storey building to operate all hours as well as a new road, parking, security and fencing as part of stage 2 of the precinct development.
M_Park was granted approval in late-2019 and stage one included a 10-storey office building with 1800sqm floor plates, four other buildings were planned for the site.
Stockland identified the “acceleration of innovation, digital and data capabilities” as a key priority in its latest quarterly update.
Stockland was also expanding its logistics and workplace pipeline with Leppington Business Park after purchasing the 10.3ha site in October and gaining stage one approval in January in south-west Sydney.
The approval followed recent reforms and proposed changes to NSW data centre planning, dropping the threshold for state significant developments from $50 million to $30 million until May 2023, in a bid to fast-track these developments.
NSW planning minister Rob Stokes said the new centre would provide vital support to the growing digital economy.
“Our increased reliance on digital technologies means the demand for the physical infrastructure underpinning these technologies is growing,” Stokes said.
“Fast-tracking data centre assessments are a key part of the NSW government’s planning reforms because they are vital to supporting our economic growth.”
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