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Developer Lists $100m North Shore Site

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Industrial and residential company Lindsay Bennelong Developments’ final site at the $400 million Gore Hill estate on Sydney’s Lower North Shore has hit the market.

The 3,840sq m site has development approval for a 13,998 square metre designed and engineered data centre facility.

Lindsay Bennelong Developments acquired a permit for a four-level data centre with market leading power, fibre and connectivity.

Once constructed as a fully engineered data centre, the site is expected to sell in excess of $100 million.

Related: Developer Lodges Plans for 'Vibrant Urban Village' in North Sydney

A render of lot 3 Broadcast Way, Gore Hill.
A render of lot 3 Broadcast Way, Gore Hill.


Knight Frank’s Matthew Lee and Arland Domingo, in conjunction with GJS Property’s Chris Bailey.

Lee said the lot 3 Broadcast Way site is the only dedicated commercial precinct on the Lower North Shore capable of delivering a data centre with proximity to North Sydney and the Sydney CBD.

“We expect it will attract strong interest from owner-occupiers and tenants,” Lee said.

The Gore Hill estate is home to Fox Sports, ASX Data Centre and Chief Entertainment.

In August last year the developer offloaded a 1.25 hectare site in Sydney's north shore to data centre owners NextDC for $90 million.

The Department of Planning and Environment has recently unveiled a 20-year plan for the region, which includes a new metro station for Crows Nest as part of the Sydney Metro.

Construction will commence in the coming months with a completion date scheduled for 2020.

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Article originally posted at: https://theurbandeveloper.com/articles/developer-lists-100m-sydney-north-shore-site-