Developer Lists $100m North Shore Site


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.

Show Comments
advertise with us
The Urban Developer is Australia’s largest, most engaged and fastest growing community of property developers and urban development professionals. Connect your business with business and reach out to our partnerships team today.
Article originally posted at: