Construction has commenced on yet another addition to Quest Apartment Hotels’ New South Wales portfolio – Quest Macquarie Park – located within the capital city’s emerging suburban CBD.
Macquarie Park is going from strength-to-strength as the third largest commercial office region in New South Wales after the Sydney CBD and North Sydney. By 2030, the area is said to become Australia’s fourth largest CBD after Sydney, Melbourne and Brisbane.
Quest CEO, Zed Sanjana was on-site to inspect the progress of the construction, joined by representatives from Goodman who are developing the property and Vikings, who will be the owner on completion of the development.
“The City of Ryde is anticipating an additional 40,000 jobs to be created during the next 15 years as global companies and industry leaders move into the thriving business centre. It makes perfect strategic sense for Quest to position itself in such a booming corporate centre of Sydney,” said Mr Sanjana.
“The local council is committed to growth and development, which has ensured infrastructure projects get off the ground and global companies relocate to the area. We are thrilled to partner with Goodman to develop the brand new Quest Macquarie Park, our second property in the area to complement the established and successful Quest North Ryde.”
“The brand new property will be walking distance from multinationals like Philips Electronics, Hyundai and Konica Minolta and just a five-minute drive from Macquarie University and Macquarie University Hospital. Despite its proximity to this significant business and industrial centre, guests will also have easy access to scenic hikes and historic sites in the stunning Lane Cove National Park, just a 15-minute drive away.”
“We look forward to strengthening our partnership with Goodman and working together over the coming year, confident in their ability to deliver a premium quality property to meet the high standard we are committed to delivering for our guests. It’s exciting to be expanding our footprint in Sydney with Macquarie Park due to open in late 2016.”
“The Macquarie Park development with Goodman is just one example of the interest Quest has generated recently among high profile developers to expand in key locations. We have established meaningful partnerships with Diploma Group, Pellicano Group, and Salta Properties and plan on cementing these connections with additional developments in key commercial centres across Australasia,” he concluded.
To date, Quest has partnered with respected development partners like Salta Properties to deliver Quest Abbotsford; the Diploma Group on Quest Rockingham and Quest East Perth; the Pellicano Group on Quest Woolloongabba, Quest Glen Waverley, Quest Moorabbin and Quest Dandenong Central; and Goodman on Quest Macquarie Park and Quest Highbrook in New Zealand.
Goodman’s Jason Little, General Manager Australia said, “Goodman has a strong presence in the Macquarie Park and North Ryde area, with over 268,740 sqm business space assets under management. We are pleased to be partnering with Quest and delivering this high quality development which will enhance the amenity for both the estate and the broader community in Macquarie Park.”
Quest Macquarie Park will feature 111 apartments over six levels, comprising studio, one, two and three bedroom configurations. The development will also include on-site parking, a conference room, BBQ area and gym. Located at 71 Epping Road in Macquarie Park, the property is expected to open in December 2016.
The coming 18 months sees an extensive pipeline of new property openings for Quest across Australasia, opening in 13 locations including: Chermside on Playfield (QLD); West Perth, Mounts Bay Road, East Perth and Fremantle (WA); Chatswood, St Leonards, Newcastle, Bella Vista and Macquarie Park (NSW); Dandenong Central (VIC); Port Adelaide (SA); and Petone (New Zealand).