Macquarie Park, NSW

Costi Cohen have successfully negotiated and secured the off market amalgamation of three adjoining unit blocks in Macquarie Park achieving a combined $47.25 million on behalf of our client.

This landmark deal unlocks a major landholding in the heart of Macquarie Park set to become one of the precinct’s largest purpose built student accommodation (PBSA) developments with plans for over 600 apartments.

Strategically located within walking distance of Macquarie University, Macquarie Centre, and the Metro Station, the site is perfectly positioned in one of Sydney’s fastest growing urban precincts underpinned by local infrastructure, strong education links and growing employment corridor.

This transaction follows two years of negotiations with 45 individual owners culminating in one of the most significant amalgamations the area has seen in recent years.

This marks the second acquisition for our client totalling over $75,000,000 in transactions since our engagement.