Connect media release

Stockland connects with leading Macquarie Park businesses to boost transport solutions

26 October 2015

We are pleased to announce Stockland, Australia’s largest diversified property group, has joined Connect Macquarie Park + North Ryde (Connect), an independent not-for-profit organisation devoted to transforming transport in and around Sydney’s second largest CBD to boost productivity.

Macquarie Park is enjoying steady growth and a rapidly evolving infrastructure. In 2014, the Property Council of NSW released office market reports citing Macquarie Park as the second largest business precinct in NSW[1], ahead of both North Sydney and Parramatta.

Macquarie Park is an employment powerhouse for Australia. Modelling released by PriceWaterhouseCoopers (PWC) found the precinct’s output had doubled in a decade, reaching was $9.1 billion and ranked as the tenth largest location for economic output in Australia.

Experienced transport planner and General Manager of Connect, Rebecca Lehman, said “Providing public access to and from Macquarie Park is a major task that requires significant resources and co-ordination.” Ms Lehman said, “For our member businesses, we audit current business practices and infrastructure – supporting employee participation in sustainable transport modes.” She continues, “For employees at our member businesses, we target and develop key partnerships with sustainable transport providers and organisations to provide attractive discounts for employees to use active and public transport.”

Craig Lenarduzzi, National Asset Manager, Logistics & Business Parks, Stockland Commercial Property, said “Our properties are strategically positioned in key locations for logistics. For over 15 years now we have invested in the Macquarie Park precinct, with current asset holdings valued at $534 million[2]. Ensuring our tenants can navigate to, from and around the precinct is incredibly important to our business and Connect offers businesses the opportunity to learn from one another and introduce new staff initiatives to improve multimodal transport use.”

Andrew Parker, Connect’s Chairman and National Manager Employee Experience at Singtel Optus said, “We are proud to welcome Stockland on board and look forward to navigating pathways for growth together. Connect members include diverse private enterprises, Macquarie University, the retail sector, local government and the NSW government. It is independent and not-for-profit.” Mr Parker goes on to say “Joining Connect demonstrates social responsibility and leadership, providing direct benefits to the community. Our members are committed to ensuring Sydney’s second largest CBD transforms into a liveable, well connected and inspiring precinct.”

 

For media queries, please contact:

Zara Whitwell – Marketing Manager

0423 100 021

zara@connectmacpark.com

 

[1] 2014 Property Council of NSW office market report – Wednesday 21 January 2015 City of Ryde Media Release – Macquarie Park New Prospectus

[2] Stockland June 2015

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