Stockland Corporation Limited has reached a significant milestone in the development of its MPark workplace precinct in the Macquarie Park Innovation District. The company celebrated the topping out of the building at 15 Khartoum Road and is nearing the completion of 17 Khartoum Road, which will house the new Australian head office for Johnson & Johnson's Innovative Medicines and MedTech businesses. The $2 billion mixed-use precinct is designed to support innovation in the life sciences, health, pharmaceuticals, digital, and technology sectors. MPark will ultimately consist of three workplace buildings, with the first at 11 Khartoum Road completed in December 2023. The precinct aims to become one of Australia's largest hubs for life sciences and technology, promoting collaboration and sustainability.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.