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Macquarie Technology Group Limited (ASX:MAQ)

ALERT: Price-sensitive ASX Announcement for MAQ
Current share price for MAQ : $64.245 -1.815 (-2.75%)+
Announcement
Release
16 Jul 2026 8:22AM
Price at Release
$66.060
Full Release
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Summary
Macquarie Technology Group Limited announced the exercise of a call option to purchase a parcel of land in Sydney for $240 million, to be funded through existing cash reserves and a corporate debt facility. The company plans to develop the Macquarie Engineering & Technology Campus on this site, co-located within a 200MW data centre campus in Macquarie Park. The campus will support research and technology initiatives in partnership with Macquarie University. Proposed developments include advanced air cooling technology, and community benefits such as a park, community garden, and art gallery. Initial construction is expected to complete by late 2029, subject to necessary approvals.
Key Points
  • Exercise of call option to purchase land in Sydney.
  • Development of new Macquarie Engineering & Technology Campus.
  • Purchase price of $240 million funded through cash reserves and debt facility.
  • Potential funding options include capital recycling and development partnerships.
  • Proposed campus includes advanced air cooling technology with limited water usage.
  • Support for research, technology and learning opportunities with Macquarie University.
  • Community benefits include a new park, community garden, and art gallery.
  • Expected completion of initial construction by late 2029.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.