Macquarie Park Life Sciences Asset Hits the Market Amid Growing Investor Demand

A premium dual-building commercial asset at 60–66 Waterloo Road, Macquarie Park has hit the market, offering investors the opportunity to acquire a high-quality life sciences investment in one of Sydney’s most dynamic suburban precincts.

The listing comes amid growing momentum in capital flows targeting life science and innovation assets, driven by strong sector fundamentals and increasing institutional appetite for resilient, future-focused investments.

The property comprises two modern prime-grade buildings with a combined net lettable area of over 17,400 sqm and is currently 90% occupied and generates a passing net operating income of approximately $8.1 million. 

Tenants include leading names in pathology, medical technology, and industrial automation such as Laverty Pathology, Becton Dickinson, and Yokogawa.

The asset is for sale through Steven Kearney, Kenny Duncanson, Jack Harrison and Mark Hansen of Cushman & Wakefield and Mitch Noonan and James Parry of CBRE.

Steven Kearney of Cushman & Wakefield said “This is a high-quality, income-producing asset with strong fundamentals positioned on a major strategic landholding. 

“We expect significant interest from capital looking to gain exposure to the life sciences and innovation sectors, particularly in a location like Macquarie Park that continues to evolve as a key innovation and research hub.”

Mitch Noonan of CBRE added “The significant rezoning event in Macquarie Park and subsequent stock withdrawals expected between now and 2030 are set to compress vacancy rates below the previous cyclical low of 4.6% in 2020. This positions the area for substantial rental growth, similar to the 6% annual increase in prime net face rents seen between 2015 and 2020.”

The buildings, completed in 2001 and 2007, feature a WALE of 3.5 years, and sustainability credentials including a 5.5-star NABERS Energy rating and 4.5-star Water rating — aligning with growing investor demand for ESG-compliant assets.

Located within walking distance of Macquarie Park (c. 600m) and Macquarie University (c. 800m) Metro stations, the site also benefits from proximity to major arterial roads and lifestyle amenities, including Macquarie Shopping Centre, just a 10-minute walk away.