• Macquarie Technology Group exercised an option to acquire a 34,200sqm land parcel in Sydney for $240 million
• The company plans to develop an engineering and technology campus
• The new campus will collaborate with Macquarie University and feature a park, community garden, and art gallery

Macquarie Technology Group Limited (ASX: MAQ) has exercised a call option to purchase a 34,200sqm light industrial zoned development site in Macquarie Park, Sydney, for $240 million. The purchase price will be funded through existing cash reserves and the Group's corporate debt facility. The company intends to construct an engineering and technology campus co-located within a ~200MW data centre campus. The proposed facility will be designed to incorporate advanced air cooling technology with limited water usage. The new campus will support research, technology, and learning opportunities in conjunction with Macquarie University. The company also plans to provide significant community benefits, including a new park, community garden, and art gallery. Further details of the proposed development will be shared during the planning and development application process.