Stockland Scraps Plans for Data Center in Sydney Logistics Precinct

MT Newswires Live11-09

Stockland (ASX:SGP) has scrapped plans to construct a data center within its proposed logistics precinct in Sydney, a company spokesperson told MT Newswires.

The company and John Boyd Properties filed a concept masterplan earlier this year, including options for the permissible uses of logistics, mixed-use, and a data center, but an amended concept masterplan now focuses on just logistics and mixed-use.

Plans for the first building in the precinct will be geared toward logistics and will be filed as the next stage of planning progresses, the spokesperson said.

The Australian reported on the cancelation of the data center on Sunday, noting that the move followed opposition from the community.

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