A Woolworths joint venture has paid $30 million for the former Peter Board High School on Epping Road & Waterloo Road, Macquarie Park.
They plan to develop Masters Home Improvement outlet.
The site was sold by Dexus Property Group and its wholesale fund and was acquired for almost $51 million in 2006.
Woolworths said Masters Home Improvement was planning a 13,500 sqm store for the Macquarie Park site. They will need a rezoning to enable them to trade as Masters Home Imrovement.
The Masters group said 'we're keen to make this significant investment in North Ryde...North Ryde has been highlighted as a centre for population and residential growth and retail investments like Masters will complete this'.
Australian Financial Review 2/5/13