Goodman Group withdraws $1.2bn Sydney datacentre plan citing emerging regulations

Goodman Group has withdrawn its $1.2bn 'Project Mars' datacentre proposal in Lane Cove, Sydney, citing evolving state and federal regulations. The withdrawal marks a notable reversal for a major infrastructure project, potentially signaling increased regulatory friction for large-scale datacentre developments in Australia. The specific regulatory changes are not detailed, leaving uncertainty about the broader impact on the sector.