H&M's first Sydney store set for a 16 October opening at Macquarie Centre, North Ryde

The Daily Telegraph reports the store is expected to open on 16 October in Sydney's north-western suburbs.

Macquarie Centre will possibly have other global brands including Victoria’s Secret, Uniqlo and Zara, whom are all currently negotiating leases.

David Jones and Myer will be there too, all hoping to capitalise on the forecast that by 2031 Macquarie Business Park will be Australia’s fourth-largest business centre.

Australia's first H&M fashion store opened in Melbourne's GPO building in the Bourke Street mall in April.

The chain has about 3,182 stores in 53 countries, opening a further 375 this year.

It took around three years to find the initial outlet sites in Australia, including the distribution warehouse at Eastern Creek in Sydney.