ASX commits to swank Martin Place HQ

Some 25,000 square metres at 1 Martin Place is now committed.

The Australian Securities Exchange will move its headquarters to Investa and Manulife’s 39 Martin Place, due for completion next quarter on airspace over the southern entrance to the Martin Place Metro.

Offices and event space is planned for the high rise floors.

A retail tenancy will also be taken out for amongst other things, to display trading data and for bellringing ceremonies.

It has also committed to sky signage.

The ASX will quit 20 Bridge St, owned by Hong Kong based Early Light International.

Only 4500 sqm to fill

Investa, for its Commercial Property Fund, and Manulife, for the General Account, bought 39 Martin Pl in early 2021 from Macquarie, for $800m (story continues below).

The ASX will quit 20 Bridge Street at the north west corner of Pitt.

Each will hold a half stake of the 28 storey, 30,000 square metre Premium grade office.

The lower level adds 2000 sqm of retail.

Macquarie is targeting a 6-star Green Star and 5.5-star NABERS rating.

Following the ASX commitment, and another to law firm Ashurst early last year for c10,000 sqm, some 85 per cent of the office component is occupied.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of