MLC Centre

19 Martin Place, Sydney

Overview

Designed by Harry Seidler, the MLC tower has a unique façade, with elegantly contoured pre-cast concrete, white quartz and glass. The tower offers 67 levels of high quality office space in a prestigious CBD location.

Positioned in the heart of Sydney’s financial and cultural districts, MLC Centre is bounded by three of Sydney CBD’s prime streets – Martin Place, Castlereagh Street and King Street, linking seamlessly to the public transport system.

The tower is supported by a concierge team offering a wide variety of convenient services, superior end-of-trip facilities, on-site 24/7 team security team and an exclusive selection of fashion, food and service retailers located within the plaza and outside on a podium level.

- Unique places to eat and relax

- Prime CBD location with 3 street frontages

- High quality services and facilities

Property Information

  • Building typeA Grade - office
  • TitleFreehold
  • Site area (hectares)0.8
  • Lettable area ('000sqm)79.7
  • Lettable area adjusted for ownership ('000sqm)39.9
  • Typical floor area (sqm)1,200
  • Number of buildings1
  • Car parking spaces308
  • Year built1978
  • Major tenantGPT Group
  • OwnerDXS
  • Ownership (%)50
  • Co-ownerDWPF
  • Metro areaSydney CBD
  • ZoningB8 Metropolitan Centre
  • Acquisition dateJuly 2017
  • Book value at ownership ($m)822.0
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)822.0
  • Market cap rate (%)4.98
  • Initial yield (%)4.17
  • Leased by area (%)99
  • Weighted lease term by income (years)4.4

  • NABERS Energy rating (with Green Power)5.0
  • NABERS Energy rating (without Green Power)4.5
  • NABERS Water rating2.5