5 Martin Place, Sydney

Overview

5 Martin Place is a first-class office building that marries the contemporary needs of today's businesses with the desire to celebrate and honour Sydney’s past.

The modern design includes a new tower with an 11-storey central atrium ‘light well’ and triple height foyer. 5 Martin Place’s heritage component has been thoughtfully updated while retaining its distinctive features such as the sandstone and marble façade and marble clad stairs.

5 Martin Place offers 19 levels of Premium office space with 1,100-2,400 square metres typical floor plates. The upper floors benefit from a full-height glass façade that fills the workspaces with natural light and offer views over Martin Place and the CBD.

The building occupies a prominent corner position within Martin Place and sustainability is at the core of its design with the building achieving a 5 Star (Office Design v3) and a 5 Star (Office As Built v3) Green Star ratings as well as a 5-Star NABERS Energy rating through initiatives such as multi-service chilled beams, a high efficiency façade and sensor lighting controls.

- Prominent corner location in Martin Place

- Modern design that pays tribute to the past

- Large light filled atrium and triple height foyer

Property Information

  • Building typePremium Grade - office
  • TitleFreehold
  • Site area (hectares)0.3
  • Lettable area ('000sqm)33.3
  • Lettable area adjusted for ownership ('000sqm)8.3
  • Typical floor area (sqm)1,100-2,400
  • Number of buildings1
  • Car parking spaces10
  • Year built1916/2015
  • Major tenantAshurst
  • OwnerDXS
  • Ownership (%)25
  • Co-ownerDexus Office Partner, Cbus Property
  • Metro areaSydney CBD
  • ZoningB8 Metropolitan Centre
  • Acquisition dateApril 2014
  • Book value at ownership ($m)179.5
  • Independent valuation dateJune 2019
  • Independent valuation at ownership ($m)179.5
  • Market cap rate (%)4.75
  • Initial yield (%)4.79
  • Leased by area (%)100
  • Weighted lease term by income (years)6.5

  • NABERS Energy rating (with Green Power)5.5
  • NABERS Energy rating (without Green Power)5.5
  • NABERS Water rating4.0
  • Green Star rating5.0 Star (Office Design v3), 5.0 Star (Office As Built v3)
2018 - Winner, Office Development (Australia)
5 Martin Place, Sydney awarded Winner, Office Development (Australia)
2018 - Award of Merit for Culture Heritage Conservation
5 Martin Place, Sydney recognised with an Award of Merit in the 2018 UNESCO Asia-Pacific Heritage Awards for Culture Heritage Conservation
2017 - Development of the Year
5 Martin Place, Sydney awarded Development of the Year
2017 - Best Office Development
5 Martin Place, Sydney awarded Best Office Development
2017 - Best Sustainable Development Existing Building
5 Martin Place, Sydney awarded Best Sustainable Development Existing Building
2017 - NSW Development of the Year
5 Martin Place, Sydney awarded NSW Development of the Year
2017 - Award of Merit
5 Martin Place, Sydney Award of Merit
2016 - Urban Renewal Award
5 Martin Place, Sydney awarded Winner, Urban Renewal Award
2016 - Winner, Heritage Award
5 Martin Place, Sydney awarded Winner, Heritage Award
2016 - Winner, Commercial Architecture Award
5 Martin Place, Sydney awarded Winner, Commercial Architecture Award
2016 - Winner, Steel Excellence in Buildings - Large Projects
5 Martin Place, Sydney awarded Winner, Steel Excellence in Buildings - Large Projects
2016 - Gold Award of Merit for Design Innovation
5 Martin Place, Sydney Gold Award of Merit for Design Innovation
2016 - Buildings and Structure
5 Martin Place, Sydney awarded Winner, Buildings and Structure
2016 - Excellence in Commercial Development and the NSW Presidents Award for the best-of-the best project
5 Martin Place, Sydney awarded Winner, Excellence in Commercial Development and the NSW President's Award for the best-of-the best project
2016 - Best Fitout (30m and over) and the Best Use of Timber
5 Martin Place, Sydney, Winner Best Fitout (30m and over) and the Best Use of Timber
2016 - Commercial Architecture Award, Greenway Award for Heritage, and Lloyd Rees Award for Urban Design
5 Martin Place, Sydney received the Commercial Architecture Award, Greenway Award for Heritage, and Lloyd Rees Award for Urban Design
2016 - Highly Commended for Built Environment
5 Martin Place, Sydney Highly Commended for Built Environment
2016 - Adaptive Reuse Award
5 Martin Place, Sydney awarded Winner, Adaptive Reuse Award
2016 - Winner, Restoration of an Historic Building ($1,000,001 & Over)
5 Martin Place, Sydney awarded Winner, Restoration of an Historic Building ($1,000,001 & Over)
2015 - High Commendation for Large Building Projects
5 Martin Place, Sydney received a High Commendation for Large Building Projects