Investa Commercial Property Fund and Gwynvill Group’s 33-story 60 Martin Place tower in Sydney’s legal precinct has reached practical completion.
The Hassell-designed tower, constructed by Lendlease over four years, spans more than 40,000 square meters (430,000 square feet) of leasable area over every floor.
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Investa Commercial Property’s head of commercial development Mark Tait says the property is 80 percent pre-committed, with the remaining space in the final stages of negotiation.
The completion comes amid the Sydney CBD market seeing record low office vacancy.
In its Sydney CBD office report released this month, Knight Frank said more than 75 percent of stock under construction is now pre-committed.
“To complete this premium development at close to full occupancy is a great development outcome,” Tait said.
Major tenants of the tower include Norton Rose Fulbright, Mizuho Financial Group, Banco Chambers and International Workplace Group’s Spaces, along with legal and infrastructure investment management firms Thomson Geer and HRL Morrison.
The building is targeting environmental performance ratings, including a 6-Star Green Star Design and As-Built Rating, a NABERS Energy 5-Star in Operation Rating, and a Core WELL Rating.
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