25 Martin Place, Sydney
Overview
Designed by Harry Seidler, 25 Martin Place has a unique façade, with elegantly contoured pre-cast concrete, white quartz, and glass. The tower offers 67 levels of high-quality A-grade office space and is supported by a concierge team offering a wide variety of convenient services, superior end-of-trip facilities, and an on-site 24/7 security team.
The building also features an exclusive selection of fashion, food and service retailers located within the plaza and outside on a podium level. The adjoining Theatre Royal and retail podium provide enhanced entertainment, dining and service offerings as well as luxury retail along Castlereagh Street and King Street.
Asset Information
- Asset typeA Grade - office
- Year built1978
- Asset locationSydney CBD
- Site area (hectares)0.80
- Lettable area ('000sqm)79.25
- Lettable area adjusted for ownership ('000sqm)39.62
- Typical floor area (sqm)1200
- Car parking spaces308
- OwnerDXS
- Ownership (%)50
- Co-ownerDWPF
- Major tenantHolding Redlich
- Acquisition dateJuly 2017
- Book value at ownership ($m)837.0
- Independent valuation dateJune 2024
- Independent valuation at ownership ($m)837.0
- Market cap rate (%)5.82
- 12 month rolling yield (%)5.61
- Leased by area (%)95
- Weighted lease term by income (years)5.1
- NABERS Energy rating (with Green Power)5.0
- NABERS Energy rating (without Green Power)5.0
- NABERS Indoor Environment4.0
- NABERS Waste4.0
- NABERS Water rating3.0
- Green Star rating5.0 Star (Performance v1.2)