This article is from the Australian Property Journal archive
HOT on the heels of its takeover of LOGOS, ESR, Asia Pacific’s largest real asset manager, is moving its Australian headquarters to the 39 Martin Place integrated Metro station development in Sydney’s CBD.
ESR Australia is taking 2,200 sqm across levels 12 and 13 at for its 39 Martin Place, which is one of two buildings being developed by Macquarie Place as part of the Martin Place project, to be owned by Investa Commercial Property Fund (ICPF) and Canada’s Manulife through a 50/50 joint venture.
Designed by architects Tzannes, the 30,000 sqm, 28-storey building will be fully electric and powered by 100% renewable energy sources, and is targeting a 6 Star Green Star rating and a 5.5 Star NABERS Energy rating.
Phil Pearce, deputy CEO of ESR Group and CEO of ESR Australia, said, “ESR’s purpose is to create space and investment solutions for a sustainable future. We are committed to contributing to achieving an environmentally and socially sustainable future, so it was important to us to move to a building that offers leading sustainability credentials”.
“Providing for our people was also front of mind in our decision making, the access to transport, particularly the new Sydney Metro Martin Place Station, and the convenience of the position make 39 Martin Place the perfect location for our team.”
The announcement comes just a week after French financial institution Natixis, a global financial services company offering expertise in advisory, arranging, underwriting and financial, revealed it would be moving its Australian headquarters to 39 Martin Place.
ESR Australia will move in later this year. Along with Natixis, they will be joining legal services firm Ashurst at 39 Martin Place.
“When we made the decision to purchase 39 Martin Place, three years ago we held a conviction that best-in-class organisations would be attracted to a building offering superior amenity and sustainability features,” Mark Podgornik, head of leasing, Investa said.
“Our investment thesis has been confirmed by leading organisations, such as ESR being attracted to the premium product offering and superior amenity that 39 Martin Place provides.”
The latest data from JLL shows Sydney’s vacancy rate rose by more than a percentage point in the June quarter, to 15.6%.
ESR has just bolstered its industrial property market-leading position in the Asia Pacific after sealing the deal to buy out the co-founders of US$23 billion industrial and logistics specialist Logos.
