ANZ signs lease agreement for Pembroke’s new 20 Martin Place

Pembroke Real Estate has announced the signing of a lease agreement with Australia and New Zealand Banking Group (ANZ) to retain its retail presence at the new 20 Martin Place.

Pembroke’s refurbishment of the Sydney property is expected to begin in July 2013 and be completed in Q3 2015. The finished building will offer 19,080 m² of commercial office and retail space over 21 levels, with 2000 m² of available prime retail space over three levels.

Jack Clark, vice president and director of the Sydney office, Pembroke Real Estate, explained that the company has a strong relationship with ANZ through its current tenancy, and they are “excited to welcome other tenants who are looking to be part of this unique opportunity and conduct their business in a prominent new landmark in the heart of Sydney”.

Pembroke hopes to increase the property’s NABERS Base Building Energy Rating from 1 star to 5, along with 5 star Green Star Design and As-Built ratings. Thus, the refurbishment will completely upgrade the 1970s building and its inefficiencies. The building will feature a high-performance glass facade, new building systems and technology, and a reconfiguration of the building core to create more efficient, flexible and larger office floor plates. It will upgrade plant services, improve the workplace environment and reduce the number of car spaces, instead providing facilities for over 100 bicycles.

Its signature glass profile will also draw attention as the building’s facade gathers and reflects ambient skylight, illuminating the property in constantly changing colours that reflect the sun’s movement throughout the day.

Pembroke is working on the project with local architects Crone Partners and the international team of James Carpenter Design Associates.