Creating a landmark and leaving a legacy with Metro Martin Place

An enduring contribution to one of Australia’s most significant civic and commercial spaces

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Sector Infrastructure and Real Estate
Sub-sector Transport
Location Australia


In 2018, Macquarie entered into agreements with the NSW Government to deliver a public transport-led integrated commercial, retail and public precinct.  

At its heart is a new Metro station at Martin Place, owned and operated by the NSW Government, that will become one of the busiest public transport hubs in Sydney. In addition to the station, the precinct will include an underground public walkway below Macquarie’s 50 Martin Place headquarters, and ~100,000sqm of office and retail accommodation across two commercial buildings.



Under the agreements, Macquarie will deliver Sydney Metro’s new underground Martin Place Station for the NSW Government, integrated with a retail and recreation precinct, two new office buildings and enhancements to the existing Martin Place railway station.  

Working with leading architects, Macquarie’s design for the precinct includes features such as greater access to natural light – including down to the platform level – and an underground walkway below the heritage-listed 50 Martin Place, where Macquarie’s global headquarters is located.

More than 2,500 jobs will be created during the construction phase of the project.1 Macquarie and its design and construction partner Lendlease have committed to workforce diversity.

Martin Place is anticipated to become one of the busiest transport interchanges in Sydney. To accommodate this, the design has been informed by the world’s leading integrated transport-based public precincts, such as New York’s World Trade Centre station and Hong Kong’s International Finance Centre. Most importantly, the design has been influenced by the City of Sydney’s Sustainable Sydney 2030 plan, which details what Sydneysiders want from their city, including (but not limited to) a place that respects diversity and offers vibrant culture and entertainment.

The two commercial buildings that will rise above the site have been designed to achieve the highest possible sustainability credentials – the Green Building Council of Australia’s Design and As Built 6 Star Green Star rating. Features will include the capture and re-use of rain water, landscaping and greening throughout the public spaces, implementing smart technology and maximising natural light throughout the journey from platform level.


“We recognise that we have been entrusted by the NSW Government to deliver a public precinct that is important to the state’s public transport strategy, located in one of the most significant civic and cultural hubs in the state. We take the responsibilities of this once-in-a-generation opportunity seriously, and are committed to delivering a transport-led destination that is customer-centric, inclusive and additive to the ongoing renewal of Martin Place.”

John Pickhaver, Co-Head of Macquarie Capital, Australia and New Zealand


In 2021, Macquarie entered into an agreement with a joint venture between Investa Commercial Property Fund and Manulife Financial Corporation for the sale of one of the buildings within the precinct, located at 39 Martin Place. 

The design of 39 Martin Place and materials to be used respect the heritage, cultural and civic nature of 1920s-designed 50 Martin Place and the surrounding area.

In line with its commitment to the NSW Government, Macquarie retains responsibility for developing 39 Martin Place. The Investa Commercial Property Fund and Manulife Financial Corporation joint venture will take ownership of the building in 2024 and is responsible for leasing.


2,500 jobs

will be created during construction1

6 Star Green Star Rating

Green Star office design

Committed to workforce diversity

including participation from underrepresented communities


of office and retail accommodation

  1. NSW Govt gives green light for two Martin Place Station towers, William Arnott,  22  August 2019:

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