CapStra was appointed to advise Macquarie regarding its long-term accommodation requirements for its global headquarters in Sydney. While occupancy cost was a driver, the key focus was securing a workspace that reflected the culture of the organisation and its connection to Australia’s financial history. There were limited lease options that met the required specifications and timeframe, so an alternate accommodation option was sourced.
CapStra presented alternative accommodation options and structures which would allow Macquarie to meet its long-term accommodation requirements and also achieve significant cost savings. In doing this, CapStra:
Macquarie acquired 48 Martin Place and 9-19 Elizabeth Street, Sydney from the Commonwealth Bank of Australia in an off-market transaction. The transaction enabled Macquarie to achieve significant occupancy and CAPEX savings. The iconic heritage building has since been transformed into a world-leading workspace with a target of a six-star Green Star rating.