Macquarie’s Metro Martin Place Proposal Gains Key Approval

Macquarie Group acquires government approval for its unsolicited plans to build two Sydney office towers above the existing Martin Place railway station. Included in the approved plans are an integrated transport, dining and retail hub for the new station on the Sydney Metro line with two commercial buildings integrated with the Martin Place metro station.

Marcus Ray, deputy secretary for Planning Services in the Department of Planning and Environment, said the integrated station project would offer a new transport hub and generate more than 10,000 new jobs in the Sydney Central Business District.

The concept for the north tower is a 40-storey building connected by podium to the existing Macquarie 50 Martin Place building. The south tower would be 28 storeys. They would be predominantly commercial, with Macquarie occupying most of the office space.

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