05 October 2017 - Sydney
20 Martin Place Fully Leased With Signing of LogMeIn
Pembroke Real Estate today announced that its premium mixed-use building at 20 Martin Place is fully leased, with the signing of cloud-based technology provider, LogMeIn.
The LogMeIn tenancy sits alongside anchor tenants Apple, McGrath Nicol and Regus, other international companies such as MFS and Vanguard, and ground floor retail tenants ANZ, Tesla and Omega.
LogMeIn, a leader in cloud-based technology, has secured a five-year lease across the top two levels at 20 Martin Place. With a combined floor space of 1,620 sq m, the office space on floors 19 and 20 will act as the company’s new Sydney headquarters.
Matthew Knight, vice president and head of Australia, Pembroke Real Estate, said,
Since completion, 20 Martin Place has continued to attract premium international brands, establishing itself as one of the most desirable addresses in the CBD. We are delighted to welcome LogMeIn to Pembroke’s prestigious stable of tenants in Australia.
W. Sean Ford, chief marketing officer and senior vice president, LogMeIn, continued,
LogMeIn’s merger with Citrix’s GoTo business has created one of the world’s top ten Software-as-a-Service companies, a market leader in some of tech’s most desirable markets, and an incredibly talented team here in Sydney and across the world. We believe Australia offers a natural and favorable base for our growing Asia Pacific business, and Sydney’s innovation scene is highly advantageous to attracting and supporting our rapidly expanding customer base. We believe this move to 20 Martin Place is a key to this regional growth strategy and will, for the first time, bring together our Australian teams into a common regional headquarters.
20 Martin Place opened its doors in Q3 of 2015 following its full transformation from an early 1970s building to a state of the art mixed-use property. The 19,200 sq m of prime grade commercial office and retail space exists over 21 levels, in the heart of Sydney’s Central Business District.
The building features a high-performance façade, new building systems and technology, a reconfiguration of the building core to create more efficient, flexible and larger office floor plates and prime retail along Martin Place and Pitt Street. A notable highlight is 20 Martin Place’s signature banded dichroic glass profile that gathers and reflects ambient skylight, illuminating the building in constantly changing colors that reflect the sun’s movement. 20 Martin Place achieved a 5 Star Green Star Office Design v3 rating as well as a 6 Star Green Star Office As Built v3, and is targeting a minimum 5 Star NABERS energy rating.
Jenine Cranston, senior director at CBRE said,
CBRE formed a trusted partnership with Pembroke for this project, working together from pre-purchase to 100 per cent leased. The leasing took place in a very competitive market, so we had to capitalise on 20 Martin Place’s highly distinctive elements. The highly crafted nature of the asset, with its sculptural façade, excellent natural light and its world’s best practice sustainability credentials were also major drawcards. We have committed several multi-floor tenants to the building, including two global tech firms – one to the lower six floors and now LogMeIn, in the top two floors. Alongside these, the building has proved appealing to a particularly broad range of business sectors.
The glass façade of 20 Martin Place was recently used as a reflective performance space for Bandaloop, part of the City of Sydney’s Art & About creative calendar. This artistic installation saw dancers suspended from the roof of 20 Martin Place, gliding across the vertical surfaces to perform a ‘sideways dance’ viewed by onlookers from street level.
Matthew Knight continued:
Martin Place plays a key role in Sydney’s CBD, where the city’s vibrant corporate and creative cultures meet. We’re delighted that 20 Martin Place has become established as a key corporate address and luxury shopping destination, with its strong retail offering at ground level, not to mention its starring role alongside the Bandaloop aerial performers in August of this year.