Value

The new podium works at 60 Margaret Street will deliver around 5,200m² of new premium office space and over 2,000m² of new retail space. The project also includes a three-story lobby, a wellness club, and public areas, with the new commercial podium itself spanning 5 levels.

AsheMorgan and MEC Global Partners Asia, a subsidiary of Mitsubishi, have won approval to breathe new life into the property after acquiring the 36-storey tower for $779 million from Blackstone and Mirvac. City of Sydney Council has approved plans for a Grimshaw-designed contemporary podium that will reinforce George Street as a premier retail spine through the city. The approved development allows for the demolition of part of the existing podium, including retail facades, lobby and the existing plaza alongside Margaret Street. The tower’s food court will be upgraded, along with a new three-storey lobby that will service the office occupants, as well as the additional A-grade office space being created within the podium. The scheme will also include a new public piazza opposite Wynyard Park, an upgraded laneway link between Margaret and Jamison Streets and an enhanced connection to Wynyard Station.

MBC Group have been engaged to provide building certification services for this exciting podium upgrade.