48 MARTIN PLACE, SYDNEY
- Client: Commonwealth Bank of Australia
- Role: Development Management
- Cost: $60 million
- Date: 2010 / 2012
48 Martin Place is an iconic Sydney building that is on the National Heritage list. Owned by the Commonwealth Bank of Australia (CBA) it has a distinctive terracotta and pink granite Beaux-Arts façade. It was originally built as the headquarters of the Government Savings Bank of NSW, which opened in 1928. The interior features large scagliola columns, extensive use of marble, and a plaster and pressed metal ceiling. The building's square trading hall was originally one of the largest in the world.
The CBA engaged TSA Management to manage a highest and best use feasibility study for this 25,000m² NLA building as part of their overall accommodation planning program. The basis of the analysis was the refurbishment of 48 Martin Place within its existing envelope with the acquisition of the adjacent sites: 9-11 Elizabeth Street, 12 Castlereagh Street, 7 Elizabeth Street and 5 Elizabeth Street.