Amazon's new Australian headquarters location revealed

Amazon's Australian headquarters will be on Market Street in the Sydney CBD.

As the technology giant steps up its expansion, Amazon already occupied office space at 2 Park Street.

The Australian Financial Review says it is now set to occupy 2 Market Street.

Allianz is leaving the building after it sold its half-stake in the tower to Charter Hall.

Allianz occupies more than 18,000 square metres in the building's total of nearly 40,000 square metres in office space.

The second largest tenant is Caltex with 9,000 sq m. The Commonwealth Bank of Australia will be vacating in 2021.

Amazon's distribution centres started in Melbourne's Dandenong South, securing a 24,387 square metre former Bunnings distribution centre from Melbourne's Pellicano family.

The online retailer will open its second distribution centre in Sydney's south-west after leasing a 43,000 square metre facility at Moorebank from Goodman Group.