This article is from the Australian Property Journal archive
BANKING giant ANZ is bolstering its heavy Docklands presence, signing a lease for a $430 million tower next to its global headquarters.
The big four bank will take 26,500sqm of the 38,000sqm tower at 839 Collins Street, which is part of the western extension of the major CBD thoroughfare.
Property behemoth Lendlease is developing the new 20-storey tower, having delivered ANZ’s 85,000sqm head office a decade ago.
Completing the investment puzzle for the developer are key commitments from funds Challenger and US-based Invesco.
ANZ last year sold its former headquarters on Queen Street and Collins Street in the Melbourne’s CBD for $275 million, which will continue housing its institutional bank staff until they move to the new tower in 2019.
It recently also sold out of its Martin Place headquarters in Sydney in favour of a move to a new building on Pitt Street and Castlereagh Street.
Australian Property Journal
