This article is from the Australian Property Journal archive
WESTPAC Bank has shunned Melbourne’s Docklands precinct, by moving its Victorian headquarters to 150 Collins St, to be developed by APN Property Group and Grocon.
Westpac has signed a 12-year lease, commencing from mid 2014, for 14,000 sqm of office space over nine levels, which lifts commitment to more than 70% of net lettable area. As part of the agreement, a branch will located on the ground level. The property is designed to achieve a 5 Star NABERS and 6 Star Green Star rating.
APN Property Group managing director David Blight said for more than a decade, APN has worked closely with the Scots Church Trust, advising on redevelopment options.
“The project honours the historical significance of Scots Church and the Assembly Hall, and not only presents an ideal working environment, but creates a vibrant public precinct that will positively contribute to the city of Melbourne,” he added.
Blight said strong enquiry has also been received from blue-chip tenants interested in securing the remaining available office space.
Existing retailers have also expressed interest in signing up for the remaining retail floor space.
Construction of the building will be undertaken by Grocon.
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