NAB announces Melbourne property move

Share

Share

NAB has today announced it has secured a new major building located at 405 Bourke Street, Melbourne, in the heart of the CBD.

The new site sits adjacent to its existing office at 500 Bourke Street and is being developed by NAB customer, and one of Australia’s leading property developers, Brookfield Property Group.

NAB Chief Technology and Operations Officer Patrick Wright said the building will be designed to deliver improved customer facing facilities and support the business’ future workforce needs.

“This new office location will help continue NAB’s focus on enhancing collaboration, flexible working and efficiency across our business to deliver a greater customer experience,” Mr Wright said.

“We’re creating not only innovative spaces to work in, but inspiring places to be.”

The office building will complement NAB’s existing presence at premier sites, 700 and 800 Bourke Street, and will also consolidate Melbourne offices at 500 Bourke Street, 8 Exhibition Street and 101 Collins Street, Melbourne.

NAB will be the anchor tenant at 405 Bourke Street, signing for a minimum of 43,000sqm of space, with options to take the remainder of the space to provide future flexibility.

This lease agreement follows the announcement that NAB’s Sydney employees will move into offices at Wynyard Place which is also being completed by Brookfield, and Parramatta Square in 2020.

Construction of the new Melbourne site has commenced and employees are expected to move into the new NAB premises in 2021.

Economy

SEE ALL TOPICS

Related Articles

  • Small Business

Small businesses seek AI to reduce paperwork and increase profits

NAB Bookkeeper, NAB’s new bookkeeping tool utilises machine learning, a form of AI, to help reduce admin time for small businesses by up to five hours per week so they can focus on the bigger picture.

  • 18.03.2024
  • Time to read 2 min read
  • Affordable housing

Community housing sector gets a boost to address Australia’s housing crisis

NAB is supporting the first funding round for 40,000 more social and affordable homes through the Housing Australia Future Fund Facility (HAFF) and National Housing Accord Facility (NHAF) to address Australia’s housing crisis.

  • 08.03.2024
  • Time to read 7 min read
  • Business

NAB reports record jump in business finance for EVs as uptake accelerates

New data from Australia’s largest business bank shows businesses are driving the switch to electric vehicles with the value of the bank’s EV loan book growing by a record 224% year-on-year.

  • 29.02.2024
  • Time to read 3 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights