The QQT,which won the Urban Taskforce Australia’s development of the year award,is an 89,000 square metre commercial tower and has been the catalyst for revitalisation of the harbour front at Circular Quay. The development is jointly owned by AMP Capital Wholesale Office Fund,Dexus Wholesale Property Fund and Rest Super.
In Melbourne,Westpac is looking for between 9000 square metres and 12,000 square metres of office space within the Melbourne CBD,including Docklands. The bank wants to move from the current 150 Collins Street digs by the start of 2026.
In its brief,the bank wants large floor spaces,flexi space and signage of a building constructed with sustainably sourced materials,has managed waste in the base of the building and “carbon-neutral building operations”.
Its competitor CBA’s mandate covers 15,000 square metres as it looks to move of its Collins Square building. Leasing agents said properties owned by Cbus and Dexus’s 60 Collins Street could be potential options.
The leasing musical chairs reflect the flight to quality trend which prompts businesses to value the workplace as a lever to attract and retain staff.
Dexus chief executive Darren Steinberg said in August that businesses where staff were in the office most of the week were performing better,with higher productivity,increased collaboration and improved staff morale.