National Australia Bank : NAB announces Melbourne property move

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.