Charter Hall to welcome Bendigo and Adelaide Bank at 555 Collins Street

Charter Hall Group (Charter Hall or the Group) is pleased to welcome Bendigo and Adelaide Bank to its state-of-the-art precinct at 555 Collins Street in Melbourne, bringing the total floor space leased to 76%.

Bendigo and Adelaide Bank will occupy levels three to five, securing more than 4,000 square metres (sqm) of premium office space. Relocating from Docklands to the Midtown CBD location in 2025, its people will benefit from greater proximity to a wide range of public transport, food, retail and entertainment options.

Having reached practical completion in June, 555 Collins Street has opened its doors, with Hub Australia already operating in the building, managing Charter Hall’s first premium coworking space known as 555 Collins Exchange. Tenant customers have also started moving in, with Amazon, Aware Super, Allianz Australia, Ericsson and Connective all set to occupy the building over the next few months.

Bendigo and Adelaide Bank’s Chief Financial Officer, Andrew Morgan, said “Our Melbourne-based corporate team members are ready and looking forward to embracing new workspaces that support innovation and collaboration, as we deliver on our vision to be Australia’s Bank of choice.”

Charter Hall Office CEO, Carmel Hourigan, said, “We are pleased to welcome Bendigo and Adelaide Bank as our newest tenant customer at 555 Collins Street, which is becoming livelier with each day, as fit outs are completed and our customers are moving in. This lease agreement demonstrates the continued demand for premium office space by some of Australia’s best-known companies. We look forward to working with Bendigo and Adelaide Bank to deliver a workplace that meets the needs of its people while aligning with its corporate values and sustainability objectives.”

555 Collins Street is a joint venture between Charter Hall Prime Office Fund (CPOF) and Singapore’s sovereign wealth fund, GIC.

CPOF Fund Manager, Miriam Patterson, said, “We are proud to be welcoming tenant customers into 555 Collins Street, which has delivered on the shared vision with our capital partner GIC to develop a landmark office tower in a well-located, vibrant CBD precinct. This asset is one of 32 prime office assets in our top performing portfolio that continues to offer investors with long-term stable income and enhanced returns through a measured develop to core strategy.”

Designed to provide tenant customers with a premium workplace experience, 555 Collins Street is a tech-enabled, mixed-use destination with touchless access, skyline terraces, premium amenity and a focus on wellness and sustainability.

555 Collins Street has achieved a Platinum WELL Rating, 6 star Green Star Design rating, WIRED Platinum Score and is targeting to be Carbon Neutral in operations, 6 star NABERS Waste rating, 5 star NABERS Energy rating, 4 star NABERS Water rating, and a 5 star NABERS Indoor Environment rating.

Charter Hall was advised by James Palmer at JLL. Bendigo and Adelaide Bank was advised by Peter Walsh at JLL.