Bendigo Bank announces new head office complex
17/10/2003Bendigo Bank has today announced that its new head office complex will substantially extend the existing Fountain Court site.
The decision follows a national 12-month property review prompted by the significant growth of the company.
Managing Director Rob Hunt said several sites within Bendigo’s central business district were considered as the future home of Bendigo Bank’s head office complex.
However, the purchase of several buildings in the Bath Lane precinct will enable Australia’s only regionally headquartered bank to remain at its existing high profile site.
Construction and expansion of the new head office complex is expected to require an investment in excess of $40 million. The new complex will accommodate head office requirements as well as expanded retail space, attractive new public areas and car parking facilities.
“The development of the new complex is a significant investment by Bendigo Bank in our home city,” Mr Hunt said.
“It is a major commitment to Bendigo and one which confirms the city’s status as a major financial centre. It also confirms Bendigo Bank’s status as Australia’s only regionally headquartered bank, an important factor in the culture of our organisation, a company which is today a national financial institution.
“Bendigo Bank currently employs more than 600 employees in Bendigo alone and this figure will continue to grow, placing great pressure on our local head office facilities. We are growing at double-digit rates on a consistent basis and this will be reflected in continued growth in our employment base.
“Our Bendigo staff are spread across five buildings and the time had come not only to consolidate these facilities into the one complex, but to consider our staffing and accommodation requirements into the future,” Mr Hunt said.
Architects are still to be appointed for the project and although the complex will be of a significant size, the design of the building is yet to be determined.
The purchase of the additional buildings provides the bank with the opportunity to exten