Bank Australia sells long-time Kew HQ
Bank Australia has sold its triple storey Kew headquarters, which it built in 1982, for $15.125 million.
At 222 High Street, the 1857 square metre Commercial 1 zoned parcel is earmarked for a taller office, after trading to local developer Noble Bell Holdings.
The property is at the easternmost edge of the Kew Junction precinct, where a 12 level apartment building replaced the Q-Cars dealership nearly 10 years ago.
In 2019, Prince Corporation snared a 538 sqm parcel in the pocket, offered permit-ready for a nine storey residential complex.
VicRoads holds a major office in the precinct, on Denmark Street – expected to be listed for sale following the government’s recent decision to relocate the road manager’s functions to Ringwood.
Colliers’ Alex Browne, Peter Bremner and Ted Dwyer represented Bank Australia (story continues below).
End of an era for Bank Australia
Bank Australia will relocate to Impact Investment Group’s 54 Wellington St, Collingwood, which is under construction.
“After 39 years owner-occupying our premises in Kew, we simply outgrew the space and have now leased nearly double [the area] in a brand new, high environmental grade office building…of which we hope to take occupation by mid-2022,” chief operating officer Brad Jordon said.
Mr Browne said developers and investors, as well as other potential occupiers, looked in to 222 High St.
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