Ord Minnett returns to Grosvenor Place

Ord Minnett will move back to the Harry Seidler designed Sydney office it quit 16 years ago.

The wealth manager and stockbroker has committed to 3500 square metres of Grosvenor Place at 225 George Street.

It will relocate from 255 George St – for years branded NAB House but soon to be known as the Bank of Queensland building following a naming rights deal with the latter bank.

“We are delighted to be moving back to Grosvenor Place, on many levels it is one of the best buildings in Sydney,” Ord Minnett chief executive officer and managing director Karl Morris said.

“It perfectly suits our growth plans,” he added.

The tenancy for all of levels 18 and 19 includes two terraces (story continues below).

Ord Minnett quit Grosvenor Place 16 years ago.

JLL’s Dan Kernaghan negotiated the deal for Chinese Investment Corporation, which holds a 75 pc stake, and Arcadia.

The 44-floor building contains 88,000 sqm of area including ground floor retail.

There is also a 500-bay basement car park.

The site it sits on also includes the heritage listed Royal Naval House (which goes by the address 32-34 Grosvenor St) and Johnson’s Building (233-235 George St).

AMP Capital Wholesale Office Fund owns 255 George St.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.