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STAFF of the Federal Government’s divisive $43 billion National Broadband Network program – which earlier this year leased luxury offices in one of Melbourne’s few “Premium” grade office buildings – will soon have new neighbours.

ME Bank and Allianz Insurance have leased a combined 16,439 square metres at the landmark Melbourne Central tower, reportedly paying a rental of between $400 and $420 per square metre, per annum.

NBN Co is understood to be paying more than $500 per square, per annum for its space, in a deal reported by BusinessDay, earlier this year.

Victoria

National Broadband Network Co Employees to Work from Luxurious Melbourne Central Offices

February 14, 2010 Marc Pallisco Melbourne CBD Office Lease, Melbourne Central, Mike Kaiser, National Broadband Network, NBN Co, Stephen Conroy

WITH a budget of $43 billion, why would you skimp on office accommodation?

Employees of the Federal Government’s National Broadband Network scheme – including controversial executive, Mike Kaiser – will work from “sky rise” offices in one of a handful of luxury skyscrapers defined by the Property Council of Australia to be of a “Premium” quality (or amongst the best in the country).

NBN Co has leased 3000 square metres over two levels, near the distinctive pitched peak of the Melbourne Central office building at 360 Elizabeth Street, paying a speculated rent of over $500 per square metre, per annum, gross (which means including outgoings).