255 George Street
255 George Street is owned by AMP’s Capital Wholesale Office Fund. Image Supplied
  • BoQ has signed the lease for 5,800 sqm of office space
  • First time BOQ and Virgin Money Australia will work under same roof

The Bank of Queensland (BOQ) has signed a 10-year lease for 5,800sqm of office space at 255 George Street in Sydney.

Currently, BOQ and Virgin Money Australia – which was purchased by BOQ back in 2013 – currently operate across two building in the Sydney CBD.

The new move will result in both banks working under the same roof for the first time.

255 George Street is owned by investors in the AMP Capital Wholesale Office Fund  (AWOF) with the building currently undergoing a re-development that features a new lobby with various work zones to facilitate flexibility along with new end-of-trip facilities and a wellness studio.

“We are delighted to be welcoming BOQ later this year to their new Sydney head office at 255 George Street.  Alongside the 10,000 sqm recently signed by Corrs Chamber Westgarth at nearby Quay Quarter Tower, this deal indicates confidence in prime office space in the Sydney CBD and the importance of workplace accommodation for collaboration,”

“Together, these leases provide a strong base for deals moving forward and are a testament to the team’s commitment to delivering sustainable outcomes for investors and providing customer-centric environments for businesses to thrive.”

 Kylie O’Connor, AMP Capital Head of Real Estate

Ewen Stafford, BOQ Group’s Chief Financial Officer and Chief Operating Officer, said the move to the new offices comes as more of BOQ’s staff return to the workplace. He says the new office will serve future workplace needs, which have been changed as a result of the pandemic.

“In selecting the right space to bring our multi-brand teams together in the one location, we wanted a building that provided a market-leading level of amenities to our people,”

“The building’s leading sustainability credentials including a 5.5 Star NABERS rating, alongside cutting-edge technology, were also key factors in our decision to choose 255 George Street as our new Sydney home.”

Ewen Stafford, BOQ Group CEO and COO

You May Also Like

“Sydney setting the pace”: CBD office rents march higher

Cushman & Wakefield’s quarterly Office Marketbeat reveals 2.9% quarter-on-quarter uplift in Sydney

Canberra office market shows impressive resilience and growth

The market is underpinned by low vacancy, large developments in the pipeline and strong rental growth

Accenture and Lendlease to expand data insights platform

The platform which uses AI and virtual reality will be expanded to increase digital and in-store visits.

Demand for life science assets on the rise in Australia

Australians are getting older and this is contributing to the increase in demand for life science assets across Australia

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Rentvesting in Australia: A deep dive

Rentvesting offers an alternative path into the property market for priced-out first-time buyers.

Housing crisis survival guide: How to buy your first Australian property

Three property experts give the low down on how to nab a home in this tough housing market.