Commonwealth Bank moves to Australian Technology Park

Commonwealth Bank moves to Australian Technology Park

Will lease 93,000 square metres of office space on 15 year term

Commonwealth Bank will become the anchor tenant at Australian Technology Park.

The bank will lease 93,000sqm of office space across two buildings on a 15-year term.

Commonwealth Bank chief financial officer, David Craig, said that the move will put 10,000 people from the company in the heart of a growing technology hub and will provide a significant opportunity to partner and collaborate with universities and start-ups.

The company has also announced a partnership with Mirvac and Centuria to establish a Tech Incubation Fund to encourage the use of the Australian Technology Park precinct as an innovation hub.

“This is a major milestone for the Commonwealth Bank, not only will our new campus feature the very latest in innovative workplace design and technology, it will also house 10,000 of our people - the largest number of employees we’ve ever been able to accommodate in a single site,” Craig said.

Commonwealth Bank said it will not be renewing the leases at existing offices in Parramatta, Sydney Olympic Park or Lidcombe and the company will exit the locations as leases near expiry.

Its Sydney workforce will be consolidated at the new CBD fringe campus at Australian Technology Park, and Sydney CBD precinct, Darling Park and Darling Square by 2020.

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Tags commonwealth bankSydneyAustralian Technology PaekDavid CraigDarling SquareDarling Park

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