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Bendigo Bank embarks on national property review

16 October 2002 |Media centre

Bendigo Bank has embarked on a major review of its non-retail office requirements.

The review, conducted by consultants Grant Samuel Property, indicated that the continued growth and national expansion of Bendigo Bank’s operation is placing pressure on the Bank’s office accommodation and facilities at its headquarters in Bendigo and other administration and support offices around Australia.

Bendigo Bank and the consultants will continue to work together to develop options to enable the Bank to cope with its rapid expansion.

Bendigo Bank Managing Director Rob Hunt said: “The review covers our home city and headquarters in Bendigo, as well as Melbourne, Geelong and Ipswich”.

“Evidence from the review identified that Bendigo Bank will not have sufficient capacity to cope with the growth in each of these centres, even in the medium term.

“The review considered all options and we will now endeavour to bring key parts of our operation together, as currently the operation is spread through a rang e of separate and diverse accommodation.

“In the City of Greater Bendigo, we now have in excess of 600 employees and this continues to grow and is placing pressure on our local facilities.

“Bendigo Bank and its advisers are working closely with the City of Greater Bendigo and a number of property owners to ensure that we consider all possible options to provide quality office accommodation for our headquarters staff and operations.”

In Melbourne, Bendigo Bank has administration support and subsidiary staff in five separate office locations in Collins Street and Carlton, and the Bank is examining options to combine all these into one centre where parking, public transport and regional access is available.

Options include sites within the CBD, in areas like Docklands , St Kilda Road and other centres in close proximity to Melbourne’s CBD.

“These moves do not impact on our retail branch operation, other than to provide the level of support required for our growing network,” Mr Hunt said.

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