ANZ Bank expands footprint with $430m Docklands tower
ANZ has signed an agreement with Lendlease to rent 26,500 sq m in 839 Collins Street tower in Melbourne's Docklands district. The 6-star Green Star environmental-rated space is next to ANZ's global headquarters, and its proximity will allow staff to work together more "easily and creatively", according to ANZ Group general manager property Kate Langan. According to estate agents Cushman & Wakefield, Melbourne's rents rose 8.4% to $503 per sq m in Q4 2016.

ANZ Bank and Lendlease have signed an agreement for the new 839 Collins Street tower, in the Docklands precinct.

The site will become a 20-level office tower featuring 38,000 square metres of A-grade commercial space.

An artist's impression of 839 Collins Street, a Lendlease development in Docklands. Credit: nkmlee@gmail.com

It was recently bought for $430 million by Invesco and Challenger and will be constructed over the next two years.

The property is located adjacent to ANZ's global headquarters, and the new deal will see the bank lease 26,500 sqm of the 6-star Green Star environmental rated building.