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ASB New Head Office To Be On Auckland Waterfront

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, Feb 26 NZPA - ASB, a subsidiary of Commonwealth Bank of Australia, is moving its head office to a waterfront site in the Wynyard Quarter redevelopment on Auckland's harbour front.

The building will be developed and owned by Kiwi Income Property Trust. ASB will be its sole tenant.

"With our developers Kiwi Income Property Trust, we're together investing $160 million into this development with the aim to create a building that's welcoming not just for ASB people but for the wider Auckland community," said ASB chief executive Charles Pink.

The Wynyard Quarter is owned by Auckland councils. Part of it is a former fuel storage area. The area is to the west of Queen Street, while the council-owned port is to the east.

"It is a great waterfront location with a maritime atmosphere that also offers significant cost savings over our current premises. I am very pleased ASB is leading the way for New Zealand businesses to become part of the Wynyard Quarter revitalisation; it's an important first step for the area," Mr Pink said.

A distinctive cone at the top of the building was an echo of the volcanic cones that dominate Auckland's landscape.

The ASB Bank Centre on Albert Street has been the bank's head office since 1991. Construction of the new head office is scheduled to start in the second half of 2011, with occupation planned for the second half of 2013.

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