Commonwealth Bank today unveiled its landmark new office premises at Darling Quarter in Sydney’s western CBD fringe. The former Sega World site – now known as Commonwealth Bank Place – comprises two eight storey buildings and will house more than 6,200 staff across 56,000 square metres of flexible working space.

The campus style development forms the final piece of the Group’s Sydney metropolitan property strategy to create three state-of-the-art workplace precincts as ‘Centres of Excellence’ at Parramatta, Sydney Olympic Park and in the Sydney CBD. The strategy commenced in 2007 and has seen the Bank reduces its footprint in the Sydney CBD from thirteen buildings to just three.

“Since 2007, around 10,000 people have moved to new workplaces across Sydney. For Commonwealth Bank Place we currently accommodate 2,000 people with the remaining to move in by February 2012,” Commonwealth Bank Chief Financial Officer David Craig said.

Commonwealth Bank has been designed to showcase activity-based working which offers an innovative, sustainable and creative work space.

Commonwealth Bank Place has achieved a 6-star green star design rating and is also targeting a 6-star green star as built rating.

Both buildings’ central atriums deliver abundant natural light coupled with chilled beam air-conditioning throughout. A Tri-Gen power plant converts waste energy into power and the building boasts a water treatment facility and extensive recycled materials throughout.

Commonwealth Bank Place will accommodate teams from Enterprise Services, Wealth Management, Business and Private Banking’s Equity Margin Lending (CommSec) and Financial Services’ Group Audit, Security and Corporate Services teams.

The campus is a joint venture development between Lend Lease and Sydney Harbour Foreshore Authority with Commonwealth Bank leasing the space on an average 13 year term. Terms of the lease remain confidential.