The Premier of Queensland, Peter Beattie officially opened Bank of Queenslands new head office premises at the BOQ Centre on Queen Street today.
Bank of Queensland Managing Director David Liddy said the Bank has been a growth story over the last three years and the time was right for the Bank to spread its wings in terms of inner city office space for its headquarters.
After 20 years in our previous building, we were bursting through the seams to such an extent that we only had three meeting rooms left across seven floors because all the rest had been turned into workstations to accommodate our growth, Mr Liddy said.
The new BOQ Centre is a magnificent building and a great home for our iconic Queensland company. Our new headquarters incorporates four-and-a half floors and a total of 7268 square metres, well in excess of our old building.
The large floor plates combined with a purpose-built internal staircase linking all five floors, staff break-out areas, a modern fit-out, ergonomically designed desks and occupational therapy approved chairs, flat screen PCs and even state-of-the-art coffee machines are all designed to improve the productivity, but especially the morale, of the Banks employees.
The fitout incorporates an extremely high number of meeting and breakout spaces in order to facilitate maximum interaction between staff and to support team structure, Mr Liddy said.
On top of the Banks headquarters growth the Bank has started spreading its wings outside its home state for the first time, taking the BOQ experience into other states.
In the past three years the Bank has opened a total of 57 new branches with 137 branches now in Queensland, 13 new interstate branches in New South Wales and Victoria for a total of 150 branches. The Bank also has 13 business banking centres.
Mr Liddy said Bank of Queensland is a proud Queensland company and a success story over the last few years with record profits of $64.5 million, an increase of 44 per cent, announced last month.
BOQ has reported record profits while employing more people, and opening new branches. Weve shown it can be done, and, I believe, how it should be done, he said.
Carson Group project-managed Bank of Queenslands move of 400 employees and Director Dave Mason said working with the Bank had been a stimulating and positive experience as the Banks business strategy led the property decision.
In a lot of instances companies tend to let the property decision lead the business strategy but not in Bank of Queenslands case. They were very determined to find a property that would not inhibit their visions for the Bank, Mr Mason said.
We were given a very clear objective to find a new Head Office location that met a number of key performance criteria such as a location within the finance core of Brisbanes CBD, which provided ground floor banking premises for the Banks flagship branch, a high profile building with naming rights and signage rights and the flexibility to meet the Banks anticipated future growth.
A key factor in the final decision for the Bank to move to the BOQ Centre was the ability of the building to provide flexibility to meet the future needs of the bank generated by unprecedented growth, Mr Mason said.
Given the BOQ Centre is a new building the release of additional space is able to be controlled by the Bank at key times in the future. The Bank will be able to take advantage of expansion options available in year three, six and eight of the 10-year lease.
International design leader for BOQ fit-out architects Hassell, Kirsti Simpson, said her firm was extremely proud of the BOQ Centre project.
"We enjoyed a very collaborative process in designing the fit-out, particularly with a wide selection of the Bank's employees, which ensured we have an internal layout which is specifically designed for Bank of Queensland's people.
"It's an organic, open plan environment, which allows ultimate flexibility. The BOQ environment is like a small community with each floor having its own distinct and separate personality. It was important that the designs fitted the BOQ culture of innovation, growth and passion."