Friday, March 10, 2006

Bendigo Bank Seeking $100 Million Sale Leaseback of Headquarters in Victoria

Sydney Morning Herald - March 8, 2006

Bendigo Bank Ltd is looking to sell its new $100 million headquarters in Victoria (Australia) and lease it back when construction is completed. The bank said it is in negotiations with Societe Generale Corporate & Investment Banking about the possible sale and lease back of the premises in Bendigo.

'The project will involve the creation of public infrastructure in the building precinct which will be owned by the City of Greater Bendigo,' said Bendigo Bank. It said the Victorian government will commit $3.8 million towards public infrastructure development in the project. Sphere: Related Content

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