NAB commits to 700 Bourke Street in landmark lease renewal

National Australia Bank (NAB) has renewed its lease at 700 Bourke Street, Melbourne, an iconic office building within the ~$6 billion Mirvac Wholesale Office Fund (MWOF), committing to the building until 2038. This agreement covers the entire building, approx. 63,000sqm and represents the single largest leasing transaction in the Australian office market in 2025.

Bob Pusanik, Executive Property Strategic Sourcing at National Australia Bank, said that NAB is pleased to extend its commitment to 700 Bourke Street and looks forward to the next chapter in partnership with Mirvac.

“Extending our lease at 700 Bourke Street to 2038 is a great outcome for our colleagues, customers, and the business. With Mirvac’s support, we’ll progressively refresh our workplace and amenities to ensure a contemporary, sustainable environment, while reaffirming NAB’s long-term presence in Docklands,” said Mr Pusanik.

Mirvac’s Fund Manager – MWOF, Kit Georgeos, said that Mirvac is thrilled that NAB has re-signed the lease at 700 Bourke Street, a building NAB has called home since its completion in 2013 and which MWOF has proudly owned since that time.

“This renewal is a strong endorsement of both the Southern Cross precinct and the quality of our office portfolio. It also represents one of the most significant leasing transactions in the Australian market this year, reinforcing the confidence major occupiers have in our assets and the strength of our relationships,” said Ms Georgeos.

“Importantly, this agreement provides long-term income security and supports strong, sustainable returns for our investors. As part of this agreement, we will deliver a comprehensive refurbishment to ensure 700 Bourke Street remains a modern, sustainable, and technology-rich workplace that supports NAB’s people and future growth.

“Our commitment to reinvest in our assets reflects Mirvac’s broader strategy to create and curate Premium-grade office environments that meet the evolving needs of leading businesses."

700 Bourke Street is a state-of-the-art office building located in Melbourne’s Southern Cross precinct. The building offers exceptional sustainability credentials and workplace design, featuring internal connectivity through atrium voids and interconnecting stairs. It

700 Bourke Street is a state-of-the-art office building located in Melbourne’s Southern Cross precinct. The building offers exceptional sustainability credentials and workplace design, featuring internal connectivity through atrium voids and interconnecting stairs. It holds a 6 Star Green Star rating, a 5.5 Star NABERS Energy rating, and Climate Active Carbon Neutral Certification, underscoring its commitment to environmental performance and operational efficiency.

This renewal also reaffirms NAB’s position as the largest tenant in the MWOF portfolio and demonstrates strong support for the Southern Cross precinct among major occupiers.