30 July 2012

Westpac is to move back into a low rise precinct in the Christchurch CBD

Westpac Chief Executive, Peter Clare, says while the exact site has yet to be determined the bank is committed to being part of the economic heart of the city and is excited by the Christchurch Central Recovery Plan announced today.

“Westpac is committed to being part of the new Christchurch CBD. Christchurch is one of our largest cities and the economic gateway to the South Island. It is important that other major businesses support the plan with action and commitment and provide the support needed for growth and a vibrant environment. Re-establishing the CBD is an important step toward that,” Mr Clare said.

Westpac expects it to be approximately three years before it moves into a purpose built, low rise building with a minimum 5 star Green Star rating. Since the earthquake of September 2010 Westpac has based itself at Show Place in Addington, across the road from where it built the Westpac Business and Community Hub for dislocated businesses.

Aside from a corporate presence back in the CBD, Westpac will also look to have a strong branch and retail presence noting we already have a container branch in Cashel Mall and have reopened our branch in Sydenham.

“It is important for business to show its commitment to the CBD because it has a crucial role in the recovery and instilling confidence,” Mr Clare said.