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Mark Rose

Mark Rose

National Corporate Leasing and Strategy Manager, Group Property at Westpac, based in Melbourne.

Sep 24, 2026

speaker_0MODERATOR
0:27
Mark, thinking back on your last office move, what's one thing you wish someone had told you three years out?
0:36
Yeah, great.
0:36
Um, I guess from a Melbourne context, well, our la- oh, sorry, our last office move was probably Festival Tower in Adelaide.
0:46
Um, I think the thing we would've liked to know there, look, to be perfectly honest, is probably how aggressively rates were go- gonna grow, um [coughs], and how aggressively economic rents were gonna grow, especially in Adelaide.
1:03
Adelaide's a very funny market.
1:04
It has a...
1:06
It's probably the, the story that Annabel talked about in Melbourne with high vacancy but very little vacancy in the premium grade assets.

14 MINS LATER

speaker_0MODERATOR
15:01
Um, speaking of reusing what we have, Mark, can you unpack how Westpac weighed staying and refurbishing the existing fit-out versus moving to a brand-new building with all the bells and whistles? Was the embodied carbon piece hard to actually quantify?

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