Burgeoning business to create cutting edge new office in flight-to-quality
Long-term North Sydney occupier, Shore Financial, is set to move into new and improved office space in a move designed to cater to the company’s burgeoning growth and provide high quality office space for its people.
In a leasing deal negotiated by Colliers’ Office Leasing expert Dan Walker, Shore Financial chief executive Theo Chambers has secured 615sqm on Level 16 of AMP Capital’s 124 Walker Street in North Sydney on a five-year lease.
Shore Financial will relocate from the two floors of space owned by Mr Chambers and his business partner Alex Nochar in nearby Walker Street, North Sydney. Mr Chambers and Mr Nochar will retain this space and lease it out.
“We will be investing significantly in the fit out of our new space at 124 Walker Street in an ongoing bid to attract and retain the best people to our growing business,” Mr Chambers said. “This sort of investment in culture and creating the best workplace possible for our people has never been more important than in the current Covid-19 environment.
“Having a collaborative and motivational workspace has never been more important, especially given the increase in people working at home through the pandemic. Some individuals prefer it whilst some can’t wait to get back into an office space as the ability to learn and share ideas amongst your peers can have its limitations in a remote working environment.
“We’re a finance-business by definition but more of a ‘people business’ by nature, and having a new-age, cooperative workspace where there are various areas within the office allowing the team to socialise and share ideas helps create a collaborative culture, which is the backbone of our business.
“It’s also an important way to connect with customers these days, by bringing them into your workplace for educational seminars and events, creating life-long relationships built on service and advice by helping consumers learn the important topics of property and finance – the biggest transactional decisions most consumers make throughout life.”
Some of the various features and amenities of the new Shore Financial workspace will include a front of house lounge area with an alluring breakout space for both staff and clients to use. These area will be situated around meeting rooms that turn into one large conference room for events.
Private offices, quiet rooms and lounge rooms for uninterrupted work, video conference calls, meetings or training and development sessions will also be included. There will also be a podcast studio for filming or broadcasting content online, to cater to a new era of consumers who are increasingly open to conducting business via social media and various online platforms.
Shore Financial continues to grow in headcount on the back of a strong residential real estate market, leading to record lending from mortgage brokers.
Mr Chambers said it was significant for a business of its scale to shift from company-owned premises into leased space, and represented a strong desire to create a truly cutting edge workplace in a high quality building.
“Shore Financial will move from B-grade strata space to an upper floor office with harbour views and an abundance of natural light, and will be completing an extremely high quality fitout,” he said.
Mr Walker said this was typical of what Colliers’ was experiencing in the office market more broadly in the current climate, with tenants taking the opportunity to upgrade in building quality and amenity.
Shore Financial achieved record growth in FY21 with $5billion in home loan transactions, servicing 40,000 property owners across the east coast of Australia.
“Our forte has been servicing the real estate industry and supporting various agents in their day-to-day business, yet in recent years we’ve developed a significant online presence, bringing clients into our business through a digitised journey, and now offering our own home loan product which issues clients with a formal approval in just 15 minutes using live banking feeds, RP data and an Algorithmic risk assessment software,” Mr Chambers said.
“Our future focus is to develop more technology like this so slipstream the process whilst also offering market leading interest rates.”