BENDIGO and Adelaide Bank last week received development approval for a $105 million 10-storey green-star office building on Hindmarsh Square.
The building, designed by Hassell, was approved by the State Government's Development Assessment Commission last Thursday.
Bendigo and Adelaide Bank project director Stella Thredgold said that while internal approval is still pending, the development approval was a major milestone for the company. A final decision on the construction of the new headquarters should be made by the end of March, with the building expected to be completed by 2012.
When complete, the new building will consolidate the company's three separate Adelaide offices and be home to 900 employees.