Papago has announced it will take its long-awaited new corporate headquarters to Brisbane, with the announcement made in a letter to the CEO of Brisbane’s Westpac.
In a letter sent to Westpac CEO Bill Hargreaves, Papago said it would build its new headquarters at the former Brisbane Post office complex on Papago’s existing site on The Rocks.
It said the move was a “significant milestone” for the company, which has a strong commitment to local business and community, including its local workforce, which is made up of 1,300 people.
“We believe the new location and its proximity to Brisbane will enable us to bring a much-needed level of innovation to the Papago family of companies,” Mr Hargroves said.
“In addition, this is a strategic move which will ensure we have an opportunity to develop our new office in Brisbane, a city which we believe has a great future.”
Mr Hargrey has said the new headquarters would provide “more than just a headquarters”, and would also help Papago achieve its stated goal of a 40 per cent increase in business by 2019.
“As you know, the Papagos business has been on a constant increase for many years, with significant increases over the past few years, and the growth has been driven by strong local growth,” he said in the letter.
“Our growth trajectory is a direct result of our strong commitment, coupled with the strength of our workforce, to local communities.”
Mr Papago, which employs more than 1,500 people, has also been working to improve its “corporate culture” in order to increase its efficiency.
“The new location will help us ensure that our employees and management are better prepared for the challenges ahead,” it said.
Papago will also use the new building to make a further 10 changes to its corporate structure.
Papagos chief executive, David Smith, said it was an exciting time for the Papagon family.
“There is much to be proud of, and we are now well on our way to meeting the goals set out in our 2017 financial results, which have already delivered a substantial increase in shareholder value,” Mr Smith said.
Topics:business-economics-and-finance,corporate-governance,business-news,industry,business,businesses-and_entertainment,coronavirus-and/or-disease-control,brisbane-4000,brisbane-belmore-4305,qld,brisbanon-4215,canberra-2600,southport-4213,broom-3670,bromfield-4017,lincoln-3700,warringah-4810,wattleup-4800,canton-3315,croydon-2408,warwick-3115,warrnambool-3380,barker-2360,wollongong-5000,north-west-3121,livermore-2401,south-eastern-4114,london-3135,port-uganda-4850,dunedin-3131,douglas-2680,sargent-3288,cannock-4210,panther-2740,gambier-3148,duraby-6000,woburn-2457,mendicant-5341,bundoora-4835,worral-3450,hobart-4740,mackay-4750,moorabbin-4710,melbourne-3000,bayswater-2450,winnelong-3052,westerbrook-3120,burdekin-2710,lakenheath-3420,warraburra-2742,warrumbungle-2730,karratha-3345,dakarra-3000More stories from Queensland