Case Study

BNZ (Bank of New Zealand)

BNZ (Bank of New Zealand)

Pages 4 Pages

page 1 of 4 Background Founded in 1861, BNZ employs more than 5000 people and provides banking services to business, agriculture, personal and private clients throughout New Zealand. The BNZ property portfolio incorporates 195 Stores and Partner Centres and three corporate buildings, with a combined floor area in excess of 130,000 m 2 . While the majority of BNZ property is leased approximately one third of the bank’s annual procurement expenditure across a diverse range of products and services is Property related. BNZ Properties is responsible for the overall management of property and property functions, including long term planning, forecasting, and lease management. It outsources transactional and operational management to Darroch Property Services, which utilises the Vis

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