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Banco Group is transforming some of Prahran’s most iconic heritage buildings into a contemporary destination for creative and professional communities to work and thrive in: Cecil Place Precinct. Boutique offices and coworking spaces will surround a piazza humming with retail, art, hospitality and entertainment. We are starting with art and community activation at the Union Bank.


Office, coworking, restaurant, bar, cafe and retail leasing opportunities are available at Cecil Place Precinct.

The Precinct will hum day and night. Hospitality, retail and entertainment spaces will be at ground level, with boutique office and coworking spaces above. A central piazza, carparking, rooftop terraces and public art are all in the mix.

Leases are available for boutique office spaces in a range of sizes from 90m2 to 4,000m2, along with restaurant, bar, gym and café spaces for hospitality providers who have what it takes to activate a space.

Professionals. Creatives. Artists. Makers. Dreamers. Doers. Make your own history at Cecil Place.


Cecil Place Precinct has been helping to make Prahran one of Melbourne’s most eclectic and liveable suburbs for more than a century.

Prahran’s name is a transcription from the Boonwurrung word for the Yarra River, Birrarung.  Prahran came into being in 1837 and has been growing and evolving ever since.

The farms and churches of Prahran’s early days soon gave way to a bustling shopping and entertainment district that was easily accessible by cable tram and famed for its theatres and department stores. Migrant populations from countries like Greece brought European hospitality, while rainbow communities brought style and flair.

The area around Cecil Place Precinct has long been part of the fabric of Prahran. The Union Bank was designed by Walter Butler and built in 1919. The Calder building dates to late 1923. Previous tenants include painters, booksellers, butchers, and paperhangers.

Epitomising eclectic Naarm/Melbourne work + life, close to Chapel Street and the CBD.


The Cecil Place Precinct will be a contemporary destination for creative and professional communities to work and thrive in.

Our vision for Cecil Place Precinct is founded on restoration, rejuvenation and transformation. Four iconic addresses will surround a piazza humming with art, retail, hospitality and entertainment. When it’s complete, there will be more than 5,000 sqm of office space available at the Precinct.

The site is architecturally, historically and culturally significant. The stately Union Bank building will be retained and restored in its entirety. The much-loved facade of the Corder building will be rejuvenated by contemporary additions. The built form of a former stable block will also remain.

Wherever possible, we are retaining existing buildings at Cecil Place. This not only highlights and pays homage to the cultural and historical significance of the site, but reduces the waste, materials and embodied carbon associated with demolition and reconstruction.

Art will be part of day to day life at Cecil Place. We will be engaging local artists working in all mediums for temporary and permanent projects, art works and installations, starting with Art at the Bank at the Union Bank.