BHP back to square one

Mining behemoth BHP Billiton (ASX: BHP) has officially moved its global headquarters back to Collins Street in Melbourne – less than one block away from where the company held its first ordinary general meeting in 1885.

Having started out at 121 Collins Street West over a century ago, the company moved to Bourke Street and then to Lonsdale Street. Now, as of Monday the “Big Australian’s” headquarters will be 171 Collins St in Melbourne in what is the first premium office tower to be built at the street’s “Paris end” in more than 20 years, according to The Australian Financial Review.

Although it was recently announced that the company had opened a new office in New York, CEO Andrew Mackenzie has assured the market that it firmly remains an Australian company. He said “I am delighted that we are returning home to Collins Street, with our building celebrating our proud heritage and our commitment to the Australian community.”

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Motley Fool contributor Ryan Newman does not own shares in any of the companies mentioned in this article.

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