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With continued uncertainty over the Newcastle rail line and the decline in the CBD, the Greater Building Society is moving to build its new headquarters at Honeysuckle.
Plans have been drawn up for a building on Honeysuckle drive costing up to $80 million, but a development application may not be lodged until the latter half of next year.
The building society says to utilise space on the site, the building may be up to 48 metres high, which would exceed existing height limits.
CEO Don Magin says it would not be logical to build again in the Newcastle CBD.
"If you look at what's happening in Honeysuckle a lot of other head offices have been located there," he said.
"With all the other uncertainty about what's happening with the railway line and the rest of the things in the CBD we just thought that was a better investment for our members to go into Honeysuckle.
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