One of Australia’s largest non-bank lenders Metrics will ditch its neighbourhood offices in North Sydney for a home at the foot of Sydney’s civic heart, the heritage-listed 1 Martin Place, joining a string of corporates that have moved to bigger, flashier digs recently.

The lender, which has quadrupled its funds under management in five years to $20 billion, is upgrading its office when private credit funds have been boosted by developers turning to non-bank lenders for larger loans to kick-start projects.