August 14, 2013
Calgary office tower set to rise
MANULIFE FINANCIAL CORPORATION
The global real estate arm of Manulife Financial Corporation is moving forward with the construction of a 27-storey office tower in downtown Calgary, which has secured Brion Energy Corporation as the lead tenant of the building.
“Delivering a world-class development such as 707 Fifth supports our forward-thinking investment strategy in Calgary,” said Ted Willcocks, Global Head of Asset Management at Manulife Real Estate.
“It brings to market an exceptional workplace environment for tenants.”
Manulife Real Estate recently announced it is planning the development of 707 Fifth Street.
The 27-storey, 564,000 square foot building is designed by Skidmore, Owings and Merrill with a distinct elliptical form and floor-to-ceiling glass to maximize sunlight exposure and provide panoramic views of the city and the Rocky Mountains.
“Brion Energy is excited to have a long-term solution to our office space requirements and a place to call ‘home,’” said Brion Energy president and chief executive officer Zhiming Li.
“As a growing company, we have been challenged to find a large block of vacant office space in Calgary’s core that meets our needs.”
The building is aiming to achieve LEED Gold Certification and will include a fitness centre, conference facility and a landscaped winter garden.
The Calgary office of Pivotal Projects is managing the project, which is scheduled for completion in March 2017.
Brion Energy, formerly known as Dover Operating Corp., will be the lead tenant of the building.
The 270-person company operates two leases in the bitumen-rich oilsands near Fort McMurray, Alberta.
The Alberta Energy Regulator recently approved an application by Brion Energy to start construction of an oilsands project near Fort McMurray (see story Pg. 1).
Manulife Real Estate recently started construction on 980 Howe Street, which is a 16-storey, 250,000 square foot office building in downtown Vancouver, B.C.
The Vancouver office of Pivotal Projects is managing the project with EllisDon as the general contractor. The building is scheduled for completion in the spring of 2015.
International engineering consulting firm BGC, which provides engineering and geoscience services to the mining, energy and transportation industries has agreed to a 15-year lease term and will occupy four floors of the building.
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