Another major tenant has been confirmed for the new Vancouver Centre II office tower in downtown Vancouver, with GWL Realty Advisors announcing today PI Financial Corporation has leased 40,000 sq. ft. of space in the building.
The under-construction 33-storey tower, designed by Musson Cattell Mackey Partnership, at 753 Seymour Street adds 371,000 sq. ft. of AAA office space. It replaces the now-demolished Vancouver Centre parkade.
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The investment dealer’s new office is a relocation from its existing headquarters located nearby at 666 Burrard Street.
PI Financial is a leading independent investment dealer providing investment products and services for individual, corporate, and institutional investors.
“The new development aligns well with our client-focused values, providing an attractive and accessible environment for our many clients in British Columbia and beyond, and a dynamic new space for our talented staff,” said Jean-Paul Bachellerie, CEO of PI Financial, in a statement.
“Our offices will be a reflection of our brand, and we look forward to welcoming clients to our new headquarters soon.”
PI Financial joins two other Vancouver-founded companies in the building, including 37,000 sq. ft. leased by mining firm B2Gold and 100,000 sq. ft. leased by mobile gaming creator Kabam. With the latest signing, the building is now half leased.
The building, designed to a LEED Platinum green building standard, features a significant 29th-floor office amenity rooftop deck, as well as a fitness and yoga studio. There will also be a direct underground connection to Vancouver Centre Mall.
Construction will reach street level by the end of this year, with completion set for 2021. GWL Realty Advisors is developing the tower on behalf of the ownership partners — Healthcare of Ontario Pension Plan, The Great-West Life Real Estate Fund, and London Life Real Estate Fund.
Fuelled largely by tech sector demand, downtown Vancouver is currently amidst its largest office building boom in decades; by the end of 2023, new developments producing a combined total of 4.6 million sq. ft. of office space will be completed in the city centre.