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National Bank of Canada to anchor The Exchange office tower


he National Bank of Canada will be the anchor tenant of The Exchange building, a new 31-storey office tower under construction at Howe and West Pender streets in downtown Vancouver.


According to Business In Vancouver, the Montreal-based banking institution will occupy 45,000 square feet of the building’s 369,000 square feet.


This is part of National Bank’s recently implemented business strategy to expand its reach beyond Quebec and Ontario. As of last spring, the bank had 451 branches across the country, with 339 in Quebec, 74 in Ontario, 27 in New Brunswick and only nine branches west of Ontario.


While many Western Canadians may be unfamiliar with National Bank, it was founded in 1859 and is Canada’s sixth largest bank.


“National is looking at growing from being a super- regional bank to having much more of a national presence,” Kash Pashootan, a portfolio manager with First Avenue Advisory of Raymond James Ltd., told Bloomberg News in March 2014.


National Bank’s occupation at The Exchange will not be possible until 2017, when the building is scheduled for completion. Construction on the $240-million building began in January 2014.


The Exchange is designed by Swiss architect Harry Gugger and incorporates Vancouver’s 1929-built Old Stock Exchange building with the addition of office tower floors above the historic structure.


In addition to restoring the historic facade and old trading floor, project proponents are aiming to achieve a LEED Platinum certification with “seriously green” elements such as rooftop solar panels, integrated geo-exchange thermal regulators, storm water retention and reuse, and hydronic heating and cooling systems.


The office tower project is funded by Credit Suisse, one of the largest private real estate investors in the world.



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Je l'échange contre Jeanne Mance et le 900 n'importe quand. Je suis prêt à négocier le Holliday inn.


Je peux même ajouter un choix de première ronde vu l'historique en terme de design des projets montréalais.


Je suis désolé de faire mon Rocco, mais je ne peux pas toujours me retenir. On peut bien dire que 40-50% des projets de Toronto ou New York sont banals, mais on défonce ce seuil ici.

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