Manulife to construct 27-storey office tower in Calgary, Canada

31 July 2013 (Last Updated July 31st, 2013 18:30)

Manulife Real Estate, a unit of Manulife Financial, has unveiled plans to construct a 27-storey office tower in Calgary, Canada.

Office tower

Manulife Real Estate, a unit of Manulife Financial, has unveiled plans to construct a 27-storey office tower in Calgary, Canada.

Designed by the US-based architectural firm Skidmore, Owings and Merrill, the 564,000ft² tower, dubbed 707 Fifth Street, will also house a fitness centre, on site conference facility and a winter garden.

The building’s location, near the Core Shopping Centre, is also anticipated to benefit from a direct link to Calgary’s +15 walkway network.

The elliptical form of the building with floor-to-ceiling glass is designed to maximise sunlight into the structure and provide views of the city and the Rocky Mountains.

The Calgary office of Pivotal Projects is managing the project, which is expected to be complete by March 2017.

Manulife Real Estate global head of asset management Ted Willcocks said the new building will bring to market an improved workplace environment for tenants.

"Delivering a world-class development such as 707 Fifth supports our forward-thinking investment strategy in Calgary," Willcocks said.

Manulife Real Estate currently owns and manages eight properties in Calgary and 707 Fifth Street will bring its portfolio in the city to around 1.3 million ft².

Manulife Real Estate president and CEO Kevin Adolphe said the company has been present in the Calgary’s real estate market since early 1960s.

"We look forward to carrying on that proud tradition with 707 Fifth Street, which will become a best-in-class office tower in Calgary," Adolphe said.

Brion Energy, previously known as Dover Operating, will be the lead tenant of the tower, which is expected to secure LEED Gold Certification.


Image: The 27-storey office tower will feature a fitness centre and a winter garden. Photo: Courtesy of Manulife Financial.