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December 9, 2014
EDMONTON, ALBERTA--(Marketwired - Dec. 9, 2014) - Enbridge Inc. (TSX:ENB)(NYSE:ENB) today announced its long-term Edmonton office plans, confirming tenancy agreements in the new Kelly Ramsey Tower and the existing Manulife Place.
As one of the largest private-sector tenants in downtown Edmonton, Enbridge has experienced significant growth and expansion in the downtown core during the past decade, having grown from 170,000 square feet to nearly 650,000 square feet.
"Enbridge's strategy is to create a work environment where our employees can collaborate, innovate and succeed, while contributing to the exciting growth within the City of Edmonton," said Enbridge Chief Operating Officer, Liquids Pipelines, Leon Zupan. "This move will allow us to consolidate our 2,500 workers from six buildings to the two tallest and newest buildings in Edmonton's downtown core."
Currently, Enbridge leases all or portions of six office towers in downtown Edmonton, making the company among the largest private sector tenants in the central business district.
"After more than 60 years of delivering energy and growing our business in Edmonton we will be creating and delivering new energy within our City," said Mr. Zupan. "This is a strategic and timely announcement that positively impacts our workforce and the growth and vibrancy of Edmonton."
"On behalf of my City Council colleagues, I'm thrilled to hear that Enbridge is making a fresh commitment to downtown Edmonton," said Don Iveson, Mayor of Edmonton. "This is yet another sign of our city's growth and its increasing ability to retain and attract major employers."
Once fully in occupation of the negotiated lease space in Manulife Place and the Kelly Ramsey Tower, Enbridge will be become the largest tenant in both buildings.
"Despite having many other location choices, Enbridge has made a powerful commitment to the heart of Edmonton's downtown core with this project," said John Day, Kelly Ramsey Tower. "We are proud to work with Enbridge, a great Canadian company and a key player in our city's economy. Enbridge's tenancy will help make the Kelly Ramsey Tower an exciting part of our downtown's ongoing growth and success."
The Kelly Ramsey Tower is located on 102nd Avenue, between 101st Street and 100A Street N.W. At 550,000 square feet, the 25 storey AA office building is scheduled to reach completion in 2016. The tower will incorporate the original facades of the historical Kelly and Ramsey Buildings which sat vacant for several years after a fire in 2009. The Kelly Ramsey Tower builders also plan to attain LEED Gold Certification - one of the highest standards for environmental sustainability.
"Manulife is proud to continue supporting Enbridge's tremendous growth and commitment to Edmonton's downtown core," said Steve Smith, Managing Director at Manulife Real Estate. "Manulife Place has been home to Enbridge employees for many years and we are pleased that Enbridge has chosen to not only renew but expand our existing relationship. This is a good day for Manulife and Enbridge as we grow our partnership and an exciting time for the City of Edmonton."
Manulife Place, Edmonton's tallest building is a landmark 36-storey office tower located on 102nd Avenue between 101st Street and 102nd Street. At 745,000 square feet, the building features flexible and efficient floor plates and spectacular panoramic views of the city and the river valley. The LEED EB Gold certified building anchors downtown Edmonton's vast pedway network with connections to the city's business community, dining and entertainment facilities.
Both buildings will connect via a new pedway system across 101st Street.
An online media kit, including photos of the Kelly Ramsey and Manulife buildings are available via the Enbridge website.
About Enbridge Inc.
Enbridge Inc., a Canadian Company, is a North American leader in delivering energy and has been included on the Global 100 Most Sustainable Corporations in the World ranking for the past six years. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a significant and growing involvement in natural gas gathering, transmission and midstream businesses, and an increasing involvement in power transmission. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. As a generator of energy, Enbridge has interests in more than 1,800 megawatts of renewable and alternative energy generating capacity and is expanding its interests in wind and solar energy and geothermal. Enbridge employs more than 10,000 people, primarily in Canada and the U.S. and is ranked as one of Canada's Top 100 Employers for 2014. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit www.enbridge.com. None of the information contained in, or connected to, Enbridge's website is incorporated in or otherwise part of this news release.
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