Cushman & Wakefield Selected To Partner With TELUS And Westbank To Lease A Landmark Office Tower Development

Cushman & Wakefield (C&W) has been selected by TELUS and Westbank to lease out Vancouver’s most prominent office development. TELUS Garden, targeted to be Canada’s first Leadership in Energy and Environmental Design (LEED) Platinum building based on the new 2009 standards, is a one-million square foot mixed-use development that will occupy nearly an entire city block. It is the cornerstone for the commercial resurgence of West Georgia and Robson streets in downtown Vancouver’s financial core.

“Given the extremely limited availability of Class AAA space in Vancouver’s central business district, we are very excited to be working with TELUS and Westbank on this new development,” said Mark Chambers, senior vice-president, C&W Vancouver. “TELUS Garden will help provide relief to the tight office space market by creating significant new blocks of prime office space in downtown Vancouver and give companies looking for large, adjoining space an unmatched option for relocation or expansion. We believe TELUS Garden will be a landmark project that sets the standard for next-generation office development in the city when complete in 2014.”

The new 24-storey tower will be approximately 500,000 square feet, and include green building systems and leading-edge TELUS technology, creating unparalleled opportunities for tenants to reduce their environmental impact while offering their teams efficient, collaborative and modern working space.

C&W has been working with TELUS in an advisory capacity on this exciting new development since the concept was first envisioned in 2010. With the selection of Westbank , one of the most experienced urban development firms in Vancouver, and renowned architects Henriquez Partners Architects this initial planning led to the vision of a new office development combined with a residential tower.

“We are thrilled to be working alongside a world-leading firm such as Cushman & Wakefield who share our values and vision for what will be one of Canada’s premier office towers,” said Andrea Goertz, TELUS senior vice-president, Strategic Initiatives. “TELUS Garden will cultivate a new way of working and become a landmark address for businesses in downtown Vancouver.”

“Partnering with companies that share similar values and cultures to ours is really important to us,” added Chambers. “TELUS and Westbank are both known to be creative, innovative, leading-edge and involved in the community. With those ideals in mind, the partnership is a natural fit for us.”

About Cushman & WakefieldC&W is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 234 offices in 61 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Corporate Occupier & Investor Services, including integrated real estate strategies for large corporations and property owners; Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognised leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Centre at www.cushmanwakefield.com .

About TELUSTELUS (TSX: T, T.A; NYSE: TU) is a leading national telecommunications company in Canada, with $10.4 billion of annual revenue and 12.7 million customer connections including 7.3 million wireless subscribers, 3.6 million wireline network access lines and 1.3 million Internet subscribers and more than 500,000 TELUS TV customers. Led since 2000 by President and CEO, Darren Entwistle, TELUS provides a wide range of communications products and services including wireless, data, Internet protocol (IP), voice, television, entertainment and video.In support of our philosophy to give where we live, TELUS, our team members and retirees have contributed more than $260 million to charitable and not-for-profit organizations and volunteered 4.2 million hours of service to local communities since 2000. Eleven TELUS Community Boards across Canada lead TELUS’ local philanthropic initiatives. TELUS was honoured to be named the most outstanding philanthropic corporation globally for 2010 by the Association of Fundraising Professionals, becoming the first Canadian company to receive this prestigious international recognition. For more information about TELUS please visit telus.com.

Copyright Business Wire 2010

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