Coast Capital to lease new Surrey headquarters

Coast Capital Savings has committed to leasing 126,000 square feet of a planned nine-storey building to be built by PCI Developments Corp. near Surrey’s King ...

Coast Capital Savings has committed to leasing 126,000 square feet of a planned nine-storey building to be built by PCI Developments Corp. near Surrey’s King George Skytrain station.

That amounts to 70% of the 180,000-square-foot, nine-storey building.

Coast, Canada’s second largest credit union, expects the building to be complete by 2015.

“Coast Capital is excited not only to continue its presence in Surrey but to further expand our business footprint in the city, with the upcoming construction of our new city centre head office,” said Coast’s president and CEO Tracy Redies.

Redies added that about 70% of Coast’s staff who currently work in the company’s Guildford Town Centre head office and Central City administration office live south of the Fraser River.

Coast has total assets under administration of $13.5 billion, 475,000 members and 50 branches in the Metro Vancouver, Fraser Valley and Vancouver Island regions of B.C.

gkorstrom@biv.com

@GlenKorstrom

comments powered by Disqus

Also Read

More From Economy

The state of the union address, income inequality and bank rate cuts made interesting news this past week

Read Article

Plunging gas prices helped push Canada’s annual inflation rate down to 1.5% in December compared with 2% the previous month. 

Read Article

Tyler Orton discusses the benefits and disadvantages of the falling Canadian dollar

Read Article

It is no surprise that households in British Columbia spend the biggest percentage of their average total spending on shelter in Canada, but...

Read Article

Jen St. Denis on the Bank of Canada cutting the key interest rate by a quarter point

Read Article

Comments

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×