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

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