Canada's bank
for business owners announced as the anchor tenant in ICE
District's last available tower that overlooks ICE Plaza
Renderings available here
EDMONTON, AB, Feb. 28, 2022 /CNW/ - CWB Financial Group (TSX:
CWB) and ICE District Properties are excited to confirm CWB as the
anchor tenant in ICE District's final tower overlooking ICE Plaza.
This move cements Edmonton as
CWB's corporate home in the city where it was founded by local
entrepreneurs 38 years ago. Since that time, CWB has grown its
presence nationally, built an award-winning culture, and achieved
$1 billion in annual revenue in its
most recent fiscal year. CWB has also emerged as a clear
alternative for small- and medium-sized business owners who desire
its proactive, personalized approach to banking, specialized
lending, trust and wealth management.
"We're proud to be part of Edmonton's vibrant business community, and
this city has been and always will be our home," says Chris Fowler, Chief Executive Officer, CWB.
"This investment comes on the heels of our continued expansion
across Canada, particularly in
Ontario, and positions us well for
the future of work. We've found in ICE District a space designed to
offer the flexibility, collaboration and preferred workstyles our
employees are asking for, and we're confident this new headquarters
will continue to put CWB on the map as a destination for top
talent."
CWB employees will benefit from ample amenities in ICE District,
including nearby restaurants, retail shopping, public plaza,
fitness facilities and grocer, 3,000 new underground parking
stalls, close proximity to LRT, and access to downtown's pedway
network. Flexible workspaces and fluid design will hallmark the
street-level banking centre, second floor lobby and office floors
above. Designed to LEED Gold and WELL Gold Standards, the tower
will also maintain a focus on environmentally sustainable building
standards.
"We are beyond excited to welcome CWB to ICE District, the
largest mixed-used sports and entertainment hub in Canada," says Tim
Shipton, Executive Vice President, ICE District. "This tower
will represent a new standard for office space, contributing to ICE
District's expansive views and stunning architecture, all in the
epicenter of Edmonton's downtown.
Much like award-winning Rogers Place arena, CWB's new corporate
headquarters overlooking ICE Plaza will create a vibrant and
inviting place for clients and employees—just steps away from the
biggest concerts, Oilers and Oil Kings hockey, shopping, dining,
gaming and luxury accommodation."
Construction of the new tower is underway with tenant occupancy
expected in 2025.
About Canadian Western Bank
CWB Financial Group (CWB) is the only full-service financial
institution in Canada with a
strategic focus to meet the unique financial needs of businesses
and their owners. We provide nation-wide full-service business and
personal banking, specialized financing, comprehensive wealth
management offerings, and trust services. Our teams deliver a
uniquely proactive and differentiated level of service to clients
in targeted industries where we have deep expertise. Clients choose
CWB for our highly personalized service, specialized expertise,
customized solutions and faster response times.
As a public company on the Toronto Stock Exchange (TSX), CWB
trades under the symbols "CWB" (common shares), "CWB.PR.B" (Series
5 preferred shares) and "CWB.PR.D" (Series 9 preferred shares). We
are firmly committed to the responsible creation of value for all
our stakeholders and our approach to sustainability will support
our continued success. Learn more at www.cwb.com.
About ICE District
ICE District is the largest mixed-use sports and entertainment
district in Canada and is
projecting an energy and feeling unlike anything Edmonton has seen before. ICE District is
delivering a new era of entertainment in the form of epic concerts,
heart-stopping NHL and WHL hockey and world-class gaming, boutique
shopping, trendy dining and more. A humming public plaza with
year-round programming will host events from festivals to public
skating. All of this, just steps from sophisticated residences and
premium office space. Rogers Place was developed by Oilers
Entertainment Group and the City of
Edmonton. ICE District Properties, a mixed-use development
surrounding Rogers Place and Ford Hall, is being developed through
a joint venture between Katz Group and ONE Properties.
This is ICE District. Live, Work, Play, Stay. Learn more at
icedistrict.com.
SOURCE CWB Financial Group