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Interesting to see HOOPP sink some serious coin into that project.
They were likely aware of the return to office mandate. Plus this was due.
 
They were likely aware of the return to office mandate. Plus this was due.
HOOPP would be aware of the general RTO movement, but even so the shedding of space by Telus across Canada is significant, and I don't use that word sparingly in this instance. In Vancouver, they've put virtually all their space in Telus Garden on the sublease market. I know a senior real estate person at Telus, and their space shedding is massive. They've gone almost all-in on WFH, and only time will tell whether that will work out to their overall benefit.

Or does Telus even have much space remaining in the old AGT tower any more, and is this reno perhaps being done to advance a releasing program?
 

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