TORONTO, Oct. 11, 2017 /CNW/ - One year after the launch
of the Thomson Reuters Technology Centre, the company today
announced a new long-term facility for the Centre, a commitment
totaling more than USD$100 million
including both capital investments and a 12 year lease.
The new site will be located at Duncan House (19 Duncan Street) in Toronto's Entertainment District and will
accommodate up to 1,500 employees. Thomson Reuters is expected to
assume occupancy in early 2021.
"This investment is indicative of how much potential we believe
exists in the area and the leadership role we want to play in
Canada," said Jim Smith, president and chief executive
officer, Thomson Reuters. "We are thrilled with the talent we have
been able to attract in year one. Once fully staffed, the Centre
will house one of Canada's largest
technology hubs dedicated to developing the next generation of
products and capabilities for our global customers."
In October 2016, Thomson Reuters
announced it was opening a technology centre in Toronto. The Centre has been temporarily
located in Bremner Tower and focuses on using cloud computing, big
data analytics and machine learning (AI) to create better, faster,
more intuitive and more secure solutions for customers.
"Our team operates as a catalyst for our global network of
technologists working to provide our customers with the
information, expertise and software they need," said Shawn Malhotra, vice president, Thomson Reuters
Technology Centre. "This building will allow us to bring together
our growing team in a collaborative work environment, in a prime
spot rooted firmly in the culture and creativity of downtown
Toronto."
The site, the former Southam Press Building, is located at the
corner of Adelaide Street West and
Duncan Street. Duncan House will
consist of a 10-story LEED Gold office building integrated with the
building's heritage structure. The office building is being
developed by Allied Properties and Westbank Projects Corp.
The offices will feature a collaborative workplace environment
designed to promote employee health and wellbeing. It will feature
both formal and informal workspaces designed to enable a variety of
working styles, supported by state-of-the-art technology, breakout
spaces, exterior terraces and food service. The Centre's amenities
will include a café, health club, bicycle room and on-site
concierge services.
Thomson Reuters
Thomson Reuters
is the world's leading source of news and information for
professional markets. Our customers rely on us to deliver the
intelligence, technology and expertise they need to find trusted
answers. The business has operated in more than 100 countries for
more than 100 years. Thomson Reuters shares are listed on the
Toronto and New York Stock
Exchanges (symbol: TRI). For more information, visit
www.thomsonreuters.com.
SOURCE Thomson Reuters