Morguard's investment connects building at 215
9th Avenue SW to one of the world's most extensive pedestrian
walkway systems
MISSISSAUGA, ON, Sept. 26, 2019 /CNW/ - Morguard Real Estate
Investment Trust ("Morguard" or the "Trust") (TSX: MRT.UN) will
celebrate the grand opening of a new segment of Calgary's Plus 15, today. The newest addition
to the network connects the building at 215 9th Avenue SW to Gulf
Canada Square and the system's 83 bridges and nearly 16 kilometres
of sheltered elevated pedestrian walkways.
Plus 15's new segment features a sweeping curved bridge with a
visually-stunning LED-illuminated exterior and contemporary
single-mast design, while providing Calgary's pedestrians with increased ease of
movement throughout the walkway system. Interior details will echo
the exterior design.
"Contributing to Calgary's Plus
15 system expansion underscores our mandate to invest in strategic
projects that benefit our tenants and serve the communities in
which we operate," said K. Rai Sahi,
Chairman and Chief Executive Officer, Morguard.
"The newest extension to Plus 15 enhances our building's profile
and confirms Penn West's place as one of Calgary's prominent office properties," said
Randy Borisenko, Regional General
Manager, Calgary. "We are thankful
for the local government, planning and construction partners, and
our tenants at Penn West Plaza who worked with us to bring this
project to completion."
The project was completed thanks to the collaboration with the
City of Calgary, Calgary Parking
Authority and CP Rail among other partners, led by Morguard. The
original design of the bridge was created by Abugov Kaspar
Architects, and construction and project management were co-led by
EllisDon and Concept Consulting.
Penn West Plaza is one of Calgary's premier Class "A" buildings. The
property features a dual tower complex with 636,324 square feet of
office space and 30-storeys combined between its 10-storey East
Tower and its 20-storey West Tower. Both towers have access to an
immediate working population of over 14,000 people and a traffic
count of over 24,000 cars daily.
About Morguard Real Estate Investment Trust
The
Morguard Real Estate Investment Trust is a closed-end real estate
investment trust, which owns a diversified portfolio of 48 high
quality retail, office and industrial income producing properties
in Canada consisting of
approximately 8.4 million square feet of leaseable space.
For more information, visit Morguard.com
SOURCE Morguard Real Estate Investment Trust