Avigilon, trusted provider of business intelligence and security solutions, has announced that it has successfully completed the acquisition of a nine-story, 135,000 square foot office building centrally located in downtown Vancouver, Canada.
Avigilon, trusted provider of business intelligence and security solutions, has announced that it has successfully completed the acquisition of a nine-story, 135,000 square foot office building centrally located in downtown Vancouver, Canada. The building was financed through Avigilon's real estate term loan facility.
"We're pleased to announce the successful acquisition of our new global headquarters, which provides more than double the space we presently lease at a lower financing cost than our current rent," said Alexander Fernandes, Avigilon's Founder, President, Chief Executive Officer and Chairman of the Board.
"Avigilon, which has over 1,000 employees, has an ongoing need for expansion as one of North America's fastest growing technology companies."
The building is adjacent to TELUS Garden, a $750 million real estate project currently underway. When completed, the million-square foot development will represent one of the most technologically innovative and environmentally-friendly communities in the world, boasting a new office tower, a stunning residential tower, landscaped outdoor space, and a variety of retail shops and restaurants.
In addition to its prime location, the building has been updated in recent years with the latest technology infrastructure, which is expected to allow for a seamless transition for Avigilon's knowledge-based employees to work in a high-tech environment.
Product Adopted:Others