Varcoe: ‘Green shoots’ of energy recovery could boost downtown revival

Having completed its takeover of Husky Energy, Calgary-based Cenovus Energy will look to consolidate corporate head-office staff at the company’s home base in Brookfield Place in the city’s downtown.

That means Husky’s old head office in Western Canadian Place will likely be hitting the company’s subleasing program, says Cenovus CEO Alex Pourbaix.

“It was a real priority that we get all of our staff together in one location, if that’s possible,” he said in an interview this week.

The move comes as Calgary’s downtown is grappling with too many empty floors and vacant corridors in the collection of office towers located south of the Bow River.

With more space than it requires, Cenovus will be placing more than 600,000 square feet of space on to the downtown office market.

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