German Pension Fund Buys TELUS Green Building

The business case in favor of green buildings received a boost in January with the sale of The TELUS Building at 215 Slater St., a candidate for LEED Silver Accreditation (Leadership in Energy and Environmental Design) certification, to German Pension Fund, Deutsche Gesellschaft fur Immobellenfonds mbH (DEGI) International for $66.5 million. DEGI is one of Europe's leading real estate portfolio managers with assets under management totaling $6.4 billion euros.  Morguard Investments Ltd will be the operational managers for the building.

Completed in October, the 9-storey, 109,530 square feet, Class AAA office tower located at the corner of Bank and Slater Street ranks as the first office building in the capital area to use sustainable development practices.  It is the home to some 300 TELUS employees who were relocated from office locations across the city.

The building design facilitates use of natural light sources and rainwater harvesting. It uses dual-flush toilets and low-flow faucets to reduce water consumption.  It incorporates raised floor technology for the distribution of mechanical and electrical systems with state- of-the-art controls, and data management.

Broccolini Construction of Ottawa developed and built the TELUS Building project. Consultants included Richard Chmiel Architect and Associates Inc., Cleland Jardine Engineering Ltd. (structural engineer), and Stantec (mechanical, electrical engineers and LEED consultant), Novatech Engineering Consultants Ltd. (civil engineer), and James Lennox & Associates (landscape architect).  Broccolini worked with TELUS’s consultants, HOK (architect – tenant improvement) and BLJC (project management) to deliver the interior office environment.


Ann launched RENX in 2001 as a part-time venture and has grown the publication to become a primary source of online news for the Canadian real estate industry. Prior to…

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Ann launched RENX in 2001 as a part-time venture and has grown the publication to become a primary source of online news for the Canadian real estate industry. Prior to…

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