National Bank to become anchor tenant at Credit Suisse' $240 million The Exchange office tower

Credit Suisse Real Estate Asset Management secures first tenant for 31-storey Vancouver office tower more than a year after breaking ground

Rendering of the new Exchange tower integrated into the restored Old Stock Exchange building 

Credit Suisse Real Estate Asset Management has secured its first tenant for its 31-storey, $240 million downtown Vancouver office tower more than a year after breaking ground.

National Bank, one of Canada’s oldest banks, will be The Exchange tower's anchor tenant, taking 45,000 square feet of the 369,000-square-foot LEED Platinum office building. That includes office space on three floors of the high-rise as well as ground-level and second-floor retail space.

Other tenant announcements are expected in the coming months.

“It is symbolic for The Exchange to secure an anchor tenant that is a financial institution, said SwissReal Group’s Franz Gehriger. SwissReal Group is Credit Suisse’s local development partner for The Exchange.

“Moreover, it is significant for The Exchange – a LEED Platinum building – to welcome a tenant that is globally ranked as one of the top 20 most sustainable banks.”

When Credit Suisse broke ground last year , Credit Suisse director Rainer Scherway said the company usually invests in developed and fully-leased buildings, and this was the first time it developed a project from the ground up in North America.

Partly occupying the space of Vancouver’s former stock exchange building, which was originally built in 1929, the project will be Canada’s first LEED Platinum heritage conversion.

It will also be the country’s second-tallest LEED Platinum office tower.

-With files from Glen Korstrom

ecrawford@biv.com

@EmmaHampelBIV