The Bow project represents approximately 3 million sq.ft. of mixed-use development covering the majority of two city blocks. Once complete, the Bow will be one of the tallest buildings in Canada. The 58-storey, approximately 2 million sq. ft. “AAA” Bow office tower sits above a 1,400 stall underground parking structure and will serve as the future corporate headquarters of EnCana Corporation and Cenovus Energy.
In early 2009, H&R REIT was successful in securing construction financing. Altus continues to work with the development team to ensure the project’s risk profile is continually evaluated and loan draw down procedures are in place to ensure a seamless and timely transition to debt financing once required. The oversight role undertaken by Altus has been to the benefit of all project stakeholders and the incorporation of Altus’ recommendations has reduced the overall project risk profile. With our highly skilled and experienced personnel based in Canada, we are able to draw upon a diverse array of real estate experts to resolve the challenges that confront our clients. Our expertise includes real estate appraisal for all asset classes, financial analysis and modeling, urban land economics, costing specialists, project management, asset strategy, capital planning, market research, demographic analysis, land use planning, management consultation, property tax specialists and geomatics.