In the November 2002 issue of BN we...

In the November 2002 issue of BN we mentioned several reasons for the ICABC's then upcoming propel in February 2003:

Timing: Our lease was up in March 2003 The elderly building had been sold, and the developers' plans were as in addition unclear. The real estate market was also excessively competitive, to our advantage.

Greater efficiency: Of the 21400 sq ft of office space at the Melville building, we alone used 15,500. The remaining 5900 sq ft could solitary be sublet for educational purposes-always a significant challenge.

At our just discovered location, we occupy only 12400 sq ft in total, a reduction made possible according to smaller offices and efficient storage ideas.

Improved conditions: We'd been at the former location for 20 years, and features like paint, carpeting, and lighting lacked to be updated. Moving gave us the chance to start from scratch, and the strange space now offers better light and more privacy.

Reduc costs: 100% of our leasehold improvements were supplyed with tenant inducements. Our single cost was new ergonomie furniture, which had been loted irrespective of the move.

With these inducements, the reduction in physical space, and the word s of our new lease, our overall premises splendor averaged over the next 12 years is 3% les than last year's rent

Now that we've settl in, we welcome you to descry the new space!

Copyright Institute of Chartered Accountants of British Columbia Aug 2003

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