Seeking Canadian Office for National and International Growth
International Petroleum Corp. (IPC), an oil and gas company and member of the Lundin Group of Companies, purchased $512 million worth of assets from Cenovus Energy in the fall of 2017. This occurred during one of the most confident market environments for acquisitions in a decade. At the same time the new company sought a head office in Calgary—the centre of Canada’s energy sector and home to the second-highest number of corporate head offices in the country.
Maximizing Opportunities for Industry Player
IPC hired Colliers International led by Todd Sutcliffe and Craig Hulsman to bring IPC to Calgary. Colliers’ team performed a full market study, examining rate variations and availability. Within 30 days of IPC’s transaction closing, Colliers’ team had negotiated a favourable deal for 25,000 square feet of AA class office space in Jamieson Place.
Aligning with Client’s Brand and Culture
Its location in a well-appointed building in the city’s commercial centre aligns with IPC’s brand and culture, providing a solid foundation for the company to capitalise on its oil and gas interests in Alberta and Saskatchewan. Listed on the Toronto Stock Exchange (TSX), International Petroleum Corp. (IPC) started strong with a high quality portfolio of assets. Its home base in Calgary, Canada, is no small part of its success.