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RBC Wealth Management moving into Stantec Executive Place

It’s taken some time, but Red Deer’s most prominent office building is filling up.

RBC Wealth Management is preparing to take over the third floor of the 12-storey Stantec Executive Place at 4900 50th St.

Claire Holland, director of global external communication with the financial institution, confirmed on Monday that RBC Wealth Management will move its operations there from Parkland Square at 4901 48th St., effective Dec. 9.

Thirty staff are affected, she said, including 17 RBC Dominion Securities investment advisers.

Holland said the move is required due to business growth.

RBC Wealth Management provides services in such areas as investment management, trust and estate planning, private banking and asset management.

Nova Chemicals Corp. already occupies the fourth, fifth and sixth floors of Stantec Executive Place. Stantec Inc. has half of the seventh floor and all of the levels above that, and has committed to lease the remainder of the seventh floor.

Rileys, a Calgary-based company that provides document and print services to corporate customers, is currently on the seventh floor but will relocate to space on the ground level, said Jose Muyot, the building’s manager.

The Business Development Bank of Canada is leasing about 2,000 square feet of the second floor, with another corporate tenant likely to take a similar amount in the new year, said Muyot.

That would leave approximately 2,000 square feet on the second floor and 4,500 square feet — divided into three retail spaces — on the ground floor.

Stantec Executive Place was developed by Beca International Ltd. and Clark Builders. It was completed in 2010.



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