Amazon.com, Inc. (NASDAQ:AMZN) expands in Canada as it moves into one of Toronto’s newest skyscrapers by acquiring a large working space for 800 employees. A Bloomberg article reported on the news and discussed about company’s new move into Canada’s largest city for business expansion.
“As tech companies mature, their needs change and they need more space, better quality air, better quality power supply,” said Eamonn Murphy, Executive Vice President at Jones Lang LaSalle.
Amazon.com, Inc. (NASDAQ:AMZN) will acquire five floors near the top of 120 Bremner Blvd., which is a 31-story glass tower situated south of the financial core that opened last year. According to Jones Lang LaSalle Inc., in September 2015, Amazon.com, Inc. will relocate to a 127,000 square foot (11,800 square meters) place from a small office in the city, where company has provided a space to engineers, programmers and software developers, as broker said who represented Amazon.com, Inc.
Amazon.com, Inc. (NASDAQ:AMZN) is not alone after moving in Toronto, as it joins some other tech companies like Cisco Systems, Inc. (NASDAQ:CSCO), BCE Inc. (USA) (NYSE:BCE) and Apple Inc. (NASDAQ:AAPL) in the region. The Bremner tower is among the four new office buildings that are to become available in year 2016 in that area as developers search for a place in south of the traditional financial district.
Amazon.com, Inc. (NASDAQ:AMZN) has posted nearly 100 jobs for engineers, developers and salespeople for the greater Toronto workplace on its official website. According to the Greater Toronto Marketing Alliance, Toronto contains nearly one-third of Canada’s information technology companies.
Amazon.com, Inc. (NASDAQ:AMZN) operates on Canada’s west coast as well. In year 2014, the company signed a lease for as much as 156,000 square feet area in Downtown Vancouver that is an enough space to provide a workplace to 1,000 employees, relocating from a smaller location. The new business location of Amazon.com, Inc. in Toronto is six levels above Apple Inc. (NASDAQ:AAPL)’s offices and has access to the Path system, an underground walkway which is the biggest subterranean shopping complex of the world and links to the city’s subway.
Amazon.com, Inc. (NASDAQ:AMZN)’s move into Toronto city will enable it to expand more in the region as in the U.S., it’s getting harder for tech companies to increase their number of workers that are required to match with growth of business because of limitations over number of foreign workers but Canada doesn’t have any limitation for hiring of highly skilled foreign employees which is why Amazon.com, Inc. is also expanding in the region.
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