Quote:
Originally Posted by timun
No, CNOOC alleged they 'discovered' the asbestos in 2017, hired consultants to do testing/investigation (as did the landlord), and CNOOC concluded "this space is unfit for our occupancy because it's unsafe" and signed a sublease from Cenovus at the end of 2018. They moved out and stopped paying their rent at Nexen Building in the spring of 2019. There was no intent for them to move back in... (Their lease was signed near the peak of the market in December, 2013, and was for a preposterous 28-year term that expired the end of 2031.)
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Yeah, I knew about the term, that was nuts.
Wow, did not know they found the asbestos so early lol. Amazing considering the food court they opened up at the time.