Quote:
Originally Posted by Wookie
Encana isn't building anything, they've pre-leased the entire area for 25 years. Making it the Encana building. The developer is H&R REIT who is also securing financing to pay for this building. Meaning no one other then some lending institutions is forking out 1.1 billion for this building. Additionally most companies don't own their own buildings. They just lease the majority of the space and thus get it named after them.
A little off topic, but so is your implication that they are building some super towers because they are so profitable
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You are correct, ENCANA is not profitable.......neither is Imperial Oil, they make no money and need to make money any way they can.