Calgary-headquartered Neo Financial announced today that they’re expanding their footprint in Calgary’s downtown, with 113,000 sq ft of office space across The Edison office tower and a converted empty retail floor at the Hudson’s Bay downtown.
The expansion of office space comes as their team has more than doubled in the past year, bringing Neo’s Calgary team to over 400 employees. The new spaces will accommodate upwards of 800 people with expansion space up to 2,000 including creating flexible space that supports future collaboration with local tech partners.
Calgary’s downtown core is going through a digital revitalization and Neo is leading the way by creating enticing local employment opportunities and bringing top tech talent from across the country and international markets into downtown Calgary.
“Calgary’s downtown has a ton of potential, and it has all of the key ingredients that make it an ideal location to build a tech campus – something that’s much needed in Calgary. With a central location, we’ll attract other technology businesses to make the downtown core a true hub for innovation,” says Andrew Chau, Co-founder and CEO of Neo Financial.
“We all benefit from growing Calgary’s roster of tech talent and businesses, and our goal is for Neo to be a driver in building that.”
The new office spaces are centrally located, close to transit, residential communities, restaurants and other amenities that make it the ideal location to build a campus space for Neo’s employees to live and work.
“The expansion of Neo to the downtown core is yet another signal of confidence in Calgary’s growing tech sector,” said Mayor Gondek. “Technological advancements in every industry are driving their success, which means that positioning Calgary for growth in the tech sector is key to sustainable diversification of our economy. Creating desirable spaces for companies like Neo underlines the importance of continuing to invest in our downtown.”
The two spaces at the Hudson’s Bay and The Edison will provide an exciting cluster of innovation along the popular Stephen Ave block.
Neo’s team will transition into the new spaces throughout Q1 2022, as the former Hudson’s Bay retail floor undergoes renovations to transform the space into a collaborative open work environment.