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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Tuesday, July 29, 2014 Natixis Finds Its Emerald City, Without Leaving Beantown It's all about location, location, location. Nowadays, preferably green. Natixis Global Asset Management is demonstrating the power of this principle with a planned relocation of its headquarters from 399 Boylston Street to a new 17-story office tower that will be built in two years at 888 Boylston Street. A Natixis spokesperson told MFWire that those moving to the tower include the company's corporate staff, including human resources, marketing accounting and legal (among others), as well as its U.S. distribution team. The move follows a decade of steady growing by Natixis in Boston. It has created 200 jobs in the city over the past five years, and more than 500 over the past decade. The Natixis spokesperson said that the company does plan to continue hiring in the city, but was unable to provide specific numbers. Natixis, which will serve as the anchor tenant in the new building under development by Boston Properties, will occupy roughly 128,000 square feet across five floors, with an option to expand to a sixth floor. The tower, which is slated for completion in fall 2017, will be adjacent to Prudential Center in the Back Bay neighborhood of Boston. Natixis has 1,400 employees in Boston. According to the Boston Globe, Natixis will move 525 employees from 399 Boylston to 888 Boylston. Citing a company spokesperson, the newspaper reports that Natixis will not keep its space at 399 Boylston. The building purportedly will be an ecological wonder, designed to be the most sustainable office building in the city. The building will use 45 percent less energy and 37 percent less potable water than an average office building, according to Natixis. The building will reportedly feature daylight penetration to 95 percent of its floor area, allowing tenants to leave the lights off 60 percent of the time. Other cutting edge green systems, designed to garner LEED Platinum certification from the U.S. Green Building Council, will include a chilled beam HVAC system, on-site rooftop wind power generation that will power all exterior building and plaza lighting, and a rain harvesting and reuse system. Printed from: MFWire.com/story.asp?s=49293 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |