Microsoft Plans New Bay Street Toronto Headquarters

Christine Persaud

Published: 09/12/2018 08:38:23 AM EST in Industry

Microsoft Plans New Bay Street Toronto Headquarters

Microsoft will open a new state-of-the-art headquarters location in downtown Toronto in September 2020.

The facility, which will be located in the heart of the city at 81 Bay St. In CIBC Square, is one of many expansion announcements Microsoft is making for Canada to enhance its operations, including increasing staff, modernizing real estate, and growing its research lab in Montreal that is focused in artificial intelligence.

Microsoft says moving to the new facility will enable the company to better serve its customers, collaborate with its technology partners and to attract top talent to a central location that's well served by transit and more accessible to universities and innovative new tech start-ups.

"Increasingly, Canada is being recognized as a global leader in technology, and the investments we are making today and into the future will help ensure Canada continues to be a hotbed of innovation," says Microsoft Canada President Kevin Peesker. "By relocating our headquarters to downtown Toronto, we will be able to better serve our customers and attract top talent to continue to drive innovation and growth for our Canadian customers and our large partner ecosystem."

Measuring 132,000 square feet over four floors, the building is now under construction. Currently, Microsoft employs more than 2,300 employees across Canada, and supports an extended ecosystem of more than 14,000 partners who sell, service or deploy Microsoft products. The company expects that the Microsoft ecosystem could account for more than 60,000 new jobs by the time the new headquarters opens in two years.

"This announcement by Microsoft offers yet more evidence of the strength of Toronto as a global technology centre, and as a desirable home for major corporations," adds Toronto Mayor John Tory. "By choosing South Core as its new home, Microsoft is embracing one of the hottest new areas of downtown, and Toronto welcomes them with open arms."

Microsoft has had a headquarters in Canada since 1985, and during that time has injected billions of dollars into the Canadian economy including, most recently, the opening of two datacentres (Toronto and Quebec), an innovation hub in Vancouver, and an artificial intelligence lab in Montreal.

CIBC Square is a project by IvanhoƩ Cambridge and Hines.

Kevin Peesker, President, Microsoft Canada

Article Tags:  microsoft, peesker, headquarters, toronto, bay street, downtown, investment, canada, industry news


Microsoft Plans New Bay Street Toronto Headquarters

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