How collaboration and creativity come together in OTPP’s new offices

Staff at Ontario Teachers’ Pension Plan Board, the $247.5 billion global asset owner, come into the office at least three days a week. Although some come in four, or even five days, the investor hopes its new downtown Toronto offices will encourage people to spend more time on site.

It is also the type of premises that will help lure top talent to the pension fund, explains George Konidis, managing director, Real Estate & Workplace Transformation, OTPP, who led the dramatic renovation of the landmark building.

Since the pandemic, we have proved we can work effectively from home. And mandates that compel staff to show up more regularly at the office are often unpopular – although banks are taking a much tougher stance, stepping up enforcement of days required in the office.

Konidis believes OTPP’s new offices will boost human connection and creativity and show the office in a new light, bringing people together in a different way.

“Our new workplace experience fosters the need for collaboration, networking, mentoring and productivity,” he says.

“We have invested in our teams by providing a space that enables a successful workplace experience while also giving people the flexibility to work from anywhere.  We’re pleased with what we’ve achieved.”

Sponsored Content

Flexibility and choice

The emphasis on flexibility and choice in work styles stand out as one of the building’s key features. OTPP’s new offices have tech-enabled work seats, lounge seating, collaboration seating, meeting rooms, cafés, lounges, quiet rooms, focused workspaces and amenities to support individual needs in the workplace.

Staff can work in different workspaces to suit their individual business needs and workstyle preferences, he explains. “The aim is to further elevate well-being and productivity by providing spaces that match how people want to work and the type of work that they will be doing.”

A suite of technology tools and solutions give employees the ability to work effortlessly from anywhere in the office and the range of rooms are designed to improve meeting equity by making the experience the same for participants in person and online via new, hybrid first meeting experiences, says Konidis.

“When we made the decision to create a brand-new workspace and head office, we were looking at and planning how we could drive an elevated workplace experience. We are proud to have created a space that reflects our culture and emphasizes sustainability, inclusion and well-being and one that, we see, will motivate employees and increase productivity.”

The investment teams can use the conference level floor and meeting space “to dial-up the experience when they are hosting meetings and events,” says Konidis. “Having the ability to elevate the in-person experience, coupled with being centrally located in downtown Toronto, will certainly be beneficial.”

He adds that the new office will also help attract top talent.

“We see the in-office experience – especially when a physical space can reflect an organization’s culture and draw-in priority elements to our teams like wellness, sustainability, and amenities – playing a vital role in attracting and retaining talent.

We took the time to speak with employees and understand what they were looking for in a workspace. The outcome was an amenity-rich space with sustainability, inclusivity, wellness and flexibility embedded in its design.”

 

 

 

Leave a Comment

Rest Super’s selective approach to PE pays off as program comes of age

Rest Super’s selective approach to PE pays off as program comes of age

A concentrated bet on fewer, better GP relationships is paying off for one of Australia's largest superannuation funds. Built on selective manager and deal selection rather than a broad roster, the A$112 billion ($78 billion) Rest Super delivered private equity returns more than double the peer average last financial year, as the fund proactively courts top-tier PE firms instead of waiting to be approached.

Sort content by

Meaningful increases in value: BCI talks ESG uplift in private equity

ESG integration in BCI's $25 billion private equity portfolio produces meaningful, double-digit percentage increases in value through focusing on strengthening operational resilience, unlocking growth, and building more valuable businesses. A paper by BCI and Stanford University’s Long-Term Investing Initiative showcases the findings through case studies.

CalPERS board warned of risks in AI investments including China innovation

An investment banking expert has warned the CalPERS board of the risks inherent in AI, emphasising the importance of investors understanding how their exposure to AI is at risk because of Chinese competitors.

Risk 2.0 is better – let’s count the ways

In the final part of a column series exploring a new risk management framework, 'risk 2.0', WTW global head of portfolio strategy Jeff Chee outlines what investment professionals of the future need to understand about the commonalities of risk events and the resulting benefits of an interconnected risk mindset.

Dutch pension funds face tech reckoning, warns central bank

The Netherlands' Central Bank has warned the country's pension funds that their €150 billion ($177 billion) investments in tech companies, representing almost 43 per cent of their listed equities portfolios and 8 per cent of their total balance sheet, is at risk from a potential AI bubble.

Strong governance and new ideas central to Kevin Warsh ideology

Kevin Warsh’s strong views on economic governance, and his precocious nature, will hold him in good stead as he takes the reins of the US Federal Reserve. For investors, his views on the conflating of monetary and fiscal policy are key considerations to watch.

Cost, efficiency and less directs: AIMCo’s CIO spells out new strategy

AIMCo's new CIO Justin Lord explains why he is upbeat about investment opportunities and the fund manager's new governance after a tumultuous few years. Prioritising costs, efficiency and cutting back on direct investments in private equity, he articulates the opportunities ahead including in infrastructure and private credit.

Previous