News

23 Aug 05

HBEW Integrated into practice of IBI Group

Effective September 1, 2005, Hancock Brückner, Eng + Wright announced the integration of its practice within IBI Group. The practice of HBEW continues with all the former principals, managers and staff under the name IBI/HB Architects.

Jim Hancock, Senior Partner of HBEW, commented that “the integration of our practice within IBI Group will enable us to continue to extend our reach and design projects throughout North America and beyond, while maintaining quality control and benefiting from the network of IBI offices and its capable professionals in the various areas in which we seek to practice.”

Martin Bruckner, Senior Partner of HBEW commented that “integrating with IBI Group will provide the additional professional resources to ensure that as HBEW’s scope of practice grows within IBI Group it will continue to meet professional obligations, time deadlines and the demands of its expanding clientele.”

David Thom, Managing Director of the Urban Land and Building Practices of IBI Group commented that adding “HBEW’s experience in high rise condominium design to IBI’s current work in residential community design across Canada, California and other sunbelt states of the United States is a perfect complement to IBI’s current work in urban design, residential community design, landscape design, transportation and transit oriented development, traffic and civil engineering, as well as the architectural design of grade related low and medium density housing.”

Phil Beinhaker, Chairman Director and CEO of IBI Group noted that “this acquisition and integration of the HBEW practice is a model example of IBI moving forward the program of growth which was the objective of the Fund’s initial public offering (IPO) of last year. We anticipate that the integration of HBEW will be synergistic and enrich the existing practice of IBI. The integration of Jim Hancock, Martin Brückner, Alan Woolf, and Jeff Christenson, along with HBEW’s total complement of 47 professional staff, and their outstanding reputation will enhance IBI Group’s service to its clients.”

For further information contact:

Philip H. Beinhaker
IBI Income Fund
230 Richmond Street West
Toronto, Ontario M5V 1V6
Telephone: 416-596-1930

Full text of news release can be found at: www.ibigroup.com