Mayor off to Spain to save Iberdrola HQ
By Erik Siemers, Business Journal staff writer
Business Journal staff writer
Portland Mayor Sam Adams will travel to Spain on Thursday on a mission to convince the parent company of Iberdrola Renewables to keep its North American headquarters in Portland.
The massive renewable energy development company has outgrown the Brewery Blocks offices and six months ago issued a request for proposals seeking new digs for its local staff of around 350.
City officials, however, became concerned after learning that in recent months Iberdrola's Spanish parent, Iberdrola Renovables S.A., decided the U.S. headquarters decision would be better made in Spain rather than in Portland.
After meeting with Iberdrola officials last week, Adams came away believing a decision was imminent and that the city should reach out directly to executives in Spain, said Scott Andrews, chairman of the Portland Development Commission, who will accompany Adams on the last-minute trip.
“If (the decision) was going to be made here, I would have zero worry,” Andrews said. “The fact that it’s not being made here, I’d love to be able to go talk with the decision makers and make sure there isn’t a problem with this as their headquarters.”
Iberdrola spokeswoman Jan Johnson confirmed that the company has been searching for new space.
Iberdrola, formerly known as PPM Energy, relocated from the Lloyd District to the M Financial building in the Pearl District’s Brewery Blocks section in 2003.
It initially took up the building’s seventh floor and part of the sixth, before expanding to take up all of the sixth floor, part of the fourth and last year moved its operations group into a separate building in the Brewery Blocks after running out of space.
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