TransLink's corporate headquarters are moving from Metrotown to New Westminster's Brewery District.

The Transit Police will also be sharing the space in a move that will save the company more than $430,000 over current costs, according to TransLink spokesperson Ken Hardie.

TransLink has been looking for a new spot for the past two years, as the company's lease at Metrotower I is due to expire in January 2013.

"There was an urgent need to relocate the Transit Police," Hardie said, adding that the policing facilities are in two separate buildings. "We looked at the efficiencies of co-locating."

TransLink looked at about 17 locations, taking into account how close each was to a SkyTrain station, and other aspects such as resident and employment density in each area.

Metrotown was a good location based on these specifications, but so was Sapperton, Hardie said.

The timing worked well, as it is currently a tenants' rental market for office space on both cities, he added.

TransLink is relocating to a development being built by the Wesgroup Properties in Sapperton, in early 2013.

A building under construction on East Columbia Street is set to house Thrifty Foods and TD Canada Trust. TransLink will be located nearby. The building for the new headquarters is not yet under construction.