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I wouldn't be a bit surprised to see a new development proposal in the near future for this assembled property
Oxford, CPPIB sell Dynamic Funds Tower complex
The property, previously owned by Oxford Properties Group and the Canada Pension Plan Investment Board (CPPIB), includes: Dynamic Funds Tower at 1 Adelaide St. East, a 30-storey LEED Gold-certified office tower; 20 Victoria St., a nine-storey boutique office building; and 85 Yonge St., a three-storey retail building.
GWL Realty Advisors, the fund manager for both GWL and London Life, facilitated the partnership for the transaction.
Rumours of the pending sale were first reported by BNN Bloomberg in November, at which time it said the sale price would be approximately $475 million. No financial details have been released by the purchasers.
More................ https://renx.ca/oxford-cppib-sell-dynamic-funds-tower-complex/
Oxford, CPPIB sell Dynamic Funds Tower complex
The property, previously owned by Oxford Properties Group and the Canada Pension Plan Investment Board (CPPIB), includes: Dynamic Funds Tower at 1 Adelaide St. East, a 30-storey LEED Gold-certified office tower; 20 Victoria St., a nine-storey boutique office building; and 85 Yonge St., a three-storey retail building.
GWL Realty Advisors, the fund manager for both GWL and London Life, facilitated the partnership for the transaction.
Rumours of the pending sale were first reported by BNN Bloomberg in November, at which time it said the sale price would be approximately $475 million. No financial details have been released by the purchasers.
More................ https://renx.ca/oxford-cppib-sell-dynamic-funds-tower-complex/
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