Blakes Helps Canada Pension Launch $295M Office Project

Law360, New York (December 1, 2011, 1:46 PM EST) -- One of Canada’s largest pension plans, Healthcare of Ontario Pension Plan, has bought 33 acres in a business park near Toronto from Cannonfield Inc. for a planned CA$300 million (US$295 million) office and retail complex, real estate services company Avison Young Inc. announced Thursday.

HOOPP, which oversees retirement benefits for hospital employees and manages a CA$35 billion fund, snapped up the land in the Airport Corporate Center for an undisclosed price. The buyer intends to construct seven office buildings and numerous restaurants, according to the statement....
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