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....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.