Pension Funds Drop $189M On Edmonton Office, Warehouses

Law360, New York (December 16, 2013, 5:38 PM EST) -- Two Canadian pension clients of Morguard Investments Ltd. have purchased two Class A assets — one office and one industrial — in Edmonton, Alberta, for more than CA$200 million ($189 million) in total, Morguard announced Monday.

Morguard acquired the 372,000-square-foot Class A office tower on behalf of the Healthcare of Ontario Pension Plan and another pension fund client, and the 544,000-square-foot portfolio of five industrial properties on behalf of MIL Industrial Fund II LP and another pension fund client.

The deals represent recent growth in Edmonton...
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