The second phase of a Toronto office property that was co-developed by the real estate arm of the Caisse de dépôt et placement du Québec is fully leased.
The CIBC Square development, which opened in 2021, includes tenants such as the Business Development Bank of Canada, the Canadian Imperial Bank of Commerce and Microsoft Corp. In addition to the Caisse, the National Pension Service of Korea and real estate investment manager Hines are also involved with the project.
“From the very beginning, we set out to create a transit-integrated workplace that elevates the tenant experience through intentional design, strong sustainability commitment and a people-centric approach,” said Rana Ghorayeb, executive vice-president and head of real estate at the Caisse, in a press release.
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In other news, three of the Healthcare of Ontario Pension Plan’s portfolio properties have achieved the Canadian Green Building Council’s zero-carbon design or performance standard certification.
The properties include a mixed-use development and an office tower in Vancouver and a logistics and industrial campus in Cambridge, Ont. The framework is designed to prioritize both energy and carbon performance, offering pathways to certification for both new and existing buildings, according to a press release.
“The journey to zero carbon is not without its challenges, but the HOOPP’s progress to date highlights that strategic opportunities do exist and, when acted upon, can strengthen the resilience of our portfolio,” the organization said in the release.
Read: HOOPP willing and ready to invest in Canadian infrastructure needs: CEO