As part of a group of investors, the OPSEU Pension Trust is entering into a long-term leasing transaction with Google.

The agreement will see the technology company lease 400,000 square feet of Toronto office space at 65 King St. East in 2021. The move will allow Google to consolidate its current Greater Toronto Area offices into one location.

“At OPTrust, our focus is the security and stability of our members’ retirements and we invest and manage our portfolio in alignment with those long-term interests,” said Rob Douglas, managing director of real estate investments at OPTrust, in a press release. 

Read: Getting to know OPTrust’s new president and CEO Peter Lindley

“As one of the world’s leading technology companies, Google is also focused on the future, and we are thrilled to have reached a long-term commitment on their new Toronto headquarters.”

The office building is owned by Carttera Management Inc., with co-investments from the OPTrust, the Manitoba Civil Service Superannuation Board and the Investment Management Corp. of Ontario.

Copyright © 2020 Transcontinental Media G.P. Originally published on benefitscanada.com

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