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Briefing

Cadillac Fairview purchases 38-acre East Harbour development near Toronto’s eastern waterfront

The company will acquire 100 per cent ownership from First Gulf and its partners, Cowie Capital Partners and Northglen Investments. The deal is expected to close on September 25. (The Logic)

Briefing

Cadillac Fairview purchases 38-acre East Harbour development near Toronto’s eastern waterfront

By Amanda Roth
Sep 13, 2019
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The company will acquire 100 per cent ownership from First Gulf and its partners, Cowie Capital Partners and Northglen Investments. The deal is expected to close on September 25. (The Logic)

Talking point: Toronto city council approved the East Harbour Master Plan, which includes 10 million square feet of commercial space, in 2018. The development is located east of Waterfront Toronto’s Quayside and north of the larger, Sidewalk Labs-proposed IDEA District. Its new owner, Cadillac Fairview, is a wholly owned subsidiary of the Ontario Teachers’ Pension Plan, with whom Sidewalk Labs and its parent firm Alphabet recently announced a joint infrastructure holding company, called Sidewalk Infrastructure Partners.

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