GWL Realty Advisors adds 5 Park Home Avenue to its Managed Portfolio in Toronto’s North Yonge Corridor
July 5, 2018
GWL Realty Advisors today announced the acquisition of 5 Park Home Avenue in North York, one of the largest office submarkets within the Greater Toronto Area. The acquisition was completed on behalf of the Great-West Life Real Estate Fund and the London Life Real Estate Fund.
“This property is well located and is complementary to our existing assets in the area” explains Paul Finkbeiner, President, GWL Realty Advisors Inc. “We currently manage more than 1.6 million square feet in and around the North York Centre.”
The 91,000-square foot acquisition strategically completes the ownership of the 1.1 million square foot North York Centre, a best in class, transit oriented mixed-use complex. Key features of the project include a direct connection to the North York Centre TTC Station, 1.03M square feet of office space, 76K square feet of amenity retail space and a 260-suite hotel.
GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects.