The three companies have partnered to purchase the Dynamic Funds Tower for about C$475 million ($358 million), said the people, who asked not to be identified because the matter is private. GWL Realty Advisors Inc., OPTrust, and Investors Group Inc. are in talks to buy a tower in Toronto’s financial district from Oxford Properties Group Inc and Canada Pension Plan Investment Board, according to people familiar with the matter. Representatives for GWL, a unit of Great-West Lifeco Inc., OPTrust, which manages pensions of Ontario public servants, Investors Group, a unit of IGM Financial Inc., declined to comment. Canada Pension Plan and Oxford, the real estate unit of Canadian pension fund OMERS, also declined to comment. Toronto-based OPTrust is headquartered in the Dynamic Funds Tower, at the corner of Yonge and Adelaide Streets.

Source: thestar November 29, 2018 19:18 UTC