Why Calgary's betting $450M it can convince owners of empty towers to change - News Summed Up

Why Calgary's betting $450M it can convince owners of empty towers to change


Almost half of that money, however, will go toward eliminating — hopefully — a good chunk of the vacant office space by converting it to residential or other uses. Telus Pension Master Trust became a sole owner of multiple properties downtown after its partner, Strategic Group, went into receivership. Click on the icons in the map below to see who owns or is thought to own various downtown properties and which ones might be redeveloped first. BCI alone has $25.5 billion worth of real estate assets under its management across Canada. Brookfield, the parent company of Brookfield Properties, has $210 billion worth of real estate assets under management across the world.


Source: CBC News May 26, 2021 11:00 UTC



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