Minto Capital partners with LaSalle on Minto Place Complex in Ottawa

Minto Capital Management has entered a partnership with LaSalle Investment Management in the ownership of Minto Place, its downtown Ottawa office complex.

The transaction includes three office towers comprising 945,030 square feet of leasable retail and office space and 1,055 parking stalls.

Minto Capital, Investors Group and LaSalle will each hold a one-third interest in Minto Place. Minto will continue to oversee property management and leasing for the complex. The transaction does not include 185 Lyon Street, the multi-residential tower that shares the same city block.

The LaSalle entity investing in Minto Place is the firm’s flagship open-ended core fund in Canada, LaSalle Canada Property Fund.