Transactions - AUGUST 4, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Ponte Gadea enters Toronto with $235m buy

by Andrea Waitrovich

Spain-based Ponte Gadea is in contract to buy Renaissance Plaza, a 269,205-square-foot office property in Toronto, for $235.1 million. The sellers are joint venture partners Kevric, Cadim Inc. and PSP Investments. The acquisition is Ponte Gadea’s first Canadian property.

The 10-story office building has 27,010 square feet of street retail. Major tenants include Louis Vuitton, Tiffany and HSBC.

Since 2001, Ponte Gadea has made $5.9 billion in acquisitions, targeting retail and office space in the United States, Spain and the United Kingdom.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy