IE Staff
(October 27 – 16:45 ET) –
Oxford Properties Group Inc.,
the Ontario Municipal Employees
Retirement System and GE
Capital Canada Inc., reported
today that they have completed the
acquisition of the Royal Bank of
Canada’s Canadian real estate
portfolio, including the flagship
Royal Bank Plaza, for a total
purchase price of $827 million.
The Royal Bank portfolio
includes 33 properties with a
gross leaseable area of 4.9 million
square feet. The portfolio
comprises the following three asset
groups: Royal Bank Plaza,
office properties, Royal Bank Data
Centres.