GWL Realty Advisors Purchases City Centre Plaza

GWL Realty Advisors Inc., on behalf of its institutional clients, recently completed the purchase from City Centre Plaza Ltd. of City Centre Plaza in Mississauga for a purchase price of $90,300,000. City Centre Plaza is a 16-storey Class A office building containing approximately 287,684 square-feet of rentable area, together with adjacent development land. Its principal tenants include Praxair Canada, Deloitte and CIBC. The transaction closed on August 17, 2007.

GWL Realty Advisors Inc. is one of Canada's leading real estate investment advisors, providing comprehensive asset, property and development management and specialized real estate services to pension funds and institutional clients.

GWL Realty Advisors Inc. was represented in the transaction by Blake, Cassels & Graydon LLP. The Blakes team was led by Chris Huband, with assistance from Craig Thorburn and Maurizio Romano (competition matters) and Daniel Kofman, Ann McKay and Beth Collins (real estate).

Redcliff Realty Advisors Inc. is a leading Canadian real estate investment advisory firm, acting on behalf of Canadian pension funds and other investors providing acquisition, disposition and portfolio and asset management services. The Redcliff team was directed by Patrick Lai and Frank DelVescovo.

Redcliff Realty Advisors, Inc., on behalf of the vendor, was represented in this transaction by Fraser Milner Casgrain LLP. The FMC team was led by Ron Goldenberg, Andrea Centa and Steven Pavlides (real estate), Kelly Griffin (corporate) and Susan Paul (competition).
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