O&Y Comes Home

On September 8th O&Y Properties Corporation completed its acquisition of First Place Tower Inc.—a TSE-listed company that owns the 2.7 million square foot 1 First Canadian Place office tower and retail complex in Toronto. Fasken Campbell Godfrey acted for O&Y, with the Fasken team including Jon Levin, Jon Holmstrom, Joel Binder and Jodi Katz. First Canadian Place was represented by McCarthy Tétrault’s Owen Johnson, Jay Hoffman, Sean Sadler and Naomi Morisawa de Koven and the senior debt lenders were represented by Paul Kennedy from Davies, Ward & Beck. Smith Lyons acted on the subordinated debt financing on behalf of CIBC Capital Partners. Lending and real estate matters were covered off by Paul Mantini, Lilly Wong and Martha McKinnon. Tina Woodside acted on the securities matters and associates Mark Travers and Simon Crawford rounded out the Smith Lyons team.