Syndicate purchases Winnipeg office building at 201 Portage Avenue

A syndicate composed of pension fund asset manager, Greystone Managed Investments Inc., and property owner, developer and manager, Harvard Developments Inc. completed the purchase of the office building at 201 Portage Avenue, located at the corner of Portage and Main, at a price that made it the largest office building real estate transaction in Winnipeg history. The purchase also included the parkade and the vacant site next to the office tower.

The office building is home to tenants RBC Dominion Securities, MNP LLP, and Thompson Dorfman Sweatman LLP.  

Harvard Developments Inc. will manage the property. Financing was provided by Winnipeg-based Great-West Life.

The purchasers were represented by Thompson Dorfman Sweatman LLP  with a team including Rick Adams, Albina Moran, Erika Robson and Catherine Hamilton.

The vendor, Asper Tower Inc., was represented by Jody Langhan, Delaney Vun and Maria Penner of Fillmore Riley LLP.  Tim Dewart and Iain Mc-Donald of Fillmore acted for the lender, The Great-West Life Assurance Company.