SITQ Purchases Deutsche Bank AG's Interest in Suburban Office Complex

Two entities controlled by SITQ purchased Deutsche Bank AG's 75 per cent interest in the Steeles Technology Campus, a 635,626 square foot campus style suburban office development located at 3381 Steeles Avenue East, 3389 Steeles Avenue East, 3900 Victoria Park Avenue and 4000 Victoria Park Avenue in Toronto, on August 2, 2005 for $98.4 million.

Deutsche Bank was represented by Stikeman Elliott LLP in Toronto with a team that included Eric Carmona and Corinne Pruzanski (commercial real estate) and Debbie Salzberger (competition). The purchasers were represented by Davies Ward Phillips & Vineberg LLP in Toronto with a team that included Greg Howard, Kent Beattie and Donald Stanbury (commercial real estate) and Mark Katz (competition).