Metro Toronto Convention Centre sold to Oxford
The landmark Metro Toronto Convention Centre Complex was put up for sale by Canada Lands Company CLC Limited, an opportunity that generated significant interest from a domestic and global investor audience, attracted to the opportunity to acquire three distinct asset components comprising an entire city block in Canada’s largest and most economically significant metropolitan area.
Situated on 7.41 acres along the south side of Front Street West in the heart of Toronto’s downtown core, the 1.95 million square foot Complex was purchased by Oxford Properties Corporation for $237.4 million, for which they received:
- The InterContinental Toronto Centre, a 586-key hotel directly integrated with the Metro Toronto Convention Centre;
- The Metro Toronto Convention Centre North Building;
- 277 Front Street West — a 265,119-sq.-ft. Class ‘A’ office tower occupied by tenants in Public Works Government Services Canada and the Royal Bank of Canada.