Saturday, May 2, 2015

CBC leasing out part of its Toronto HQ

Allied Properties REIT has signed a deal to lease a portion of the building that houses CBC’s head office in Toronto and plans to spend US$30-million to upgrade the property before renting the space to other clients, the Financial Post reports.
The real estate trust said Friday the 49-year agreement includes 168,000 square feet at the Canadian Broadcast Centre. It’s at 250 Front St. W. in downtown Toronto, near the Rogers Centre sports stadium and landmark CN Tower.
Allied said the space will be marketed to telecommunications and technology clients due to its proximity to the trust’s property at 151 Front St. West, where a key Internet hub for North America is located.

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