Among first tenants in iconic new building
TORONTO, Oct. 24, 2018 (GLOBE NEWSWIRE) --
AGF Management Limited (AGF) is pleased to announce plans to relocate AGF’s downtown Toronto office to CIBC SQUARE.
AGF will occupy 97,000 square feet on the 38th, 39th and 40th floors at 81 Bay Street, the first tower of the project, which is currently under construction by Ivanhoé Cambridge and Hines.
“We have spent the last two years researching our options in the downtown core to ensure our office continues to represent our legacy of innovation,” said Blake Goldring, Chairman and Chief Executive Officer, AGF. “Knowing that this move represents significant change, we sought a location that would meet the needs of our business and our employees both today and well into the future.”
CIBC SQUARE will feature two buildings and a one-acre elevated park at the fourth-floor level, which will span over the rail corridor between the two buildings. Phase 1 of CIBC SQUARE at 81 Bay Street is scheduled for completion in 2020. Phase 2 at 141 Bay Street and the elevated park will be completed in 2023.
CIBC SQUARE will be a 2.9 million-square-foot urban office campus, providing its occupants with market-leading amenities and an iconic design, while being strategically located at the confluence of all major transit channels in the heart of downtown Toronto.
“On behalf of Ivanhoé Cambridge and Hines, we are delighted to welcome AGF to 81 Bay Street. AGF has an impressive 60 year history in downtown Toronto and we’re absolutely honoured that they have chosen CIBC SQUARE as their new home to thrive for many years to come. AGF joins a growing roster of leading companies that have chosen to make CIBC SQUARE their location of choice,” said Jonathan H. Pearce, Executive Vice President, Leasing, Office & Industrial, North America, Ivanhoé Cambridge.
Open floor plans and the most up-to-date building systems will enable tenants to optimize the footprint and new technologies. CIBC SQUARE will seek LEED Platinum Core & Shell certification, WELL Certification and WiredScore Platinum accreditation.
“AGF is thrilled to be joining other world class firms and innovative organizations as the first tenants in this transformative project,” Goldring added. “We believe the building’s WELL certification will contribute to the overall health of our employees alongside a continued consideration of reducing our organization’s environmental impact through the building’s LEED Platinum Core & Shell certification.”
ABOUT AGF MANAGEMENT LIMITED
Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. AGF brings a disciplined approach to delivering excellence in investment management through its fundamental, quantitative, alternative and private client businesses focused on providing an exceptional client experience. AGF’s suite of investment solutions extends globally to a wide range of clients, from financial advisors and individual investors to institutional investors including pension plans, corporate plans, sovereign wealth funds and endowments and foundations.
AGF has investment operations and client servicing teams on the ground in North America, Europe and Asia. With nearly $39 billion in total assets under management, AGF serves more than one million investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.
Media Contact
Amanda Marchment
Director, Corporate Communications
416-865-4160
amanda.marchment@agf.com
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.
Vertically integrated in Canada, Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,000 buildings, primarily in the residential, office, retail, industrial and logistics sectors. Ivanhoé Cambridge held more than C$60 billion in assets as at June 30, 2018 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
Ivanhoé Cambridge Public Affairs
Media line: +1 866 456-3342
media@ivanhoecambridge.com
About Hines
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 207 cities in 24 countries. Hines has approximately $116.4 billion of assets under management, including $64 billion for which Hines provides fiduciary investment management services, and $52.4 billion for which Hines provides third-party property-level services.
The firm has 109 developments currently underway around the world. The firm’s current property and asset management portfolio includes 527 properties across a wide range of sectors, representing more than 224 million square feet.