Investors speculate with new Vancouver office tower

October 13, 2017 9:30 am


Three large Canadian institutional investors have linked with developer GWL Realty Advisors on the speculative build of a new 33-storey office tower, but the play looks like a safe bet in Canada’s second-tightest office market.

Ground was officially broken October 11 on Vancouver Centre II, a 371,000-square-foot Class AAA tower at 753 Seymour Street at the intersection of West Georgia Street. The new high rise is the next phase of the Vancouver Centre complex, which includes Scotia Tower and the Vancouver Centre Mall, which will both be linked to the Vancouver Centre II by an expansive lobby.

GWL Realty Advisors is developing the tower on behalf of the project owners: The Healthcare of Ontario Pension Plan, the Great-West Life Real Estate Fund, and London Life Real Estate Fund.

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