| Bank of Nova Scotia’s landmark red tower in downtown Toronto has been sold for $1.27-billion, the highest price yet paid for a Canadian office building.
After several months on the market and rumours of international interest, Toronto’s Dundee Real Estate Investment Trust partnered with Calgary’s H&R Real Estate Investment Trust to buy the 68-storey tower. The building will be two-thirds owned by Dundee, with H&R holding the remaining interest...............................................Full Article: Source
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