15 Bloor Street West Toronto | Ontario the Offering
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15 BLOOR STREET WEST TORONTO | ONTARIO THE OFFERING CBRE Limited (“CBRE” or the “Advisor”) on behalf of Altavista the Property is soon expected to benefit from the construction of a Properties Inc. (the “Vendor”) is pleased to offer for sale 15 Bloor new multi-level flagship Apple store projected to anchor the retail Street West, Toronto (the “Property” or the “Site”) an elite high component of The One at 1 Bloor Street West – an 82 storey lux- street real estate opportunity situated at the heart of Toronto’s ury condominium development at the southwest corner of Yonge prestigious Bloor-Yorkville neighbourhood. Currently occupied by Street and Bloor Street West – immediately adjacent to 15 Bloor internationally renowned fashion retailer H&M, 15 Bloor Street Street West. Upon H&M’s lease term expiry, an investor is well po- West occupies one of the City’s most iconic and rapidly intensi- sitioned to dramatically leverage the benefits of this transformative fying locations at Bloor and Yonge Streets – the gateway to To- development and co-tenancy. ronto’s premium luxury retail corridor. Constructed in 2004 to an institutional standard featuring a soaring 3-storey seamless glass Leasable Area 19,465 sq. ft. curtainwall framed by architectural steel, 15 Bloor Street West com- Site Area 5,414 sq. ft. prises 19,465 sq. ft. of leasable area on a 5,414 sq. ft. site, boasting Frontage on Bloor 47 ft. approximately 47 feet of coveted frontage along the south side of Depth 108 ft. Bloor Street West. Storeys 3 Year Constructed 2004 Nestled among the world’s most notorious luxury retailers including Mortgage Financing Free and Clear Chanel, Cartier, Gucci, Dolce and Gabbana and Louis Vuitton, 2 15 BLOOR STREET WEST 1 A PREMIUM ASSET IN CANADA’S MOST PRESTIGIOUS NEIGHBOURHOOD 15 Bloor Street West occupies a prime location along Bloor Street’s ‘Mink Mile’. Anchoring the Bloor-Yorkville node, Toron- to’s Mink Mile provides residents and tourists with the country’s most prestigious selection of luxury and aspirational retailers demonstrating the highest net rental rates in Canada – well in excess of $300 per sq. ft. Home to some of Toronto’s most exclusive restaurants, galleries and boutiques, the Bloor-Yorkville node is also experiencing a dramatic intensification with a series of high end residential and retail uses in the immediate vicinity of 15 Bloor Street West destined to enhance the Prop- erty’s long term profile and positioning. 3 2 CENTRALLY LOCATED AT THE EPICENTRE OF A RAPIDLY TRANSFORMING NODE 15 Bloor Street West is enviably situated among some of Toronto’s most transformative development projects, welcoming a combination of new luxury residential towers and retailers. The development of One Bloor East and the pending devel- opment of The One at 1 Bloor Street West will continue to dramatically reshape the immediate skyline at Yonge and Bloor, providing an investor the opportunity to leverage a significantly intensified residential consumer base and roster of elite co-tenants including Apple. MANULIFE CENTRE RENDERING MANULIFE CENTRE RENDERING 4 15 BLOOR STREET WEST 3 TORONTO’S MOST EXCLUSIVE RESIDENTIAL DEVELOPMENT MARKET The Bloor-Yorkville node has experienced explosive residential intensification, with 33 condominium projects in various stag- es of development totaling more than 9,500 units. With an average sale price of $1,557 per sq. ft., these projects are set to infuse a distinctly refined consumer into the node within projects complemented by exceptional retail space to further fortify the dominance of this leading mixed use node. THE ONE RENDERING ONE BLOOR RENDERING 5 4 METICULOUSLY CONSTRUCTED TO A WORLD CLASS STANDARD 15 Bloor Street West provides a striking, modern retail presence capable of attracting the most discerning of international re- tailers. Spanning three levels above grade plus a retail lower level, the Property’s facade incorporates a seamless three-storey imported glass curtainwall framed by architectural steel. This universally coveted design is poised to meet the standards of the world’s leading luxury retailers over the long term. 6 15 BLOOR STREET WEST 5 EXCELLENT TENANT COVENANT WITH MATERIAL LEASING UPSIDE POTENTIAL 15 Bloor Street West is fully leased to H&M, one of the world’s most recognized and successful fashion companies. Based in Sweden, the H&M group maintains more than 4,500 retail locations in 68 markets worldwide. With sales of more than $223B in 2016 (SEK), the H&M group provides an investor with a premium covenant and the ability to increase rents upon expiration of the lease term in January 2020. 7 CBRE LIMITED 145 KING PETER D. SENST* STREET WEST President Canadian Capital Markets SUITE 1100 416 815 2355 TORONTO, ON [email protected] M5H 1J8 HILLEL L. ABERGEL* Executive Vice President 416 815 2324 [email protected] CASEY T. GALLAGHER* Executive Vice President 416 815 2398 [email protected] ARLIN MARKOWITZ* Senior Vice President 416 815 2374 [email protected] *Sales Representative This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. 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