DOCSLIB.ORG

2017 Year in Review Canadian Real Estate Investment Banking 2017 Canadian Real Estate Year in Review

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
2017 Year in Review Canadian Real Estate Investment Banking 2017 Canadian Real Estate Year in Review 2017 Year in Review Canadian Real Estate Investment Banking 2017 Canadian Real Estate Year in Review Table of Contents Introduction 1 Economic Outlook 2 Equity Market Commentary 3 Equity Market Capitalization 5 M&A Market Commentary 7 Bank Market Commentary 8 Real Estate Public Debt Market Commentary 9 “Current pricing of Canadian REITs reflects discounts to Property Transactions 11 fair value for investors with 2017 Year-End Monitor 15 a long-term horizon; but also Public Real Estate Trading Performance 19 captures the potential for 2017 Leadership in Real Estate Investment Banking 25 near-term volatility.” Dean Wilkinson Executive Director, Equity Research CIBC World Markets Inc. the greatest volume of transactions with $8.7 billion or 47% of Introduction the total transaction volume. This transaction volume included a number of core, marquee office trades in Toronto, Vancouver and Chris S. Bell & Mark G. Johnson Montreal. Overall there was a shift in focus to urban, core real Co-Heads & Managing Directors, estate across the entire real estate sector in 2017 with a number Real Estate Investment Banking of public and private entities announcing dispositions of non-core assets. While some of these non-core dispositions occurred in 2017, it is expected that additional transactions will be completed What Happens Next in 2018. 2017 was a positive year for Alberta, where, after a 2017 was a relatively stable year notwithstanding the Bank number of quiet years, transaction volume increased to over of Canada’s decision to raise interest rates for the first time in $1.2 billion. While still small when compared to peak transaction seven years. The S&P/TSX REIT Index was up slightly for the volumes observed in 2012 at $3.4 billion, these trades represented year, cap rates remained constant at historic lows, transaction the first material Alberta transactions in over two years. volumes continued to increase and access to capital for real 2017 also saw a pick-up in public M&A activity in the Canadian estate investments remained abundant. Only time will tell if these real estate sector with total volume of $10.9 billion compared to market dynamics will continue to hold in 2018 and what impact, if $2.1 billion in 2016. There were three sizable transactions in 2017: any, will be observed by the expectation of rising interest rates. the privatization of Milestone Apartment REIT by the The Bank of Canada overnight interest rate rose twice in 2017 Starwood Capital Group; the acquisition of Brookfield Canada from 50 bps to 100 bps. As at the publishing of this document, Office Properties by Brookfield Property Partners LP; and, the the Bank of Canada has already raised the overnight interest acquisition of OneREIT by SmartCentres REIT and Strathallan rate once in 2018 to 125 bps, the highest level seen since 2009. Capital Corporation. After declining in the first half of the year from 1.721% to 1.393%, As we enter 2018, the convergence of both positive and the 10-year Government of Canada ("GOC") bond yield rose to concerning trends leaves the market uncertain. Corporate profit close the year at 2.045%. Despite this movement in interest rates, margins remain strong, overall global growth remains positive, Canadian real estate equities delivered solid performance during and the recently announced U.S. tax reform should spur economic 2017, with the large-cap weighted S&P/TSX REIT Index rising 4% growth south of the border. However, the impact of concerning and achieving a total return of 10% over the calendar year. trends such as stagnant wage growth, relatively depressed oil In terms of capital raises, the beginning of 2017 had similar and gas prices, and the uncertainty surrounding the NAFTA strength to the end of 2016 with $5.0 billion raised in the first half negotiations remain unclear. Further, heightened geopolitical risk of the year for public real estate investment trusts ("REITs") and from the Middle East and Korean Peninsula and the fact that the real estate operating companies (“REOCs”). Although new issue current growth cycle is one of the longest on record, continue activity slowed in the second half of the year with $3.3 billion to weigh on the economy. How these forces will impact federal raised, 2017 still ranked as the third largest year of total capital bankers’ actions and the real estate sector in 2018 remains raised over the past 10 years with $8.3 billion. This was only 10% unclear, but they will undoubtedly create opportunities in the less than the highest year on record-2012, when $9.4 billion was marketplace. raised. By way of additional comparison, $6.9 billion was raised in As always, we thank you for your business and we look forward to 2016 and $5.4 billion in 2015. working with you and your colleagues on the opportunities ahead. The Canadian property market remained active in 2017 with total transaction volume of $18.4 billion, a significant increase over the $11.4 billion of volume seen in 2016. The office sector experienced S&P / TSX Capped REIT Index One-Year Price Performance S&P / TSX Capped REIT Index 10-Year Price Performance 110 110 150 150 125 125 105 105 100 100 17 = 100 - 08 = 100 - 75 75 Jan 100 100 - Jan 1 - 1 50 50 95 95 25 25 Jan-17 Mar-17 May-17 Jul-17 Sep-17 Nov-17 Jan-08 Jan-10 Jan-12 Jan-14 Jan-16 Source: Bloomberg. Source: Bloomberg. CIBC 2017 Canadian Real Estate Year in Review | 1 year and a similar move in 2019. That reflects the increased Economic Outlook sensitivity of a more indebted household to higher rates and the fact that, in contrast to the U.S., mortgages are not Avery Shenfeld locked in for 30 years. Chief Economist, CIBC World Markets Inc. Moreover, unlike the U.S., where fiscal and regulatory policy changes will be stimulative, Canada faces a drag from tighter mortgage policies, the loss of a prior corporate tax The Peter Pan Expansion advantage vs. the U.S., and the uncertainties following what we expect will be a breakdown in NAFTA talks this spring. Like Peter Pan, this global expansion seems to be staying So while real estate equities will face the challenge posed young forever, as some of the usual signs of old age and by rising short and long terms rates, a factor that has seen recession risks – a material heating up in inflation, sharply the sector underperforming the TSX in the last six months, higher interest rates – are as yet not in sight. That gives rate hikes could end up being less than has been priced-into economic growth, both globally and in North America, some expectations as of early this year. rein to continue in 2018. But in Canada, odds are that the gains will come with less vigor than what we saw in our G-10 The retail sector starts 2018 with the benefit of a household leading performance in 2017. sector that has been well armed with labour income from recent job gains and some firming in pay scales. But we are To some extent, Canada will be a victim of its own success. In coming off a year of upside surprises in consumption that the U.S., employment as a share of the prime-age population rested on an acceleration in credit usage and a lower savings is still well below the prior cycle’s peak, leaving room for rate. Nominal retail sales looked to have tracked close to tax cuts to fuel a slightly faster 2.5% growth rate in 2018. 7% growth last year (with November-December data not yet The Fed will still be tightening policy, with our forecast for a available), but the squeeze from higher interest rates and the total of 75 bps in rate hikes aimed at moderating growth by need to replenish savings could cut that to under 4.5% this 2019, when the U.S. will be closing in on full employment. In year. Canada, the labour market has more than eclipsed the prior cycle’s employment rates, suggesting a cap on growth just Housing starts had a banner year in 2017, and a roughly 10% above 2% this year, after a roughly 3% 2017 pace. deceleration in 2018 would still leave activity at an elevated level. Much of what is underway entails the construction of That is still a decent performance, one that will help fill up condos sold some time ago. Look for a slower pace to new offices, generate revenue gains for retailers, and support sales under tighter mortgage regulations and higher rates home building to meet demand in what are still tight to bring a further construction slowdown in 2019. Price markets in major centres. The issue for real estate activity momentum has eased in the Greater Toronto Area, as it had and valuations is the extent to which the moderation in earlier in Greater Vancouver in response to policy measures, growth will come from higher interest rates, as opposed to but rental demand is still strong in these major centres. other headwinds. To the relief of the rate-sensitive real estate sector, a moderation in growth could be realized with a small dose of policy tightening, perhaps as little as an overall 50 bps this 2017 – Canada / U.S. Exchange Rate 2017 – 10-Year Government of Canada Bond Yield 1.40 1.40 2.2% 2.2% 2.0% 2.0% 1.30 1.30 1.8% 1.8% 1.6% 1.6% 1.20 1.20 1.4% 1.4% 1.10 1.10 1.2% 1.2% J F M A M J J A S O N D J F M A M J J A S O N D Source: Bloomberg.
Load more

Recommended publications
  • Breathing Life Back Into Yonge St
    JARVIS AND CHARLES SHERWAY GARDENS Move in ONLY 5% DOWN ONLY 5% DOWN UP TO $10,000 OFF* UP TO $20,000 CASH BACK** x2condos.com onesherway.com this year. Man cave makeover A pool table and ‘wine bar’? *$10,000 discount on select suites. **$20,000 cash back on select suites. Limited time offer. Subject to change or withdrawal without notice. See sales agent for details. Exclusive listing, Baker Real Estate Incorporated, Brokerage. Brokers protected. All illustrations are artists’ concept. Prices, sizes and specifications subject to change without notice. E.&O.E. Yes, says Glen Peloso, H11 IN HOMES CONDOS NEW SATURDAY, APRIL 26, 2014 SECTION H EA ON2 Breathing life back into Yonge St. RYAN STARR SPECIAL TO THE STAR Canada’s tallest condo among projects revitalizing Toronto’s main, historic street Aura is changing the way we view our city. The 78-storey megatower, nearing com- pletion on the northwest corner of Yonge and Gerrard Sts., has fast become one of Toronto most recognizable landmarks. “You notice it from the 401and Dufferin, or coming down the DVP,” notes Barry Graziani, the architect whose firm Grazia- ni & Corraza designed Aura, Canada’s tall- est residential building. “It reorients you — there’s the financial district and then there’s Aura farther north. It’s expanding our sense of the city and the downtown core.” Visible from across the GTA, the building also proudly signals that the once-gloomy stretch of Yonge between Gerrard and College Sts. has suddenly become a big deal. Indeed, Aura, developed by Canderel Residential, has helped spur a transforma- tion of the area, a historic part of the city that had fallen into disrepair over the years.
    [Show full text]
  • One Yonge: a Case Study for Complete Vertical Communities
    ctbuh.org/papers Title: One Yonge: A Case Study for Complete Vertical Communities Author: David Pontarini, Principal, Hariri Pontarini Architects Subjects: Architectural/Design Urban Design Keywords: Economics Urban Planning Publication Date: 2016 Original Publication: Cities to Megacities: Shaping Dense Vertical Urbanism Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / David Pontarini One Yonge: A Case Study for Complete Vertical Communities 央街一号：垂直社区一例 Abstract | 摘要 David Pontarini 大卫 庞特里尼 Principal | 创始人、合伙人 The City of Toronto is experiencing rapid growth, with the second largest concentration of high-rise buildings under construction in North America, surpassing Chicago and coming in Hariri Pontarini Architects Hariri Pontarini建筑师事务所 just under New York City. Provincial strategies have encouraged this intensification, including areas like the Yonge Street Corridor. This paper outlines the narrative of the One Yonge project by Toronto | 多伦多 Hariri Pontarini Architects (HPR), which is located at the foot of Toronto’s Yonge Street. The five- David Pontarini, Founding Partner of Hariri Pontarini Architects (HPA), focuses on building better cities through quality urban tower, mixed-use development has a footprint of 26,996 square meters, with its tallest structure developments that channel the best aspects of their site and rising to a height of 303 meters. One Yonge is being developed as part of a larger precinct plan program into finely executed architectural and public realm designs. Over the past 30 years, he has built an award-winning organized by the City and Waterfront Toronto.
    [Show full text]
  • Planning & Urban Design Rationale
    DRAWING NOT TO BE SCALED Contractor must check and verify all dimensions on the job and report any discrepancies to the architect before proceeding with the work. 11 YORKVILLE AVENUE This drawing shall not be used for construction purposes until signed by the consultant responsible. This drawing, as an instrument of service, is provided by and is the property of REZONING AND SPA APPLICATION Sweeny & Co. Architects. ISSUED / REVISED NOV 28,17 ISSUED FOR REVIEW JAN 16,18 ISSUED FOR REVIEW JAN 26,18 ISSUED FOR COORDINATION MAR 02,18 ISSUED FOR COORDINATION MAR 21,18 ISSUED FOR REVIEW MARCH 18 PLANNING 11–21 YORKVILLE AVENUE & & URBAN 16–18 CUMBERLAND STREET DESIGN CIT Y O F TORONTO RATIONALE PREPARED FOR: 11–21 Y ORKVILLE P ARTNERS I NC . List of Drawings A000 Cover Page A001 Development Statistics A002 Development Statistics A003 Zoning Gross Floor Area Bylaw 569-2013 Building A A004 Zoning Gross Floor Area Bylaw 569-2013 Building A A005 Zoning Gross Floor Area Bylaw 438-86 Building A 134 PETER STREET | SUITE 1601 A006 Zoning Gross Floor Area Bylaw 438-86 Building A TORONTO, ONTARIO | M5V 2H2 | CANADA P: 416-971-6252 | F: 416-971-5420 A007 Zoning Gross Floor Area Building B E: [email protected] | www.sweenyandco.com A008 Survey A100 Site Plan PROJ. NAME A101 P4 Floor Plan A102 P3 Floor Plan Mixed-Use A103 P2 Floor Plan Development A104 P1 Floor Plan le_Central_mahtabEHFF9.rvt 11-21 Yorkville Avenue, A105 Concourse Floor Plan 16-18 Cumberland Street A106 Ground Floor Plan A107 Ground Floor Mezzanine Floor Plan OWNER A108 Second Floor Retail Plan A109 3rd Floor Plan - Amenity 11 Yorkville Partners A110 4th Floor Plan - Amenity Inc.
    [Show full text]
  • The Study of Parametrics for Contextually Responsive High Rise Design
    FRAMEWORK FOR DESIGN: THE STUDY OF PARAMETRICS FOR CONTEXTUALLY RESPONSIVE HIGH RISE DESIGN by Nicholas Caron Submitted in partial fulfilment of the requirements for the degree of Master of Architecture at Dalhousie University Halifax, Nova Scotia November 2011 © Copyright by Nicholas Caron, 2011 DALHOUSIE UNIVERSITY SCHOOL OF ARCHITECTURE The undersigned hereby certify that they have read and recommend to the Faculty of Graduate Studies for acceptance a thesis entitled “Framework For Design: The Study Of Parametrics For Contextually Responsive High Rise Design” by Nicholas Caron in partial fulfilment of the requirements for the degree of Master of Architecture. Dated: November 24, 2011 Supervisor: Reader: Reader: ii DALHOUSIE UNIVERSITY Date: November 24, 2011 AUTHOR: Nicholas Caron TITLE: Framework For Design: The Study Of Parametrics For Contextually Responsive High Rise Design DEPARTMENT OR SCHOOL: School of Architecture DEGREE: MArch CONVOCATION: May YEAR: 2012 Permission is herewith granted to Dalhousie University to circulate and to have copied for non-commercial purposes, at its discretion, the above title upon the request of individuals or institutions. I understand that my thesis will be electronically available to the public. The author reserves other publication rights, and neither the thesis nor extensive extracts from it may be printed or otherwise reproduced without the author’s written permission. The author attests that permission has been obtained for the use of any copyrighted material appearing in the thesis (other than brief excerpts requiring only proper acknowledgement in scholarly writing), and that all such use is clearly acknowledged. Signature of Author iii CONTENTS Abstract ............................................................................................................... vi Acknowledgements ........................................................................................... vii CHAPTER 1: INTRODUCTION ............................................................................
    [Show full text]
  • 55C-Brochure-1.Pdf
    Unconventional. Unexpected. Unique. 55 Charles reflects its celebrated surroundings. Standing tall in the heart of Bloor Yorkville, the city’s most fashionable neighbourhood, its soaring presence makes a grand statement. A symbiotic collage of design and luxury. Calm and convenience. Style and sophistication. 55 Charles addresses every little detail of life in a big city. Its thoughtfully designed suites, fabulous amenities, divine features and sublime finishes, blend seamlessly to provide a holistic and harmonious living experience. A place that lets you live life your way. Make it yours. Make it yours. THE CITY’S MOST ELEGANT ARCHITECTURE Modern. Distinct. Alluring. Poetry of undulating planes juxtaposed on a dramatic pinstriped vertical façade. 55 Charles’ striking geometric silhouette makes the quintessential design statement. Defined by a ‘building block’ pattern of balconies, clad in stone, glass and stainless steel, it is 48-storeys of pure architectural perfection. Its bold presence and sophisticated visual vernacular place it in a league of its own. Eclectic and exceptional. A singular aesthetic. A striking addition to the Bloor Yorkville neighbourhood. Illustration is artist’s impression. Illustration is artist’s impression. Charles Street Elevation Illustration is artist’s impression. The lobby is a sanctuary of calm and quietude. Understated yet awe inspiring. An escape from the busy city that hums outside its doors. Dressed in rich woods and dusty golds, it is a showpiece. A work of art. With 24-hour concierge service to welcome and help, you’ll always be greeted by enchantment. 24-Hour Concierge Service Illustration is artist’s impression. Lobby Illustration is artist’s impression.
    [Show full text]
  • AFFIDAVIT of YUEQING ZHANG (Sworn June 4, 2018)
    Court File No.: CV-18-591534-00CL ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) CHINA MACHINERY ENGINEERING CORPORATION Applicant -and- 2284649 ONTARIO INC., 2270613 LIMITED PARTNERSHIP and 2270613 ONTARIO INC. Respondents Application Under Section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43, as amended, and Section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended AFFIDAVIT OF YUEQING ZHANG (sworn June 4, 2018) VOLUME 2 OF 3 MILLER THOMSON LLP 40 King Street West Suite 5800 Toronto Ontario M5H 3S1, Canada Kyla Mahar LSO#: 44182G Tel: 416.597.4303 / Fax: 416.595.8695 Gregory Azeff LSO#: 45324C Tel: 416.595.8695 / Fax: 416.595.2660 Lawyers for the Respondents, 2284649 Ontario Inc., 2270613 Limited Partnership and 2270613 Ontario Inc. 32120081.1 INDEX 28614905.1 Court File No.: CV-18-591534-00CL ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST) CHINA MACHINERY ENGINEERING CORPORATION Applicant -and- 2284649 ONTARIO INC., 2270613 LIMITED PARTNERSHIP and 2270613 ONTARIO INC. Respondents Application Under Section 101 of the Courts of Justice Act, R.S.O. 1990, c.C.43, as amended, and Section 243 of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended INDEX TAB DOCUMENT 1. Affidavit of Yueqing Zhang sworn June 14, 2018 A. Bloomberg online research report B. CMEC EPC Contract dated January 22, 2013 C. The 1st Amendment of the CMEC EPC Contract dated July 30, 2013 D. The 2nd Amendment of the CMEC EPC Contract dated December 31, 2013 E. The 3rd Amendment of the CMEC EPC Contract dated January 22, 2014 F.
    [Show full text]
  • Active/Proposed Condominiums in Proximity to 94 Cumberland Street
    94 CUMBERLAND B STREET E L L O O I L R - Y O R K V // ICONIC CORNER RETAIL FOR LEASE 94 Cumberland Street | For Lease 94 CUMBERLAND B STREET E L O L O I L R - Y O R K V At the Corner of Cumberland Street + Bellair Street 4,870 SF (divisible) 18 ft. Ceilings Located in the podium of the brand new Minto Yorkville Park Condominium The space includes 2 dedicated parking spots and a storage locker 85 ft. of Frontage on Bellair 73 ft. of Frontage on Cumberland Steps from Bay subway station Available: Spring/Summer 2020 // 94 Cumberland Street | For Lease Single Tenant Floor Plan Two Unit Floor Plan // // Single Tenant: 4,870 sq.ft. Retail 1: 1,570 sq.ft. Retail 2: 3,102 sq.ft. 42 ft.42 Retail 1 162 ft. BELLAIR STREET BELLAIR STREET Retail 2 120 ft.120 CUMBERLAND STREET CUMBERLAND STREET 94 Cumberland Street | For Lease Construction Nearing Completion Three Tenant Floor Plan // Retail 1: 1,570 sq.ft. Retail 2: 2,410 sq.ft. Retail 3: 695 sq.ft. 42 ft.42 Retail 1 BELLAIR STREET 93 ft. 93 Retail 2 Retail 3 27 ft. CUMBERLAND STREET 94 Cumberland Street | For Lease BL The Bloor-Yorkville node represents the pinnacle of Cana- dian high-street retail. The Yorkville and Cumberland area is recognized internationally as one of the top ten shopping destinations in the world, with high-end fashion uses dom- OOinating the street front. The area provides residents and tourists with the country’s most prestigious selection of lux- ury and aspirational retailers demonstrating the highest net rental rates in Canada.
    [Show full text]
  • Live a Riviera Lifestyle. Vive Le Monde!
    LIVE A RIVIERA LIFESTYLE. VIVE LE MONDE! WITHIN WALKING DISTANCE OF THE SIGHTS, SOUNDS AND TASTES OF DOWNTOWN, MONDE ELEVATES ITS URBAN SETTING THROUGH ITS UNIQUE CONNECTION WITH NATURE. EMBEDDED IN THE HEART OF THE NEW BLUE EDGE OF EAST BAYFRONT WITH ITS BOARDWALK AND WATERFRONT TRAILS, MONDE’S WIDE-ANGLE VIEWS OF THE LAKE AND SKYLINE AND SPECTACULAR ARRAY OF RECREATIONAL AMENITIES WILL SURPRISE YOU WITH AN UNEXPECTED SOUPÇON OF THE RIVIERA LIFESTYLE. ARCHITECTURE / AERIAL VIEW OF MONDE ON TORONTO’S NEW BLUE EDGE MODERN CACHET MONDE REIMAGINES WATERFRONT LIVING ON TORONTO’S NEW BLUE EDGE. Monde was designed by world-renowned architect Moshe Safdie to fuse with the shimmering waters of Lake Ontario and the 21st century urban parkscape at Sherbourne Commons. Its unique outdoor balconies, generously spaced from each other, punctuate the building’s exterior, jutting out spectacularly to capture full views of the lake. Tower suites take this one step further with spectacular vistas from their floor-to-ceiling windows. Suite designs, ranging from one to three bedrooms, feature modernistic living spaces imbued with the style that defines the innovative interior designs of Cecconi Simone. Ground-breaking architecture from Moshe Safdie, in collaboration with Toronto-based Quadrangle Architects. Visionary interiors from Cecconi Simone. Extraordinary urban landscapes by Janet Rosenberg & Studio. A target of LEED Gold certification. And a waterfront lifestyle, inspired by nature, the lake and city. Illustration is artist’s impression. ARCHITECTURE / PERPENDICULAR BALCONIES, AS ENVISIONED BY MOSHE SAFDIE Illustration is artist’s impression. ARCHITECTURE / CAFÉ PROMENADE NEXT TO SHERBOURNE COMMON Illustration is artist’s impression.
    [Show full text]
  • 19 Bloor Street West ICONIC CORNER RETAIL for LEASE
    19 Bloor Street West ICONIC CORNER RETAIL FOR LEASE Arlin Markowitz* Alex Edmison* Jackson Turner** Senior Vice President Vice President Senior Associate 416 815 2374 416 874 7266 416 815 2394 [email protected] [email protected] [email protected] CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100| Toronto, ON M5H 1J8 | 416 362 2244 | www.cbre.ca *Sales Representative, **Broker GROUND A A 3216 25 G OPPERVLAKTE 50 VOLGENS GEA: F A1=309m² A2=478m² A2 478m² E EXISTING 19 Bloor Street West FACADE 1478 Corner Retail for Lease 1373 EXISTING D WALL SCOTIABANK NEW BLOOR ST WEST BLOOR 28 4 58 C 30 Size: Ground: 3,300 sq.ft. 375 Mezzanine: 1,500 sq.ft.-3,000 sq.ft 904 FLOOR 65 835 B 3,300 SF FACADE 30 ft NEW Net Rent: Please contact listing agents 375 996 2418 23 29 GROUND A 8 29 65 383 65 383 65 347 65 365 65 346 65 347 65 346 65 332 76 TMI: $60.00 per sq.ft. 1163444 ft NEW FACADE NEW FACADE NEW FACADE BALMUTO STREET A GROUND FLOOR 1 2 3 4 5 6 7 8 9 Available: Q3 2019 A A MEZZANINE 3216 25 G OPPERVLAKTE 50 VOLGENS GEA: F • Build-to-suite that will feature up to 30 ft ceilings A3=309m² and custom facade A4=62m² 62m² E EXISTING FACADE 1478 • Immediate co-tenancy includes the Holt 1373 ROOF Renfrew Canadian Flagship and Eataly EXISTING SCOTIABANK D A4 • Near term co-tenancy includes Apple BLOOR ST WEST BLOOR 28 4 58 C 30 (BE) 375 904 65 835 FLOOR (CA) B 1,500-3,000 SF FACADE FLOOR NEW 375 996 2418 23 29 FIRST SECOND A 8 29 65 383 65 383 65 347 65 365 65 346 65 347 65 346 65 332 76 3444 NEW FACADE BALMUTONEW FACADE STREET NEW FACADE A FIRST FLOOR (BE) 1 2 3 4 5 6 7 8 9 SECOND FLOOR (CA) THE LOCATION BLOOR-YORKVILLE The location sits on the prominent corner of Balmuto and Bloor in between Yonge and Bay, steps from the future home of Apple in “THE ONE”- an 80 storey condominium project currently under construction at the corner of Bay and Bloor.
    [Show full text]
  • Tall Buildings6/11-12
    «Высотные здания» Tall buildings декабрь /январь 06/11-12 Tall Bu Tall журнал высотных технологий i ld i ngs 6/11-12 международный Журнал обзор INTERNATIONAL«Высотные здания» OVERVIEW Tall buildings Трехмерная визуализация обложки: Антон Ижбараев 3D Cover Visualisation Anton Izhbaraev Учредитель ООО «Скайлайн медиа» при участии ЗАО «Горпроект» и ЗАО «Высотпроект» Редакционная коллегия Сергей Лахман Надежда Буркова Юрий Софронов Петр Крюков Татьяна Печеная Святослав Доценко Елена Зайцева Александр Борисов Генеральный директор Сергей Лахман управление MANAGEMENT Главный редактор Татьяна Никулина Содержание Исполнительный директор Точка зрения/Viewpoint 70 СНиПы или Еврокоды?-2 Сергей Шелешнев contents SNiPs or Eurocodes?-2 Редактор-переводчик Ирина Амирэджиби Редактор-корректор строительство Алла Шугайкина CONSTRUCTION Иллюстрации Алексей Любимкин Коротко/In brief Дизайн 8 События и факты Актуально/Up to date Антон Ижбараев Events and Facts 76 Разговор на злобу дня Над номером работали: Speaking on the Topic of the Day международный обзор Марианна Маевская Конструкции/Structures Нина Насонова INTERNATIONAL OVERVIEW 80 Высотные соты Отдел рекламы High-Rise Beehive Тел./факс: (495) 545-2497 История/History 18 Скалистые горы в силуэтах городов Фасады/Facades 86 Итальянская архитектура приходит в Россию Отдел распространения Светлана Богомолова Rocky Mountains in Cities Silhouettes Italian Architecture Comes to Russia Владимир Никонов Разработки/Elaborations Тел./факс: (495) 545-2497 Объект/Site 26 Канадская Мэрилин Монро 88 Энергоэффективность
    [Show full text]
  • BR 140033 MGC CDN Installation Portfolio
    Installation Portfolio Intelligent Fire Panels Corporate Networked Fire Alarm Commercial Voice Evacuation Hospitals/Healthcare Industrial Fire & Gas Controlled Systems Retail Releasing Panels Religious Buildings Access Control Transportation Telephone Entry Sports/Entertainment Emergency Call Restaurants Conventional Fire Alarm Government Educational Industrial Oil/Gas/Petro Chemical Hotels Multi-Unit Residential Corporate Offices Commercial Project Name City | Province Project Name City | Province Van Rob Stampings Corporate Office Aurora, ON Ajax Operation Centre Ajax, ON Taro Pharmaceuticals Inc. Brampton, ON MTO Office Barrie, ON Westbury Business Park Burlington, ON Mosport Event Centre Bowmanville, ON Telus Head Office Burnaby, BC TD/Canada Trust Brampton, ON BCAA Head Office Burnaby, BC AMA Blackfoot Calgary, AB Tandem- Twin Towers Burnaby, BC Blackfoot Point Crossing Calgary, AB CUPE Dartmouth, NS Quarry Park Market Calgary, AB Intact Insurance Dartmouth, NS Rocky Mountain Credit Union Calgary, AB NSGEU Dartmouth, NS Poirier Library Coquitlam, BC Purdy’s Wharf Halifax, NS Home Depot Delta, BC Cooper Vision Markham, ON Cineplex Odeon Edmonton, AB Liberty Square Markham, ON Montgomery Legion Edmonton, AB Corporate Offices | Commercial Buildings Dupont Mississauga, ON Library and Cultural Centre Halton Hills, ON Frigidaire Canadian Corporate Office Mississauga, ON Hawkesbury Performing Arts Hawkesbury, ON Kia National (Cdn) Head Office Mississauga, ON Sysco Foods Langford, BC Monte Carlo Inns Head Office Mississauga, ON Michelin Tire (Vesda System) Langley, BC 50 Crémazie Montréal, QC Fire Staion 116 Mississauga, ON 150 Metcalfe Street Ottawa, ON Stanley Black + Decker Mississauga, ON Gillin Building -141 Laurier Ave W Ottawa, ON 1111 Prince of Wales Drive Ottawa, ON Med2020 Ottawa, ON 19 Fairmont Ave. Ottawa, ON Scotia Bank Office Tower Ottawa, ON 251 Laurier Ave.W.
    [Show full text]
  • Rapid Condominium Growth and the Emergence of the Ultra-Luxury
    Rapid Condominium Growth and the Emergence of the Ultra-Luxury Condominium Market in Toronto, Canada By Andrea L. Mager A thesis submitted to the Department of Geography in conformity with the requirements for the degree of Master of Arts Queen’s University Kingston, Ontario, Canada April, 2013 Copyright © Andrea L. Mager, 2013 Abstract In this thesis, I undertake a study of rapid condominium growth occurring in the City of Toronto, Canada, and the emergence of an ultra-luxury condominium market during a time of global financial instability. This thesis examines the influence of rapid growth on Toronto as a world city during this time by asking the following research questions: Why has Toronto become a place of safe investment for condominium buyers during a time of global economic uncertainty? Why has the ultra-luxury market emerged in Toronto? What are the driving forces behind it, how does it contribute to Toronto’s standing as a world city, and what does the future hold for this niche market? What is the current state of the condominium market in Toronto and what can we expect to see happen in the near future? To answer these questions, this thesis draws insights from urban, political, economic and social geographic literature, statistical and policy data, as well as twenty-five (25) semi- structured interviews with a variety of key industry stakeholders in the City of Toronto. The results of this study point to a changing demographic landscape in a city where fundamental elements have not only secured Toronto’s reputation as a place of safe investment, but also created an environment of pent up demand leading to the emergence of the ultra-luxury condominium market.
    [Show full text]