iA Financial Group acquires Victoria office properties from HOOPP in $131.5 million deal

30 November 2017

On Nov. 30, 2017, Industrial Alliance Insurance and Financial Services Inc. ("iA Financial Group") paid $131.5 million to purchase three office properties in Victoria, BC, from HOOPP Realty, part of the Healthcare of Ontario Pension Plan.

The buildings are Sussex Place, at 1001 Douglas St. and 720 Broughton St. in downtown Victoria, and 2975 and 2995 Jutland Rd. at the Selkirk Waterfront. They total 300,000 square feet. Each property holds long-term leases with BC government tenants.

Stacey Handley and Karoline Clarke of Gowling WLG advised iA Financial Group with respect to this transaction.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.

Related   Real Estate