BMO Life Assurance has acquired a three-building industrial portfolio in Brampton and Burlington, Ont., from Morguard, its latest move into acquiring real estate assets it will wholly own.
Toronto’s downtown office vacancy rate exceeds 15 per cent for the first time since 1995, pushing building owners and operators such as GWL Realty Advisors to come up with fresh ideas to retain existing tenants and attract new ones.
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