At 96% Leased, Anticipation Grows For the Fall Completion of PwC Tower at Southcore Financial Centre

New Office Tower Offers Employers a Sustainable and Productive Environment in Toronto's Emerging Southcore Financial District

TORONTO, June 14, 2011 /CNW/ - British Columbia Investment Management Corporation (bclMC) announced today that PwC Tower, the first of two office towers at Southcore Financial Centre (SFC), a major mixed-use complex being built in Toronto's emerging southcore financial district, is now 96 per cent leased.

Some of the tenants joining anchor tenant PwC, a leading accounting and consulting firm will be: RSA Canada, a leading Canadian personal and commercial P&C insurer; SNC-Lavalin, an engineering, procurement, construction and related technical services organization; and Avison Young, Canada's largest independently-owned commercial real estate services company. Occupancy will begin in the Fall of 2011.

"We are delighted to welcome the quality companies who will soon occupy the premises at Southcore Financial Centre," said Chuck Swanson, Vice President, Real Estate, bclMC. "This project reflects our commitment to advancing the development of sustainable office space and to providing our tenants with a productive working environment."

Encompassing a full block in the southern part of downtown Toronto from York Street to Lower Simcoe Street, and within walking distance of King and Bay, the SFC complex will be built to a high level of sustainability with PwC Tower and the soon to be constructed 30-storey, 700,000 sq. ft. Bremner Tower both targeting LEED® Gold certification. The Bremner Tower is projected to be completed by December 2013.

When complete, SFC will offer 1.4 million sq. ft. of office space in two office towers, and a 45-storey Delta Toronto, a next-generation, premium four-star hotel. Office space is designed by award-winning KPMB Architects. The Delta Toronto is designed by Paige + Steele / IBI Architects.

The project is being developed by GWL Realty Advisors Inc. on behalf of bclMC. The full complex is scheduled for completion in 2014.

To learn more about Southcore Financial Centre, visit www.southcore.ca.

About bclMC

bclMC is an independent investment management corporation based in Victoria, British Columbia that manages a globally diversified investment portfolio of more than $86 billion as at March 31, 2011. Supported by industry-leading expertise, bclMC invests in all major asset classes, including infrastructure and other strategic types of assets. bclMC's clients include public sector pension plans, public trusts and insurance funds. For more information, visit www.bcimc.com.

About GWL Realty Advisors Inc.

GWL Realty Advisors Inc. is a leading real estate investment advisor providing comprehensive asset management, property management, development and specialized real estate advisory services to pension funds and institutional clients. For more information, visit www.gwlra.com.

Image with caption: "New office towers at Southcore Financial Centre offer employers a sustainable and productive environment in Toronto's emerging financial district. (CNW Group/GWL Realty Advisors Inc.)". Image available at: http://photos.newswire.ca/images/download/20110614_C5673_PHOTO_EN_01.jpg

SOURCE GWL Realty Advisors Inc.

For further information:

For more information regarding bclMC, please contact:
Gwen-Ann Chittenden, bclMC 250-387-4650
communications@bcimc.com

For more information about GWL Realty Advisors Inc., please contact:
Michele Walkau, GWL Realty Advisors 416-552-5143
michele.walkau@gwlra.com

For leasing inquiries at PwC Tower (18 York St.) or Bremner Tower (120 Bremner St.),
please contact:
Glenn Way, GWL Realty Advisors 416-359-3303
glenn.way@gwlra.com

Profil de l'entreprise

GWL Realty Advisors Inc.

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