Target chooses HOOPP's AeroCentre V for its new Canadian headquarters

TORONTO, May 26, 2011 /CNW/ - U.S. retailer Target has chosen HOOPP's AeroCentre V building in Mississauga, a cutting-edge, environmentally friendly office complex, for its new Canadian head office.

"HOOPP is thrilled to welcome Target's Canadian head office to AeroCentre V," says HOOPP President & CEO John Crocker. "This award-winning property was specifically designed to attract leading companies with sustainability goals and it clearly has achieved that objective.  As our new standard of healthy office buildings, AeroCentre V is well poised to help attract and retain top talent for Target's Canadian operations."

Pending Target Board of Directors approval in June, Target will be leasing 180,000 sq. ft. in AeroCentre V, and the majority of the Target team will begin moving in early in 2012.

"Target is excited to select a state-of-the-art, environmentally sustainable office building in Mississauga for our Canadian headquarters location," said Tony Fisher, president, Target Canada. "From how we build our stores to the products on our shelves, environmental sustainability at Target is a priority, and I am pleased to be able to extend that commitment at AeroCentre V."

AeroCentre V has many unique features, including the extensive use of natural light and windows that actually can open and close to save on heating and cooling costs. The building was developed on "built-out" land that was once a parking lot, saving on infrastructure costs and ensuring that the building has excellent public transit access. Winner of a REX Award for its many eco-friendly features, AeroCentre V was built to LEED (Leadership in Energy & Environmental Design) gold standard.

About the Healthcare of Ontario Pension Plan
Created in 1960, the Healthcare of Ontario Pension Plan (HOOPP) is the pension plan of choice for Ontario's hospital and community-based healthcare sector with over 370 participating employers and more than 260,000 plan members and retirees. HOOPP invests the assets of its $35.7 billion Fund, administers the Plan and pays more than $1.2 billion per year in pension benefits. The HOOPP defined benefit plan is a formula based benefit that provides security and peace of mind to Ontario's healthcare workforce.

HOOPP has a strong history of providing pensions to Ontario's healthcare community. It's one of the biggest and most respected pension plans in the country and is an industry leader among multi-employer plans.

HOOPP was named one of Canada's 10 Most Admired Corporate Cultures in 2010.

As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member's earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life. HOOPP's assets are actively managed using a diversified, long-term investment strategy.

HOOPP is governed by a Board of Trustees with representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses' Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU), and the Service Employees International Union (SEIU). The unique governance model provides representation from both employers and unions in support of the long-term interests of the Plan.

SOURCE HOOPP

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416 369-8045

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