PricewaterhouseCoopers leases 280,000 square feet to launch bcIMC's sustainable office development at 18 York Street in Toronto



    TORONTO, Aug. 7 /CNW/ - British Columbia Investment Management
Corporation (bcIMC) today announced that PricewaterhouseCoopers (PwC) has
signed a long-term lease for approximately 280,000 square feet of office space
at 18 York Street, kicking-off bcIMC's first targeted LEED(R) Gold development
in downtown Toronto.
    Designed by the award-winning firm, KPMB Architects, 18 York will total
650,000 square feet and rise 26-storeys on the north-west corner of York
Street and Bremner Boulevard. This is an emerging area directly south of
Toronto's financial core and one block from Union Station. The building will
be developed and managed by GWL Realty Advisors Inc. acting on behalf of
bcIMC.
    Targeting a Leadership in Energy and Environmental Design (LEED) Gold
standard, as specified by the Canada Green Building Council, 18 York will
feature state-of-the-art operating and life safety systems including: rain
water collection system, Enwave's deep lake central cooling supplemented by a
thermal storage system, 18" raised floor, and enhanced indoor air quality. The
building's advanced systems are designed to provide tenants with meaningful
operating savings through the efficient use of energy and office space
flexibility.
    "We are delighted that PwC will anchor our next development in Toronto,"
commented Doug Pearce, CEO/CIO for bcIMC. "With this project, bcIMC and PwC
are helping to advance sustainable office developments that are designed to
benefit tenants, employees, and the environment."
    PwC will move its national headquarters and downtown Toronto locations to
the new state-of-the-art building beginning the fall of 2011.
    David Forster, PwC's Greater Toronto Area Managing Partner, noted that,
"18 York appealed due to its location, access to public transit, and leading
green design features, all of which support PwC's environmental objectives.
Our aim is to create a truly unique PwC work space that meets the diverse and
long-term needs of the firm, both for our people and our business. A big part
of meeting that objective will be to engage a significant number of our staff
for their ideas and feedback on a range of design options."
    Construction on the site will commence this fall and is scheduled for
completion in the fall of 2011. Additional information on Toronto's newest
development can be found at www.18york.com

    About PricewaterhouseCoopers

    PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
tax and advisory services to build public trust and enhance value for its
clients and their stakeholders. More than 146,000 people in 150 countries
across our network share their thinking, experience and solutions to develop
fresh perspectives and practical advice in Canada.
    "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.

    About bcIMC

    bcIMC is an investment management corporation based in Victoria, B.C.
With over $85 billion in assets under administration with global exposure, and
supported by industry-leading investment expertise, bcIMC offers fund
management services for all major asset classes, including currency and
infrastructure investment. bcIMC's clients include public sector pension
plans, provincial government operating and sinking funds, public trusts, and
insurance funds. For more information, visit www bcimc.com

    About GWL Realty Advisors

    GWL Realty Advisors Inc. is a leading real estate investment advisor
providing comprehensive asset management, property management and specialized
real estate advisory services to pension funds and institutional clients.

    
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For further information:

For further information: PricewaterhouseCoopers: Carolyn Forest, Tel:
(416) 814-5730, or via email at carolyn.forest@ca.pwc.com; bcIMC: Gwen-Ann
Chittenden, Tel: (250) 387-4650, or via email communications@bcimc.com; GWL
Realty Advisors: Michele Walkau, Tel: (416) 552-5143, or via email at
michele.walkau@gwlra.com

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British Columbia Investment Management Corporation (bcIMC)

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