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
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
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
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
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.
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