TORONTO, April 19, 2012 /CNW/ - British Columbia Investment Management Corporation (bcIMC) announced today that approximately one-third of the office space at Bremner Tower, Southcore Financial Centre (SFC), has been leased to professional services firm Marsh & McLennan Companies.
Marsh & McLennan Companies is a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. The company's wholly owned subsidiaries—Marsh, Guy Carpenter, Mercer and Oliver Wyman—will relocate their Toronto operations to Bremner Tower in May 2015.
Encompassing a full block from York Street to Lower Simcoe Street, SFC is a mixed-use complex under development in Toronto's southcore financial district. When complete, the complex will offer 1.4 million square feet of office space in two towers and a premium 45-storey hotel, the Delta Toronto. Bremner Tower, the second phase of the SFC complex, is a 30-storey, 700,000 square foot tower. The first phase of the complex, PwC Tower, a 26-storey, 680,000 square foot tower, was completed in 2011 and is now fully leased.
A pedestrian bridge over York Street featuring a permanent and interactive light installation by renowned glass artist James Carpenter connects SFC to Union Station and the PATH network. "SFC is at the core of a highly-connected and dynamic business neighbourhood. This provides a great environment for tenants, visitors to SFC, and hotel guests," said Mary Garden, Vice President, Real Estate, bcIMC. "We are very pleased to welcome Marsh & McLennan Companies to Bremner Tower as their new Toronto operations headquarters."
Office space is designed by award-winning KPMB Architects with both towers targeting LEED® Gold Certification. The Delta Toronto is designed by Page + Steele / IBI Architects.
The project is being developed by GWL Realty Advisors Inc. on behalf of bcIMC. Bremner Tower is projected for completion in September 2014.
To learn more about Southcore Financial Centre, visit www.southcore.ca.
About GWL Realty Advisors Inc.
GWL Realty Advisors Inc. is a leading Canadian 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.
bcIMC is an independent investment management corporation that manages a globally diversified investment portfolio of $91.1 billion as at December 31, 2011. Based in Victoria, British Columbia and supported by industry-leading expertise, bcIMC invests in all major asset classes. Clients include public sector pension plans, public trusts, and insurance funds. With a portfolio that encompasses more than 57 million square feet of prime Canadian real estate, including offices, hotels, residential and industrial buildings, and retail malls, bcIMC continues to be one of Canada's major property owners. For more information, visit www.bcimc.com.
About Marsh & McLennan Companies
Marsh & McLennan Companies (NYSE: MMC) is a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. Marsh is a global leader in insurance broking and risk management; Guy Carpenter is a global leader in providing risk and reinsurance intermediary services; Mercer is a global leader in human resource consulting and related services; and Oliver Wyman is a global leader in management consulting. Marsh & McLennan Companies' 52,000 colleagues worldwide provide analysis, advice and transactional capabilities to clients in more than 100 countries. The Company prides itself on being a responsible corporate citizen and making a positive impact in the communities in which it operates. Visit www.mmc.com for more corporate information, or www.PartneringImpact.com to learn more about the Company's world-class capabilities and its solutions to the complex problems enterprises face today.
Image with caption: "Bremner Tower, a 30-storey, 700,000 square foot tower centrally positioned between the PwC Tower and the Delta Toronto will integrate the adjacent buildings to form the heart of the Southcore Financial Centre complex along Bremner Boulevard. Bremner Tower is projected for completion in September 2014. (CNW Group/GWL Realty Advisors Inc.)". Image available at: http://photos.newswire.ca/images/download/20120419_C7289_PHOTO_EN_12529.jpg
Image with caption: "A pedestrian bridge over York Street featuring a permanent and interactive light installation by renowned glass artist James Carpenter connects Southcore Financial Centre to Union Station and the PATH network. (CNW Group/GWL Realty Advisors Inc.)". Image available at: http://photos.newswire.ca/images/download/20120419_C7289_PHOTO_EN_12530.jpg
For further information:
For more information regarding GWL Realty Advisors Inc., contact:
Michele Walkau, 416-552-5143
For more information regarding leasing space at Bremner Tower, contact:
Glenn Way, 416-359-3303
For more information regarding bcIMC, contact:
Gwen-Ann Chittenden, 250-387-4650
For more information regarding Marsh & McLennan Companies, contact:
Laura Cora, 212-345-2731