Brookfield Office Properties Canada Completes First Mortgage Bond Financing of Bay Adelaide Centre West Tower
|Areas||Commercial Real Estate, Corporate Finance and Securities, Tax|
Goodmans represented Brookfield Office Properties Canada LP in its financing of Bay Adelaide Centre’s West Tower in Toronto with $405 million, ten-year first mortgage bonds. CIBC World Markets Inc. and TD Securities Inc. acted as agents on the transaction. Immediately prior to the closing of the financing, Brookfield reorganized the ownership of Bay Adelaide Centre to, among other things, sever the West Tower from the balance of the project and prepare for the future development of the remaining lands on the Bay Adelaide Centre site.