Sunnybrook Hospital DBFM Project
|Areas||Commercial Real Estate, Commodity Tax/Customs, Construction and Infrastucture, Procurement, Public/Private Partnerships and Alternative Finance, Tax|
Goodmans represented Vanbots Construction Corporation, a division of Carillion Construction Inc. in connection with the financial close of the Sunnybrook Health Sciences Centre build finance project. On June 12, 2007, Sunnybrook Health Sciences Centre in Toronto reached financial close with Vanbots Construction Corporation, its lenders, The Manufacturers Life Insurance Company, London Life Insurance Company, Industrial Alliance Insurance and Financial Services Inc., RBC Dexia Investor Services Trust, Trustee, BCE Master Trust Fund and The Equitable Life Insurance Company of Canada, and the lenders' agent, Stonebridge Financial Corporation, for the construction and financing of the M-Wing Vertical Shell Expansion/Perinatal and Gynaecology Related Interior Fit-Up at Sunnybrook. The value of the contract is $141.9 million. The project was managed by Infrastructure Ontario under Infrastructure Ontario's new alternative financing and procurement model.