Cadillac Fairview has acquired a recently completed Toronto rental tower for $162M, adding a prime downtown property to its growing multifamily portfolio as it expands beyond its traditional office and retail holdings.
The 34-storey Ivy at 6-8 Gloucester St. was developed by Tricon Residential and Angel Developments. Tricon was acquired by global investment giant Blackstone in a US$3.5B deal in May 2024.
Ontario land registry records reviewed by Connect show the property sold Sept. 24, with Cadillac Fairview acquiring the tower through a subsidiary.
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