Quote:
Originally Posted by GilmoreStation
It's not Shape's money anyway, it's the Ontario Teacher Pension fund's
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No it definitely isn't. OTPP runs their real estate investment through their 100% owned subsidiary Cadillac Fairview, who has nothing to do with this project.
The project is jointly developed and owned by Shape and HOOPP, who both have an equity stake in the development. I'm not sure the exact distribution of ownership, I'd imagine HOOPP has much more capital in the project, but they both have skin in the game.