Non core office towers attracting investor interest :
http://www.theglobeandmail.com/report-on...wers/article20954266/#dashboard/follows/
“Core strategies do make sense, but that doesn’t mean that other areas don’t grow as well,” Blair Welch said in an interview at the company’s offices Friday. While being close to downtown is attractive, there are reasons to like the suburbs.
“Union Station, subways – those matter. But the airport, major highways, those are pretty important pieces of infrastructure.”
He notes that 67 per cent of office properties in Canada do not fit into the definition of core. And demographically, much of Canada’s growth is in suburban areas. What’s more, buildings are so much cheaper that there is more protection should the real estate market go soft and rents underperform.
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