Quote:
Originally Posted by jlousa
The 745 Thurlow tower is still on track, it's owned by a pension fund. I think the majority of all future office towers will be Pension fund owned, safer then rental apartments. They require a solid,safe return to pay out, divendends from stock holding just don't cut it anymore and interest rates are too low.
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Yeah, but even BCimc isn't interested in paying close to $500 psf for a tower with no tenants. More than likely they've advised Bentall to sit on it for a while...I'd be surprised to see them move forward with a DP.
In the meantime, another Bentall building may be primed for redevelopment...