Quote:
Originally Posted by J pold
Cenovus. Clearly they aren't getting good advice from their current broker 
When you say Manulife do you mean for developing 707 5th ( http://www.707fifth.com/_/_downloads...h13-2015.pdf)?
Half of that building is leased to Brion Energy so Manulife hit the pre-lease threshold to make development economical. They are going to have a big problem with the other 260,000 SF but they are so big and so well capitalized that they can wait for the market to turn around. |
Ya I meant Manulife. Good call on being able to play the long term.
Quote:
Originally Posted by Bigtime
707-5th is a really neat looking building, too bad it didn't go ahead a few years ago and get some real serious height on it. It will be almost lost in the core from most views.
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Neat looking building, but it also seems like a really dumb building from an ownership perspective. Kinda like the Bow. Neat, but not functional. There's a reason Brookfield likes boring big square/rectangular floor plans.