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AIMCo to Give Toronto’s Scotia Plaza a ‘Good Look’, CEO Says

Feb. 29 (Bloomberg) -- Alberta Investment Management Corp., the Canadian pension fund manager, may consider bidding for Bank of Nova Scotia’s Scotia Plaza office tower in Toronto, Chief Executive Officer Leo de Bever said.

“This building is being aggressively marketed to all the usual suspects,” de Bever said today in an e-mailed statement. “It’s a good building, so AIMCo will give it a good look for whether it adds value for our strategy.”

Bank of Nova Scotia said last month it may sell the Toronto office tower, the corporate headquarters for Canada’s third-biggest bank. The 68-floor office building is the second-tallest in Canada after First Canadian Place, Bank of Montreal’s head office.

Canada Pension Plan Investment Board, the country’s second-largest pension fund manager, and Ontario Municipal Employees Retirement System have also said they’d consider a bid for the building.

To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.net

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; Christian Baumgaertel at cbaumgaertel@bloomberg.net

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