RBC Headquarters for Sale as Oxford, CPPIB Seek $1 Billion-Plus
- Sale is part of Oxford shift to life sciences and logistics
- RBC has long-term lease for 40% of gold-studded Toronto tower
This article is for subscribers only.
Oxford Properties Group and Canada Pension Plan Investment Board are exploring the sale of Toronto’s Royal Bank Plaza in a deal that could be worth more than $1 billion, according to a person with knowledge of the plans.
The site at 200 Bay Street is one of the largest office complexes in Toronto’s financial district and includes two towers and a retail concourse with roughly 1.5 million square feet.