BGO Buys Toronto Tower as City’s Office Market Begins to Thaw

Real estate firm BGO is buying a downtown Toronto office property after years on the sidelines in that market, wagering that better valuations and improving leasing trends mark a turning point for the sector.

The firm has agreed to acquire 95 Wellington Street West, a renovated building close to Union Station, the city’s main rail transportation hub. It marks a return to Toronto’s financial core for BGO’s flagship investment strategy, according to Christina Iacoucci, the firm’s head of Canada.