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Aerial view of the Edmonton Tower, sold Thursday by Ice District Properties Corporation to the Alberta Investment Management Corporation (AIMCo).
Gordon Kent
The company formed by the Katz Group and One Properties sold the first tower office built in the Ice District of the Alberta Investment Management Corporation (AIMCo).
Edmonton Tower at 10111 104 Ave. Opening in late 2016 to accommodate 2,000 city employees and other tenants.
"The acquisition of Edmonton Tower by IAMCo in ICE District demonstrates great investor confidence in the downtown property market and is a natural multi-billion dollar transaction. Tim Horton, Oilers spokesman, said in an email
"Attracting world clbad partners in ICE District has always been at the heart of our business plan and that's another example. "
Thursday announced the sale of the 27-storey building in a press release, saying that AIMCo understands the Edmonton market and that it's positive to see such a "world-clbad investor" "interested in district development.
Micheal Dal Bello, vice president of AIMCo -president real estate, said in the release that "the growth of our portfolio of high quality offices in Edmonton offers our clients the unique opportunity to make part of the rejuvenation of downtown.
The organization manages investments of $ 103 billion on behalf of 32 pension, endowment and government funds of Alberta
The terms of the sale n 39 have not been disclosed, but last fall the city accepted $ 5 million in exchange for the removal of the right to buy space in the forest if it was sold .
At the time, Coun. Andrew Knack said that there was no way for the city to buy his half, which could cost $ 500 million.
The municipal tax records for 2018 show that the value of the building is $ 304 million. 19659004] [email protected]
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