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Infrastructure Ontario acquires pair of downtown Toronto office buildings from CPP Investments

Buildings at 1 Queen Street E, 20 Richmond St. E sell for $145 million
Canada Pension Plan Investments is vacating its head office at 1 Queen Street East following last month's sale, that includes 20 Richmond Street East, to Infrastructure Ontario. (CoStar)
Canada Pension Plan Investments is vacating its head office at 1 Queen Street East following last month's sale, that includes 20 Richmond Street East, to Infrastructure Ontario. (CoStar)
CoStar News
June 18, 2026 | 5:18 P.M.

Infrastructure Ontario, a Crown agency of the Province of Ontario that supports initiatives to modernize public infrastructure and government-owned real estate, acquired a two-building office complex in downtown Toronto from Canada Pension Plan Investments, including the CPP's headquarters building, for less than the pension fund paid for it 13 years ago.

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