Login

CPP Investments sells two Toronto office buildings for less than it paid 13 years ago

Infrastructure Ontario pays $145 million for 1 Queen Street E, 20 Richmond St. E
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.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE