In a strong signal of recovery for the downtown Toronto office sector, a pair of Desjardins’ investment funds, the Global Asset Management Canadian (DGAM) Private Real Estate Fund and the Desjardins Group Pension Fund, acquired the former HSBC Building in Toronto’s financial core from KingSett Capital's Senior Mortgage Fund for $134.6 million.
Desjardins buys high-profile Toronto office tower
In a sign of recovery for downtown Toronto, KingSett sells 70 York St. for $134.6 million, well above price it paid 20 months ago
CoStar News
December 3, 2025 | 8:31 P.M.
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IN THIS ARTICLE
- Properties
- Companies
- KingSett Capital
Finance and Insurance
- Desjardins Group
Finance and Insurance
- Contacts
- Jaysen Smalley
Vice Chairman, CBRE
- Kai Tai Li
Vice President, CBRE
- Alex Ivashenko
Vice President, TD Securities
- Elliot Medoff
Director, Investment Banking and Real Estate, TD Securities
- John Coates
Analyst, Real Estate Investment Banking, TD Securities