In a signal of recovery for the downtown Toronto office market, a pair of Desjardins’ investment funds bought the former HSBC Building in Toronto’s financial center from KingSett Capital's Senior Mortgage Fund for $134.6 million.
Desjardins buys high-profile Toronto office tower
KingSett sells 70 York St. for $134.6 million
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