Over a decade after developers set out to bridge Toronto's rail corridor with a pair of office towers, the construction crews are done, and office workers are moving in at CIBC Square.
Global development team completes Toronto's CIBC Square as trophy office space becomes harder to find
La Caisse, Hines, Korean pension giant NPS open 3 million-square-foot megaproject
CoStar News
September 18, 2026 | 8:10 P.M.
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IN THIS ARTICLE
- Properties
- CIBC Square - Phase II
141 Bay St, Toronto, ON
- CIBC Square - Phase I
81 Bay St, Toronto, ON
- Companies
- La Caisse
Finance and Insurance
- Hines
Real Estate
- National Pension Service of Korea
Finance and Insurance
- Contacts
- Rana Ghorayeb
EVP, Head of Real Estate CDPQ/Ivanhoé Cambridge, Caisse Du Depot et Placement Du Quebec
- Avi Tesciuba
Senior Managing Director, Country Head Canada, Hines
- Steve Luthman
Managing Partner & Global Head of Real Estate, Hines
- Kyle Lee
Portfolio Manager, National Pension Service Of Korea (NPS)