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Oxford Properties and CT REIT Announce Major Retrofit at Canada Square, Anchored by New 20-year Office Lease with Canadian Tire Corporation
Oxford Properties and CT REIT Announce Major Retrofit at Canada Square, Anchored by New 20-year O...
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[{"type":"text","content":"\n\n\n\n Oxford Properties and CT REIT Announce Major Retrofit at Canada Square, Anchored by New 20-year Office Lease with Canadian Tire Corporation\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n June 9, 2025\n \n\n /CNW/ - Oxford Properties Group (\"Oxford\"), the global real estate arm of OMERS, and CT Real Estate Investment Trust (\"CT REIT\") (TSX: CRT.UN) today announced, in partnership with Canadian Tire Corporation (\"CTC\") (TSX: CTC) (TSX: CTC.A), a transformative investment to retrofit the existing office buildings at Canada Square, a key midtown\n \n Toronto\n \n hub.\n \n\n\n\n\n\n\n\n\n This Canadian-led partnership includes a 550,000 square foot, 20-year office lease with CTC, demonstrating the enduring appeal of centrally located, transit-connected workplaces and representing a major investment in\n \n Toronto's\n \n urban core.\n \n\n The redevelopment project represents a combined investment of over\n \n $200 million\n \n by Canada Square co-owners\n \n Oxford\n \n and CT REIT. The two office towers at 2180 and 2200 Yonge Street will be retrofitted to deliver 680,000 square feet of highly functional and modernized office space, over 80% of which will be anchored by CTC. Having operated its head office at Canada Square for over 50 years, CTC is also investing to build a next-generation headquarters for thousands of employees.\n \n\n \"This is a proud milestone for Canadian Tire and a major reinvestment in a neighbourhood we've called home for more than half a century,\" said\n \n\n Greg Hicks\n \n , President and CEO, Canadian Tire Corporation\n \n . \"We're excited to help transform this vibrant corner of the city. Our employees will be among the thousands who come here each day – for work, for play and for the ease of new transit connections in every direction.\"\n \n\n Originally constructed in the 1960s and 1970s, the 18-storey building at 2180 Yonge Street will undergo internal upgrades and a complete façade renewal, followed by a full renovation of the 17-storey tower at ...