CANADA – The Metro Toronto Convention Centre (MTCC) has been acquired by Oxford Properties Group for an undisclosed sum.
The transaction for the centre, which boasts 24,000sqm of meeting and events space, is anticipated for final completion in mid September 2011.
The Oxford Properties Group’s President and CEO, Blake Hutcheson, said: “The MTCCC represents a terrific long-term investment for us, that is in line with Oxford’s domestic investment strategy and is a great addition to our portfolio.
“The MTCCC is a sizeable, well located mixed-use asset with attractive risk-adjusted income returns and our investment in the property reflects our confidence in both the asset itself and the City of Toronto.”
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MTCC acquired by Oxford Properties Group
