BGO Acquires 95 Wellington Street West Class A Office Tower in Toronto Financial Core

BGO, a global real estate investment manager with approximately $90 billion USD in assets under management as of December 31, 2025, announced on May 6, 2026 the acquisition of 95 Wellington Street West, a 23-storey Class A office tower in Toronto's Financial Core. The acquisition was made on behalf of the firm's flagship Core strategy and marks BGO's re-entry into the downtown Toronto office market.

Acquisition Details

The property comprises approximately 330,000 square feet of office space and was originally constructed in 1988. In recent years, the building has undergone extensive capital improvements, including a full lobby renovation, complete exterior recladding, curtain wall replacement, HVAC modernization, and technology upgrades. The asset holds WELL Core Platinum and Zero Carbon Building certifications. Financial terms of the transaction were not disclosed. Stikeman Elliott LLP acted as legal counsel for BGO.

BGO Properties, the firm's in-house property management, operations, and leasing platform, will oversee the building's management with a focus on leasing available space and enhancing long-term performance.

Location and Tenant Profile

95 Wellington Street West offers direct connectivity to Toronto's PATH network and immediate access to Union Station. The building is surrounded by institutional-grade office towers and is in proximity to financial services and retail offerings in the city's core business district.

The building is anchored by tenants across financial services, insurance, investment management, and consulting sectors. Its floor plates average approximately 17,000 square feet, a configuration BGO describes as well suited to boutique and mid-sized organizations.

BGO's Strategic Rationale

"The acquisition of 95 Wellington aligns with our strategy of investing in high-quality assets in top-tier markets at attractive points in the cycle," said Simon Holmes, Managing Partner and Canadian Chief Investment Officer at BGO. "The building's irreplaceable location, connectivity to transit and the PATH network, and significant recent capital investment reinforce its appeal as an investment poised to deliver long-term value."

BGO cited strengthening market fundamentals in Toronto's downtown office sector, including return-to-office mandates, limited new supply, and improving economic conditions. The firm noted that demand in the Financial Core submarket is increasingly concentrated in high-quality, well-located assets.

BGO Platform and Global Footprint

BGO serves more than 750 institutional clients and manages assets across office, industrial, multi-residential, retail, and hospitality property globally. BGO has offices in 25 cities across 12 countries. The firm is part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.