Toronto (July 9, 2026) – BGO, a leading global real estate investment manager and provider of real estate services, today announced the successful acquisition of 26 Wellington Street East, a 12-storey, Class A office tower in downtown Toronto. The approximately 176,360-square-foot property adds to BGO’s growing footprint in Toronto’s office market, reflecting the sector's strengthening fundamentals and rising demand for premier, well-located assets. BGO Properties, the firm’s in-house property management, operations and leasing platform, will provide comprehensive property management services focused on enhancing the tenant experience, accelerating leasing performance, and maximizing the property’s long-term value.
"As we continue to target assets that combine strong fundamentals with long-term durability, 26 Wellington reflects that approach: well-located, transit-oriented, and supported by a strong tenant base," said Devon Howsam, Principal at BGO. “BGO’s vertically integrated platform in Canada positions us to unlock further value at the property, strengthen its market profile, and deliver meaningful benefits for our investors and tenant community alike.”
With 98 per cent occupancy from a roster of institutional-quality tenants, 26 Wellington is LEED Platinum certified and features unobstructed south-facing views over Berczy Park, reinforcing its standing as a high-performing, sustainable workplace.
The acquisition reinforces BGO’s focus on high-quality buildings in prime urban locations, which are well positioned to benefit from improving market conditions. Over the past year, the market has seen record net absorption, declining Class A vacancy, increasing return-to-office activity, and limited new supply expected through the remainder of the decade.
Constructed in 1981 and located in downtown Toronto, the property offers strong transit connectivity, close-proximity to the PATH network, and Union Station, immediate access to the city’s business district, and proximity to Berczy Park, St. Lawrence Market, and a broad range of retail and dining amenities.
Cushman & Wakefield acted as broker for the transaction. Osler, Hoskin & Harcourt LLP and Stikeman Elliot LLP acted as legal counsel for BGO.
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients, and had, together with Bell Partners Inc., which was acquired by Sun Life and combined with BGO on July 2, 2026, approximately US$100 billion of assets under management (as of March 31, 2026) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in more than 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
For more information, please visit www.bgo.com
Media Contact
Shayla Schipper
Director of Communications, BGO
media@bgo.com