Toronto (May 6, 2026) – BGO, a leading global real estate investment manager and provider of real estate services, today announced the successful acquisition of 95 Wellington Street West, a 23-storey, Class A office tower in Toronto’s Financial Core. Acquired on behalf of the firm’s flagship Core strategy, the property comprises approximately 330,000 square feet of premium office space and marks the strategy’s re-entry into downtown Toronto’s office market, where fundamentals are strengthening and demand is increasingly concentrated in high-quality, well-located assets. BGO Properties, the firm’s in-house property management, operations, and leasing platform, will deliver an integrated management approach aimed at immediate leasing of the available space, and enhancing long-term performance of the property.
95 Wellington provides direct connectivity to Toronto’s PATH network and immediate access to Union Station, placing tenants and visitors in the heart of the city’s business district. Surrounded by institutional-grade office towers, the asset benefits from superior transit accessibility and proximity to financial services and retail offerings.
Toronto’s downtown office market continues to show signs of recovery, supported by return to office mandates, limited new supply, and improving economic conditions. The Financial Core remains one of the tightest and most sought-after submarkets, positioning well-located Class A buildings as a compelling option for tenants seeking premium workspace.
“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.”
Originally constructed in 1988, the building has undergone extensive capital improvements in recent years, including a full lobby renovation, complete exterior recladding, curtain wall replacement, HVAC modernization, and technology upgrades. 95 Wellington also holds WELL Core Platinum and Zero Carbon Building certifications, reflecting best-in-class sustainability performance and a workplace environment designed to foster tenant well-being.
The building is anchored by a high-quality roster of tenants across financial services, insurance, investment management, and consulting firms. Its efficient floor plates, averaging approximately 17,000 square feet, are well suited to boutique and mid-sized organizations, positioning the asset to capture leasing demand in a market increasingly focused on high-quality, well-located space.
Stikeman Elliot LLP acted as legal counsel for BGO.
About 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 with approximately $90 billion USD of assets under management (as of December 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 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.
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
Media Contact
Shayla Schipper
Director of Communications, BGO
media@bgo.com