Vancouver (January 26, 2026) – BGO, a leading global real estate investment manager and provider of real estate services, today announced the successful acquisition of Oceanic Plaza, a 26-storey, Class A office tower prominently located in the heart of Canada’s top-performing office market at 1066 West Hastings Street in Vancouver, British Columbia.
Constructed in 1977 and substantially renovated between 2010 and 2020, Oceanic Plaza blends striking mid-century modern design with thoughtful, best-in-class sustainability features. The landmark asset totals approximately 351,000 square feet of rentable area on a 0.95-acre site with approximately 210 underground parking stalls. Currently 96% leased, Oceanic Plaza is supported by a diversified roster of high-quality professional tenants.
BGO Properties, the firm’s in-house property management, operations, and leasing platform, will provide comprehensive property management services focused on enhancing long-term performance.
Oceanic Plaza offers dual frontage along West Hastings and West Pender Streets and immediate access to the SkyTrain rapid transit network, Vancouver Convention Centre, Canada Place, and the city’s waterfront. The tower features protected north- and west-facing views of the North Shore Mountains and Burrard Inlet, providing a rare combination of premier Central Business District proximity and natural vistas that enhance tenant experience and long-term asset appeal.
“Oceanic Plaza exemplifies the type of high-quality, well-located office assets we seek in markets with strong long-term fundamentals,” said Ross Strowger, Managing Partner, Portfolio Manager, BGO. “This acquisition reflects our conviction in Vancouver’s dynamic office market, which continues to outperform other markets in North America, supported by low vacancy, limited new supply, and a deep pool of highly skilled technology and professional services talent. Together, these factors reinforce our commitment to investing in a landmark, best-in-class office asset like Oceanic Plaza at an attractive point in the cycle.”
With a market-leading sustainability profile, the Property holds LEED Gold, BOMA BEST Gold, WELL Health & Safety, Zero Carbon Building – Performance, and Rick Hansen Accessibility Certification designations. These accreditations reflect a robust ESG strategy focused on promoting continued tenant wellness, operational efficiency, and resilience.
JLL acted as vendor’s advisor for the transaction and Osler, Hoskin & Harcourt 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 $89 billion USD of assets under management (as of September 30, 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