Manulife Real Estate acquires York Mills Centre from Ivanhoe Cambridge

On December 12, 2011, Manulife Real Estate, the global real estate arm of Manulife Financial Corporation, completed its purchase of York Mills Centre from Ivanhoe Cambridge for a total purchase price of $161 million. York Mills Centre is a four building, 549,000 square foot, class ‘A’ suburban office complex with a tenant roll that includes Royal Bank of Canada as main tenant.

Manulife Real Estate was represented by in-house counsel Nathaniel Margolis (of John Hancock Financial Services, Manulife Financial’s U.S. subsidiary) and by McMillan LLP, with a team led by Bill Rowlands and including Matt German (Real Estate) and Janine MacNeil (Competition).