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Anbang seen buying Toronto tower for at least C$530m

Published Thu, Nov 17, 2016 · 09:50 PM
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Toronto

CHINA'S Anbang Insurance Group Co is set to purchase an office and retail tower in downtown Toronto that counts the Government of Ontario as a major tenant, according to people familiar with the deal.

Anbang is close to an agreement to buy the 30-storey building at 777 Bay St from closely held development and investment firm Canderel and pension-fund manager OPTrust for at least C$530 million (S$560 million), s…

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