LCBO Head Office Lands Sale

Location:
Toronto
Project Type:
Commercial
Infrastructure Type:
Other
Client:
LCBO

About the Project:

The sale of the LCBO Head Office Lands at 55 Lake Shore Boulevard East (“LCBO Lands”) presented the opportunity to maximize the use and value of this property and realize revenues for the Province. Infrastructure Ontario, on behalf of the LCBO, was enlisted to lead the procurement process and worked with the LCBO to select a purchaser for the LCBO Lands. 

Project Status

Request for Proposals (Stage 1): September 2014

Request for Proposals (Stage 2): May 2015

Request for Proposals Close: September 2015

Disposition and Sale Completion: May 2016

IO's Role

Infrastructure Ontario issued a Request for Proposal (RFP) for the sale of the site in September 2014. The RFP process provided the government with the best opportunity to deliver the business needs of the LCBO while also maximizing the value of the LCBO Lands. Following closing of the RFP in September 2015, evaluation of proposals and negotiations lead by the LCBO, Menkes Development Ltd. was selected as the successful purchaser. 

Infrastructure Ontario has extensive real estate experience in large, complex transactions and a track record of providing value for money to taxpayers, and is happy to have led the procurement for this unique waterfront site.