The sale of the LCBO Head Office Lands at 55 Lake Shore Boulevard East (“LCBO Lands”) offers the opportunity to maximize both the use and value of this property and realize revenues for the Province. Infrastructure Ontario, on behalf of the LCBO, will be leading the procurement process and will work with the LCBO to select a purchaser for the LCBO Lands. Infrastructure Ontario has extensive real estate experience in large, complex transactions and a track record of providing value for money to taxpayers.
The LCBO Lands include the LCBO Head Office, located at 55 Lake Shore Boulevard East, the LCBO warehouse facility at 43 Freeland Street and the adjoining land, and the LCBO store building at 2 Cooper Street adjacent to Queens Quay East.
On September 4, 2014, Infrastructure Ontario issued a Request for Proposal (RFP) for the sale of the site. The RFP process provides the government with the best opportunity to deliver the business needs of the LCBO while also maximizing the value of the LCBO Lands. It also provides a mechanism for potential purchasers to become familiar with project risks, expectations and requirements of the sale prior to submitting a fully informed and viable proposal.
The RFP for the sale of the LCBO Lands has been posted on the MERX website (www.Merx.com/infrastructureontario).
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