Strategic aquisition in the heart of Toronto

December 12, 2025

A major transaction 

The Desjardins Group Pension Plan (DGPP) and Desjardins Global Asset Management (DGAM) have completed a major transaction in the Canadian real estate sector. The 2 partners acquired the office tower located at 70 York Street, in Toronto’s financial core, for $134.6 million. DGAM holds 60% of the investment, while DGPP holds 40%. 

A prestigious building 

Located just steps from Union Station and the PATH pedestrian network, this fully renovated 16-storey tower offers approximately 210,000 square feet of rental space. Currently 92.5% occupied, it houses top-tier tenants with a weighted average lease term of 6.8 years. According to Dominic Poulin, DGPP’s Head of Real Assets, “This reflects the quality of the location and the property.” 

A market in recovery 

Although the office market has faced challenges in recent years, Class A buildings in strategic locations such as Toronto are showing clear signs of recovery. For DGPP, this acquisition represents an opportunity to diversify its portfolio and strengthen its presence in a promising segment. 

A strategic partnership

​DGPP wishes to express its appreciation to its partner DGAM for this rare opportunity to acquire a prestigious asset at a competitive price. 

About the Desjardins Group Pension Plan (DGPP)

The DGPP is the pension plan for employees of Desjardins Group. It is a defined benefit pension plan with more than 86,000 beneficiaries. At the end of 2024, the DGPP's assets totalled 17.9 billion Canadian dollars, making it one of the largest private pension plans in Canada.

For more information, visit the DGPP website.