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Ontario Teachers Plan

The Ontario Teachers’ Pension Plan is the largest single-profession pension plan in Canada. An independent corporation, it invests the pension fund’s assets and administers the pensions of 278,000 active and retired teachers in Ontario. The Teachers’ member services team is committed to providing Ontario’s working and retired teachers with prompt, reliable pension services and information using web-based technologies alongside personal service offered by more than 50 Pension Benefits Specialists.

The Challenge

As the entity was entering a growth phase, the Teachers’ Pension Plan Board needed to expand its premises. Its goal was to achieve a competitive market transaction without relocating. The Teachers’ Pension Plan Board asked Savills to create leverage with the landlord to expand the premises.

Savills Response

Savills immediately put a negotiation strategy into place that was executed flawlessly. Savills sourced the real estate market and facilitated a process in which several building owners could “bid” for Teachers’ Pension Plan Board tenancy.

The Solution

Savills created value by skillfully negotiating leverage to position the Teachers’ Pension Plan Board’s tenancy in the marketplace effectively and realize extremely competitive and equitable lease terms.

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Key contacts

Stan Krawitz

Stan Krawitz

Vice Chairman – Founder, Head of Canada

Savills Toronto

+1 416 480 0745 Ext. 3030

 

Ken Norris

Ken Norris

Senior Vice President, Branch Manager – Ontario Office

Savills Toronto

+1 416 480 0745 Ext. 3047