LaSalle Acquires Two Winnipeg Office Buildings from Brookfield

The Brookfield Properties Consortium completed the sale on June 16, 2006 of two office properties and two development lots in Winnipeg, Manitoba to a fund managed by LaSalle Investment Management for a total consideration of $26.35 million. The Brookfield Properties Consortium consists of BPO Properties Ltd., the Canadian-based subsidiary of Brookfield Properties Corporation, a subsidiary of CPP Investment Board and a prominent Western Canadian-based institutional investor. The sale to LaSalle included the office buildings at 330 St. Mary and 175 Hargrave in Winnipeg, as well as two neighbouring development lots currently being utilized for surface parking.

LaSalle was represented by Blaney McMurtry LLP with a team led by Jeffery Freelan that included Shawn Wolfson and represented in Winnipeg by W. Parker Fillmore of Fillmore Riley LLP. BPO Properties was represented by D. Cameron Black, vice-president, legal counsel, and the Consortium was represented by Blake, Cassels & Graydon LLP with a team led by Rick Dawson that included Davis Foth and Lindsay Keele and represented in Winnipeg by Michael Willcock and Roger Gripp of D'Arcy & Deacon LLP.