{"id":503441,"date":"2026-02-27T17:01:10","date_gmt":"2026-02-27T17:01:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/503441\/"},"modified":"2026-02-27T17:01:10","modified_gmt":"2026-02-27T17:01:10","slug":"regional-group-acquires-slater-street-office-tower-from-manulife","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/503441\/","title":{"rendered":"Regional Group acquires Slater Street office tower from Manulife"},"content":{"rendered":"

Regional Group has acquired a 18-storey highrise at 150 Slater St., marking the first major sale of a downtown Ottawa office building to a private buyer in nearly three years.<\/p>\n

The Ottawa-based firm announced Friday it has purchased the class-A office tower, which has served as the headquarters of Export Development Canada since it opened in 2011, from Manulife Investment Management.\u00a0<\/p>\n

Financial terms of the transaction, which closed on Thursday, were not disclosed.<\/p>\n

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\n\t\t\t\tIconic spaces, lasting impressions\t\t\t<\/a><\/p>\n

The Canadian Museum of History and the Canadian War Museum offer more than beautiful spaces; they provide meaningful settings celebrating heritage, culture and design. An architectural landmark overlooking Parliament Hill<\/p>\n

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\n\t\t\t\tIconic spaces, lasting impressions\t\t\t<\/a><\/p>\n

The Canadian Museum of History and the Canadian War Museum offer more than beautiful spaces; they provide meaningful settings celebrating heritage, culture and design. An architectural landmark overlooking Parliament Hill<\/p>\n

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\n\t\t\tRead More\t\t<\/a><\/p>\n

It\u2019s the largest deal in Regional Group\u2019s 68-year history and the firm\u2019s first acquisition of a downtown office property.<\/p>\n

\u201cIt\u2019s a landmark building and a landmark transaction for the company,\u201d Regional Group vice-president of acquisitions Sachin Anand told OBJ on Friday morning.\u00a0<\/p>\n

\u201cWe\u2019ve been historically a suburban landlord, especially with regards to our class-A office space. This was a great way to accomplish a downtown ownership strategy, have a best-in-class building, get size and critical mass without having to buy a bunch of buildings. For us, the stars aligned on this being a great entrance to downtown.\u201d<\/p>\n

The 477,448-square-foot tower at the corner of Slater and O\u2019Connor streets is fully leased. EDC occupies about 98 per cent of the space on a lease that expires in 2031, and the remainder of the building is leased to ground-floor retailers.<\/p>\n

The deal is the second major transaction in recent days involving a downtown office building. Earlier this month, Morguard announced it was selling a 14-storey tower at 131 Queen St.<\/a> to Public Services and Procurement Canada in a deal that\u2019s expected to close in August.<\/p>\n

It\u2019s also the biggest office deal involving a private-sector buyer since the spring of 2023, when Montreal-based Groupe Mach acquired the 27-storey highrise at 160 Elgin St. from H&R REIT for $277 million<\/a>.<\/p>\n

More to come\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"Regional Group has acquired a 18-storey highrise at 150 Slater St., marking the first major sale of a…\n","protected":false},"author":2,"featured_media":503442,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194295],"tags":[49,48,20739],"class_list":["post-503441","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ottawa","tag-ca","tag-canada","tag-ottawa"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/503441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=503441"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/503441\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/503442"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=503441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=503441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=503441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}