News
Toronto Sustainability

Concert Acquires Remaining Interest in OPP Modernization Project

Concert Infrastructure is now sole owner of the Ontario Provincial Police Modernization project and its company, Shield Infrastructure Partnership. The Vancouver developer acquired the remaining 50% stake in the venture, held by HOCHTIEF PPP Solutions. Completed in 2012, the project entailed construction of new OPP facilities in 16 communities, including a regional HQ in Orillia (above). All of the facilities—detachments, regional HQs and forensic identification units—are LEED-certified and publicly owned assets. Concert has refinanced the project’s long-term bank debt via the issuance of a "green bond," part of a provincial program supporting sustainable infrastructure projects.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Toronto Newsletters
Related Stories

Boston Property Owners Raise Alarms About Cost Of Electric-Building Push

A $200M Solar Project Offers Rent-Stabilized Landlords A Rooftop Repair Lifeline

Working Toward A Greener Future At Bisnow's Boston Sustainability Event

Pimco's Latest CRE Investment Play: Rehabbing Older Assets With Eye On Climate

New Deadline Means £600B Of Property Needs An Energy Upgrade By 2031

Property Owners' Efforts To Green Their Buildings Are Hitting A Wall

LaSalle Investment Management Bucks Political Trends With $500M Green Fund

HUD, USDA Seek To Roll Back Energy-Efficiency Building Requirements

Why Adgar Canada Believes People Make The Difference In A Successful Office Property

LaSalle Raises $370M For Its First Global Decarbonization Fund

Tom Steyer's Real Estate Decarbonization Investment Firm Hits $1B In Funding

Wall Street Impatient For Big Tech Returns On Data Center Spending