Office · Toronto, Canada
CIBC SQUARE
—, Toronto, Canada
Verified
sourcedmodeled1 of 6 sourced
Ownership & debt
Ownership chain & debt stack
Owner of record: Hines / Ivanhoé Cambridge (50/50 joint venture).
3 recorded holders · 2 beneficial owners · chain resolves 2 levels, with each holder's interest percentage and class.
1 debt tranche on file — lender, principal, rate and maturity.
Financials
Financial model
Effective gross income, operating expenses, DSCR, cash-on-cash, mark-to-market and replacement cost — the income side of the underwrite.
Tenants & leasing
Tenant roster & leasing
4 tenants of record, with GLA, floor, lease expiration and base rent — plus occupancy, WALT and the rollover stack.
Underwriting
Underwriting
Unlevered and levered IRR, equity multiple, exit math and a live sensitivity grid — built on the NOI, the debt stack and the rent roll above.
Provenance footnotes
- Current value: Single source — SustainableBiz Canada (corroborated by Hines and Ivanhoé Cambridge / La Caisse press releases) · https://sustainablebiz.ca/ivanhoe-hines-record-780m-green-loan-cibc-square · observed 2021
- $/SF: Estimated — no sourced claim on file.
- GLA: Estimated — no sourced claim on file.
- Ownership — Hines / Ivanhoé Cambridge (50/50 joint venture): Single source — hines.com · https://www.hines.com/properties/cibc-square-toronto
Modeled figures — LTV, debt yield, DSCR, cash-on-cash, occupancy, WALT, tenant concentration are derived arithmetic, not sourced claims. Not investment advice.
Anchoring begins when the asset enters the live ledger.