04:22:22 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Dream Office Real Estate Investment Trust
Symbol D
Shares Issued 32,623,208
Close 2023-08-22 C$ 12.90
Market Cap C$ 420,839,383
Recent Sedar Documents

Globe says Dream Office spiffing up old TO buildings

2023-08-22 07:26 ET - In the News

The Globe and Mail reports in its Tuesday edition that eight office towers built in the first half of the 20th century in Toronto's financial district are being renovated to attract 21st-century tenants. The Globe's special columnist Wallace Immen writes that these buildings have been branded the Dream Collection. Dream Office REIT development head Brad Keast says: "These buildings have been operating for 80 to 100 years and no one builds them like this any more. We want to bring them back to their original glory to make them last for another 100 years." He adds, "People spend more waking hours at the office than at home, so we want make sure the buildings have the elevated charm and character that luxury hotels have to offer." As part of the project, a former alleyway was reimagined into an elegant restaurant patio. CBRE Canada senior vice-president of tourism consulting Rebecca Godfrey says it is a growing trend to activate office lobbies and common spaces to attract remote workers back to the office and better integrate with the surrounding community. Ms. Godfrey says, "Landlords can bridge the transition of the return to the office by maintaining visibility and tenant interest in their public spaces."

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