April 3, 2006

New RBC office tower will conform to Silver level criteria under LEED

TORONTO, ONT-Cadillac Fairview has signed the RBC Financial Group and RBC Dexia Investor Services as lead tenants for a new office tower to be developed in downtown Toronto. Costing an estimated $400 million to build, the RBC Centre will be a 43-storey, 1.2-million-square-foot structure on the southwest corner of Wellington and Simcoe Streets across from Roy Thomson Hall. Its designers, the architectural firms of Bregman + Hamann and Sweeny, Sterling, Finlayson & Co (both of Toronto) and Kohn Pedersen Fox Associates, based in New York, have incorporated features which will make the RBC Centre a leading example of the latest building technology and environmental design in Canada, conforming to Silver level criteria under the Leadership in Energy and Environmental Design (LEED) green building rating system, a voluntary standard for developing high-performance, sustainable buildings. Design features will include an 18-inch raised floor throughout, floor-to-ceiling glass, flexible heating, ventilation and air conditioning (HVAC) controls allowing individual cooling at low cost, and sensors that monitor light requirements. The tower's operational infrastructure will be tied into Toronto's deep lake water cooling and steam heating system, in order to maximize efficiencies and minimize operating costs. Construction is scheduled to begin in July 2006, with completion slated for 2009. RBC and RBC Dexia together will lease 410,000 square feet for a 15-year term.

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