Crown Hits Bay Street With New Property Management Contract

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April 2, 2015

TORONTO, ON--(Marketwired - April 01, 2015) - Today Crown Property Management Inc ("Crown") announced that it has been awarded the property management contract of 390 Bay Street ("Munich Re Centre"), Toronto by its owner, Munich Re. The classically designed building commands a strong presence in one of the most sought after locations in Toronto, offering 371,000 square feet of Class 'A' professional office and retail space connected to the city's PATH System. Floor plan layouts are distinctive in style. The flexible 12,000 square foot floor plates suit today's high-performing organizations looking for professional space that is close to the financial core and affordable. "Crown is committed to repositioning assets and creating exceptional workplaces for enterprising organizations," said Les Miller, Managing Partner, Real Estate Management, Crown Realty Partners. "Working closely with Munich Re, we are eager to reinvigorate Munich Re Centre while ensuring a high-quality, cost efficient and sustainable environment for its tenants."

"This is an exciting time for Munich Re, as we've just emphasized 390 Bay's strong brand with the addition of our bold new Munich Re signage high above Bay Street," said Philipp Wassenberg, President and CEO, Munich Reinsurance Company of Canada. "We look forward to partnering with Crown to further enhance Munich Re's brand and offerings."

Munich Re Centre is the latest addition to Crown's portfolio of over 5.2M square feet managed across the GTA and is a great addition to Crown's growing portfolio of downtown Toronto assets.


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