Media Release

More than 1 million square feet of office space planned near award-winning AeroCentre V in Mississauga

The Healthcare of Ontario Pension Plan has acquired a 33-acre property near Pearson International Airport, and is planning to develop more than 1.1 million square feet of office space, and 75,000 square feet of commercial space.

The news comes on the heels of HOOPP receiving gold LEED status for its AeroCentre V development, located nearby.

Real estate is essential to HOOPP's ability to deliver pension benefits to the 260,000 working and retired nurses, x-ray technologists, dietary aides and other healthcare workers who depend on it, says HOOPP President & CEO John Crocker. "Real estate provides steady income – much like the pensions we provide," he says. "It's a natural fit to our portfolio."

The project will be a plus for Mississauga area businesses, says Lisa Lafave, HOOPP's Senior Portfolio Manager. "The project will cater to what businesses in the area have been seeking for many years – high-performance work environments with access to amenities and efficient public transportation connecting to the subway system."

HOOPP will work to high LEED-gold standards on the new development, says Lafave. "There's no question that people want healthier buildings – and that's the direction HOOPP will continue to head," she says.