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Allied Properties Looks To Sell Toronto Data Centres Valued at $1.3 Billion

Bank of Nova Scotia Hired To Explore Sale
Allied Properties is looking to sell its data centres in downtown Toronto, including this one on Front Street. (Lori Smith, CoStar)
Allied Properties is looking to sell its data centres in downtown Toronto, including this one on Front Street. (Lori Smith, CoStar)
CoStar News
November 24, 2022 | 9:25 P.M.

Allied Properties REIT, which has a real estate portfolio it values at $11.7 billion, is looking to sell its urban data centres in a move that comes with the office market — the focus of its larger holdings — showing a slow recovery.

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