Innovation became their trademark, as the company revolutionized the design of apartment buildings. Features that are taken for granted now, such as health club facilities, individually controlled heating and air conditioning, underground parking, and grounds landscaped with trees and fountains, were pioneered by Cadillac Development.
By December 1999 the new Cadillac Fairview was on its way to becoming a wholly-owned subsidiary of the Ontario Teachers’ Pension Plan whose relationship with Cadillac Fairview began in 1995 (when Cadillac Fairview was publicly traded, Teachers’ was the largest shareholder holding approximately 21.8% of the outstanding common shares.) Teachers’, with over $68 billion in assets, saw the acquisition of Cadillac Fairview as an excellent opportunity to attain a desired level of allocation in the real estate sector while providing a good level of return for the active and retired Ontario teachers for whom it invests. The acquisition was finalized in mid-March 2000. For more information, please visit Ontario Teachers’ Pension Plan.
Today Cadillac Fairview possesses one of North America’s finest portfolios of retail and office properties. Buoyed by an expanding economy and strong consumer and business confidence, the company is ideally positioned for continued growth. Tremendous opportunities for external growth through strategic acquisitions and development, as well as internal growth through innovative leasing and property management will continue to build Cadillac Fairview’s reputation as one of North America’s largest and most dynamic real estate organizations.