Canada Lands Company
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Location
Canada Lands Company
1 University Avenue, Suite 1200
Toronto, ON M5J 2P1 Canada
Canada Lands Company CLC Limited is a federal Crown corporation that was created to optimize the financial and community value obtained from surplus properties no longer required by the Government of Canada. The company is self-financing and implements innovative property solutions to create strong and competitive communities where it operates. Since its inception, it has distributed hundreds of millions of dollars to the Government of Canada.
BUSINESS
Canada Lands Company CLC Limited's mandate is to ensure "the commercially oriented, orderly disposition of selected surplus federal real properties with optimal value to the Canadian taxpayer and the holding of certain properties."
In carrying out its mandate, Canada Lands sees "optimal value" as pertaining to both financial and non-financial community value. The company is sensitive to local real estate market conditions and follows transparent operating processes. It purchases surplus strategic properties from the government which:
- possess significant development potential;
- require innovative planning, rezoning, servicing or environmental remediation; or
- have specific sensitivities.
AREAS OF EXPERTISE
Canada Lands has successfully developed core competencies in a number of business lines through its activities related to the properties under its ownership. These include:
Sale of Properties
As part of its mandate, Canada Lands optimizes the financial and community value obtained from surplus strategic federal properties, and then holds or sells them to obtain the best value for the government and people of Canada...
Development
Significant properties transferred to Canada Lands usually require planning and development before they are ready to be reintroduced into the fabric of the local community...
Environmental Remediation
Canada Lands' commitment to leave a lasting legacy in communities is exemplified through its remediation of the former Canadian National Railway Shops property in Moncton, New Brunswick...
Build To Suit
Canada Lands has custom-designed many developments to meet the specific needs of companies and government departments across the country...
Property Management
Canada Lands' property management team is committed to providing the highest level of service to its tenants through proper maintenance and efficient operation of all building equipment, systems and features...
Tourism and Hospitality
Canada Lands is the owner and operator of Canada's National Tower (CN Tower), the centre for tourism in Toronto.
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