Thomson family sells land where Globe and Mail was considering to call home
Thomson Reuters Chairman David Thomson. REUTERS/Mark Blinch
The Thomson family's holding company has reportedly inked a deal to sell a high-profile parcel of land in downtown Toronto, on which the Globe and Mail was considering moving its headquarters.
Woodbridge Co. signed the deal last week with three property developers for a parcel of land at Front St. W. and Spadina Ave., Edward Sonshine, the chief executive of one of the developers, RioCan Real Estate Investment Trust, told the Wall Street Journal.
Last November, Woodbridge sold the Globe and Mail's existing head office site to RioCan and its partners, Allied Properties Real Estate Investment Trust and Diamond Corp., for $136 million.