Postmedia Network Inc. today announced it has entered into a lease agreement with 365 Bloor Street East in downtown Toronto. The building will be renamed by Postmedia.
“Our new head office will provide us with a modern and innovative space that will give us a strategic and convenient location for our business and a great working environment for employees,” said Paul Godfrey, President and Chief Executive Officer, Postmedia. “We look forward to the energy of a downtown location, located near many of our largest clients in a space that is custom-tailored to suit our needs.”
Postmedia has signed a 15-year lease that commences on December 1, 2013 for space on several floors of the 19-storey building and includes signage rights on all four sides of its exterior. The new space will house Postmedia’s corporate head office, integrated advertising and digital groups and the National Post.
“We are thrilled to have Postmedia and National Post as anchor tenants at our recently repositioned downtown building,” said Michael Latner, one of the building owners. “365 Bloor East has been reengineered and restored to a new modern corporate standard and we are pleased that Postmedia has selected it as its new home.”
Colliers International, Canada’s largest commercial real estate services company, acted as representatives of both Postmedia and 365 Bloor East in connection with the lease.
About Postmedia Network Inc.
Postmedia Network Inc., a wholly owned subsidiary of Postmedia Network Canada Corp. (TSX:PNC.A, PNC.B), is the largest publisher by circulation of paid English-language daily newspapers in Canada, representing some of the country’s oldest and best known media brands. Reaching millions of Canadians every week, Postmedia Network engages readers and offers advertisers and marketers integrated solutions to effectively reach target audiences through a variety of print, online, digital, and mobile platforms.