Ģý

You are now in the main content area

$10M gift from Jack Cockwell facilitates acquisition of Queen St property

Ģý acquires interest in 2 Queen Street East, further supporting Campus Master Plan recommendations
December 03, 2024
The exterior of 2 Queen Street East

Ģý has made a partial acquisition of 2 Queen Street East to help consolidate various office uses into owned space.

A significant gift from Jack Cockwell and Brookfield Partners Foundation is making it possible for Ģý to expand its campus footprint. Ģý has acquired part of 2 Queen Street East,  which is a 10 minute walk from campus, adjacent to St. Michael’s Hospital, and located on the future Ontario line. This acquisition provides the university with more office space, and room for research growth in space that is partially owned by Ģý.

Jack Cockwell, a long-time member of Ģý’s Board of Governors, and director and former President and CEO of Brookfield Asset Management Inc., has donated $10 million to secure the acquisition of space.

“We are incredibly grateful to Jack Cockwell and Brookfield Partners Foundation for their generous gift,” said Mohamed Lachemi, president and vice-chancellor at Ģý. “The property, 2 Queen Street East, is in a vital part of the city and helps us to expand our campus footprint. Thank you, Jack, for facilitating this exciting growth opportunity.”

Jack Cockwell.

Jack Cockwell, pictured, helped facilitate the property acquisition with a $10 million gift.

Jack Cockwell is Ģý’s most generous individual donor. He has supported initiatives such as the Daphne Cockwell Health Sciences Complex, the Sheldon and Tracy Levy Student Learning Centre, the former Brookfield Institute for Innovation and Entrepreneurship (now part of ) and the Daphne Cockwell School of Nursing, among others.

The acquisition of 2 Queen Street East will provide Ģý with 4.5 floors of office space within the building. This directly supports Ģý’s Campus Master Plan recommendations to consolidate and start to reduce Ģý’s reliance on leased space. Over the next year, occupancy plans will be developed, balancing cost considerations and seeking to open up more space on campus for student-centred activity.  

“This acquisition provides Ģý with room for growth and moves us away from investing improvements into various buildings owned by others,” said President Lachemi.

Share This

More News