The Cadillac Fairview Corporation Ltd. announced today that it has signed the RBC Financial Group and RBC Dexia Investor Services as lead tenants for a new office tower to be developed in Toronto’s financial district.

RBC Centre will be a 43-storey, office building at an estimated construction cost of $400 million. The new tower will be located on the southwest corner of Wellington and Simcoe Streets. RBC and RBC Dexia together will lease 410,000 square feet for a 15-year term.

“Cadillac Fairview is excited to be the developer of the most significant new building in downtown Toronto in the last 15 years,” said John Sullivan, senior vp of development.

“This is a very exciting development for us,” said José Placido, CEO of RBC Dexia Investor Services, a global custodian. “By bringing all our employees in Toronto together in one facility, we can accommodate our current and future growth needs, improve our efficiencies and better serve our clients.”

Construction on RBC Centre is scheduled to begin in July 2006 and slated for completion in 2009.

Cadillac Fairview is one of North America’s largest investors, owners and managers of commercial real estate. It is wholly owned by the Ontario Teachers’ Pension Plan.