On September 22, 2005, Toronto Waterfront Revitalization Corp. recently completed the acquisition of a prime waterfront property at the foot of Yonge Street in Toronto from Torstar Corp. (the Toronto Star newspaper’s parent company), and its subsidiary Metroland Printing, Publishing&Distributing Ltd. Consideration for the 1.4 acre parcel, which included an assignment of Metroland’s ground leasehold interest with the Toronto Port Authority, was approximately $12.2 million. The highly publicized acquisition marks an important step in the planned $1.5 billion redevelopment of Toronto’s waterfront. Toronto Waterfront Revitalization Corp. was represented by in-house counsel Victor Wong, and by Stephen Waqué and Catherine Bray of Borden Ladner Gervais LLP.