The Cadillac Fairview Corporation Limited

The Cadillac Fairview Corporation Limited
TD Bank Group

September 08, 2011 09:04 ET

Living Roof Planned for Toronto-Dominion Centre: TD Bank Group and Toronto-Dominion Centre Partner on Green Initiative

TORONTO, ONTARIO--(Marketwire - Sept. 8, 2011) -

Editors Note: There is a photo associated with this press release.

TD Bank Group (TD) (TSX:TD)(NYSE:TD), Cadillac Fairview and Toronto-Dominion Centre (TDC) are proud to announce plans for the development of a Living Roof. It will be located on the roof of the iconic TD pavilion, located at the corner of King and Bay Streets in the heart of Toronto's financial district. The Living Roof, atop one of Toronto's most identifiable buildings, will be a bold expression of Cadillac Fairview's and TD's continued leadership and organizational-wide commitment to a dynamic and comprehensive environmental plan that is both alive and measurable. The design for the roof has received input and support from Heritage Toronto.

The idea for a Living Roof was inspired by TDC Green Council, the advisory group for occupant engagement and sustainability at Toronto-Dominion Centre. David Hoffman, General Manager of the Toronto-Dominion Centre, notes, "The Green Council is made up of tenant representatives who act as the advisory group for developing and driving TDC's engagement program, acting as the catalyst for sustainability. Since its establishment in February 2010, the Green Council has made it clear, through their commitment to action, that sustainability is a core value of TD Centre tenants. The Living Roof represents those values and is a bold expression of working together for environmental stewardship."

Construction is expected to begin within the next few weeks and planting will commence in the spring of 2012. The Living Roof will cover most of the 22,000 sq. ft. roof and will be made up of Creek Sedge Grass, a plant species adaptable to the shady conditions of the site and hardy enough to thrive in the Toronto climate.

A Living Roof is much more than an environmental statement. It's a living and active contributor to a healthier city. These are some of the benefits to the community:

  • Helps to reduce the urban heat-island effect caused by building materials that retain heat
  • Provides insulation from solar heat gain, reducing energy needs associated with cooling
  • Retains rainwater, reducing storm water run-off
  • Provides vegetated areas in urban landscapes that contribute to improving air quality
  • Enhances the biodiversity of the area

Enhancing the environmental quality of the space where its employees work, conserving energy wherever possible, and supporting environmental initiatives in the communities it serves are priorities for TD, which is committed to being an environmental leader and was the first North American-based bank to be carbon neutral. "The Living Roof is a great example of the practical application of green building design to enhance building performance and provide environmental benefit," says Karen Clarke-Whistler, TD's Chief Environment Officer.

Cadillac Fairview has long been committed to environmental stewardship at Toronto-Dominion Centre, and to date, 77 King Street West and TD Waterhouse Tower (79 Wellington Street West) have achieved LEED Gold EB: O & M certification with all Toronto-Dominion Centre towers on schedule to receive LEED certification by 2013. Achieving LEED Gold is a testament to Toronto-Dominion Centre's commitment to preserving the timeless design of architect Mies van der Rohe while offering uncompromising service, comfort and energy efficiency to the tenants of the TD Centre.

About Toronto-Dominion Centre

The 4 million sq. ft. Toronto-Dominion Centre is one of North America's largest business communities and home to 21,000 office employees. Due to its visionary design, unequalled size and central location, this international landmark has played a significant role in the success of a generation of Canada's most innovative and extraordinary business leaders. The Toronto-Dominion Centre consists of six buildings: Toronto Dominion Bank Tower (and the TD Bank Pavilion), 77 King Street West, 100 Wellington Street West, TD Waterhouse Tower, Ernst & Young Tower and 95 Wellington Street West. For more information, please visit us on-line:

About Cadillac Fairview

The Cadillac Fairview Corporation Limited is one of North America's largest investors, owners and managers of commercial real estate. For more than 50 years, Cadillac Fairview has been a leader in commercial real estate thank to its innovative designs, development and management. Cadillac Fairview focuses on developing and managing high quality office properties and regional shopping centres across North America as well as international investments in real estate companies and investment funds. With a portfolio valued at more than $19-billion and close to 49-million square feet of leasable space, Cadillac Fairview and its affiliates own and manage 87 properties across the continent, including some of Canada's landmark developments, including the Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre and Chinook Centre.

Cadillac Fairview is wholly owned by the Ontario Teacher's Pension Plan, which invests to secure the retirement income of 295,000 active and retired teachers in Ontario. For more information, please visit us online:

About TD Bank Group

TD Bank Group is the sixth largest bank in North America by branches and serves approximately 20 million customers in four key businesses, operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust, TD Insurance, and TD Auto Finance Canada; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America's Most Convenient Bank, and TD Auto Finance U.S.; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than seven million online customers. TD had CDN$665 billion in assets on July 31, 2011. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

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