Oct. 14 (Bloomberg) -- Oxford Properties, a unit of the Ontario Municipal Employees Retirement System, and CPP Investment Board plan to build a 30-storey office tower in downtown Toronto.

Royal Bank of Canada, the country’s largest lender, will occupy about 60 percent of the 930,000 square-foot space, Oxford and CPP said today in a statement.

--Editor: David Scanlan

To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net.

To contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net; David Scheer at dscheer@bloomberg.net.