Financial Services >> CEO Interviews >> September 1, 2003
PHILIP REICHMANN is Chief Executive Officer at O&Y Real Estate
Investment Trust and a Director of O&Y Properties Corporation and Chief
Executive Officer and a trustee of O&Y REIT. He began his formal career
as a commercial leasing representative at Olympia & York Developments
Limited, in 1978. In subsequent years, he was also involved in the
development of the World Financial Center in New York and Canary Wharf
in London, England. In 1993, together with his partner, Frank Hauer, Mr.
Reichmann formed O&Y Properties Inc. to manage and lease a portfolio of
10 office properties consisting of 9 million square feet. In July 1997,
he acquired controlling interest in Camdev Corporation and amalgamated
O&Y Properties Inc. and Camdev Properties Inc. to form O&Y Properties
Corporation, a national property ownership and management company with
approximately 25 million square feet under management and an owned
property portfolio of 2.5 million square feet. Subsequent property
acquisitions in Toronto, Calgary, Winnipeg and Halifax increased the
portfolio to 5.6 million square feet. In May 1998, he purchased
Enterprise Property Group, a privately owned manager of third party
commercial properties, now known as O&Y Enterprise. In September 1999,
he acquired a 100% interest in First Canadian Place, a 2.7 million
square foot office and retail complex in downtown Toronto. And in June
2001, created O&Y Real Estate Investment Trust, a real estate investment
trust focused on the ownership of commercial office buildings across
Canada. Profile
Mr. Reichmann: O&Y REIT is a publicly traded Canadian office property
REIT with focus and emphasis on multi-tenant and
