Dec 3, 2010

The Globe and Mail is building itself a new home in Toronto’s trendy King West neighbourhood.

According to the Globe and Mail, Woodbridge Co. Ltd., a private holding company that manages the assets of Canada’s Thomson family – including a majority stake in global information company Thomson Reuters Corp. and an imminent majority stake in The Globe and Mail – said on Thursday it will invest in new office space for the newspaper.

The new headquarters will likely be on Wellington Street West, near the site of its current home on Front Street West.The past several years have seen a flurry of hotel and condo development in the King West Neighborhood (aka Freedville), and so the Globe and Mail will have lots of company in its new area.

Supposedly, the incentive for the move is that the Globe’s current headquarters are behind the times. “You can’t walk through the front door of this building any more and say, ‘This is what a modern media company looks like,’” said Geoff Beattie, chief executive officer of Woodbridge.

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