GWL Realty Advisors has acquired a 502,496 square foot industrial portfolio spread over five buildings located at 3755, 3800 A&B Laird Road and 3500-3600 Ridgeway Drive in Mississauga, Ontario.

This acquisition was made on behalf of the Canadian Real Estate Investment Fund (CREIF) and the London Life Real Estate Fund (LLREF), two of Canada’s largest open-ended real estate segregated funds.

“We are pleased to have completed this transaction on behalf of the Segregated Real Estate Funds,” said Paul Finkbeiner, president of GWL Realty Advisors. “This acquisition aligns with our commitment to achieve the funds’ portfolio diversification objectives by purchasing high quality industrial assets.”

This industrial portfolio is well located in the node of Mississauga west and features buildings with modern construction and an efficient design.

“These properties are adjacent to a 1.6 million square foot industrial portfolio in the Laird and Ridgeway Business Park that is already owned by the Segregated Funds,” said Steven Marino, senior vice-president, portfolio management at GWL Realty Advisors. “We expect that they will provide strong returns for investors.”