Hines is targeting Toronto, Montreal, Vancouver and Calgary for real estate acquisition and development through its newly announced CAD $2-billion Canadian investment vehicle. The privately owned global real estate investment firm holds USD $90.3 million in assets under management, including about 14 million square feet of commercial properties in Canada.

Through the new venture, Hines promises to pursue prominent office, multifamily and mixed-use assets and well-placed development sites in the four key markets. The firm currently has nearly 200 development projects in progress worldwide.

“There are significant opportunities to invest in the highest-quality assets in the Canadian market,” observes Alfonso Munk, Hines’ chief investment officer for the Americas.

“Canada offers a stable investment climate and with this capital at our disposal, we can act quickly and scale faster than ever, working with our local partners to bring the talent and the capital to get projects realized,” concurs Avi Tesciuba, Hines head in Canada.