Asset Management
Canadian Property Management
Business case assumptions evolve alongside ESG
Investors and lenders are expected to increasingly focus on the physical and transitional risks of climate change, in turn upending some conventional views of costs and value.
Canadian Property Management
Sustained industrial rent growth foreseen
Investors are expressing confidence in sustained industrial rent growth, as new supply is not expected to catch up with rampant demand any time soon.
Canadian Apartment Magazine
Multifamily rent slippage deemed temporary blip
Multifamily assets posted the largest year-over-year decline in net operating income among the four major sectors in the Canada Annual Property Index, while delivering a 7 per cent total return on investment for 2021.
Canadian Property Management
Updated model green lease attuned to the 2020s
REALPAC’s newly updated model green lease for Canadian office buildings introduces measures aligned with the broadening demand for ESG reporting and performance outcomes.
Canadian Property Management
Climate change and ESG pervade CRE projections
Climate change is more ominous than the spectre of regulations and taxes for a small majority of commercial real estate leaders responding to REALPAC’s recent survey of their expectations for the next decade.
Canadian Property Management
Dream to deploy CIB funds for deep retrofits
The Dream group of companies has obtained $136.6 million in financing from Canada Infrastructure Bank’s commercial buildings retrofit program, aligned with a 2035 target for a net-zero portfolio.
Canadian Property Management
Stricken asset classes now shaking off COVID
Office and retail were diagnosed as stricken asset classes early in the pandemic, but after 20 months on the disabled list, conventional venues for labour and shopping are rallying to fight for market share.
Canadian Property Management
Rare decisions have acute carbon consequences
Daily vigilance is central to achieving operational energy savings, but rare decisions typically have the most acute carbon consequences in buildings.
Canadian Property Management
ESG benchmarking tallies growing global uptake
The 2021 GRESB real estate results, slated to be released later this fall, will draw from a database of 1,520 entities collectively reporting on 117,000 assets valued at USD $5.7 trillion.
Canadian Facility Management & Design
Civic building inventory lags on capital repair
Ontario’s civic building inventory has fallen the farthest behind on capital repair among seven categories of municipal infrastructure assets scrutinized in a newly released report from the Financial Accountability Office of Ontario.
Canadian Apartment Magazine
Purpose-built rental pro formas under pressure
Developers are facing escalating material costs, supply chain disruptions and labour shortages in step with climbing vacancies and falling rental rates that were not contemplated 18 months ago.
Canadian Property Management
Retrofit funds tied to equity capital prereq
Retrofit proponents unable to contribute at least $6.25 million in equity capital will have to look to third-party interveners in order to tap into the Canada Infrastructure Bank’s $2-billion fund for commercial buildings.
Canadian Property Management
Cold storage gathers investment steam
Cold storage facilities are flagged to deliver robust returns to investors due to the evolution of food retailing, demand for vaccines and other pharmaceuticals, and the thriving outlook for the warehouse/distribution and logistics sector in general.
Canadian Facility Management & Design
Modest spending outlay for federal portfolio
The Canadian government expects to spend nearly $93 million to offset energy-related greenhouse gas emissions in its own portfolio, but $77.9 million of that is slated for unspecified “future years”.
Canadian Property Management
Deal begets BGO Strategic Capital Partners
BentallGreenOak has acquired Metropolitan Real Estate Equity Management from the Carlyle Group.
Canadian Property Management
New office supply poses backfill challenges
An influx of new office supply was always expected to shake up the status quo in the downtown Toronto market given that approximately two-thirds of the 8+ million square feet of space currently under construction is already preleased.
Canadian Property Management
Climate risk infuses investment agendas
Canadian commercial real estate assets are comparatively less exposed to the dire physical threats that extreme weather poses or has already served up in other global regions.