REMI

Asset Management

Business case assumptions evolve alongside ESG

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.
Investors foresee sustained industrial rent growth

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.
multifamily rent slippage deemed temporary blip

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.
REALPAC releases updated model green lease

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.
Climate change and ESG pervade CRE projections

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.
Cape Breton

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.
Stricken asset classes shaking off COVID

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.
emissions

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.
ESG benchmarking tallies continued global uptake

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.
Ontario's civic building inventory scrutinized for asset condition

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.
Purpose-built rental pro formas under pressure

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.
Retrofit proponents must contribute 20 per cent equity capital to tap into the Canada Infrastructure Bank's fund for commercial buildings

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.
Cold storage facilities emerging as alternative investment asset class

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.
Modest spending outlay promised for Canadian government's own portfolio

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”.
BentalGreenOak launches BGO Strategic Capital Partners

Canadian Property Management

Deal begets BGO Strategic Capital Partners

BentallGreenOak has acquired Metropolitan Real Estate Equity Management from the Carlyle Group.
New office supply poses backfill challenges

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.
Climate risk infuses real estate investment agendas

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.