Industrial
Canadian Facility Management & Design
Subsidy to ease industrial site approval costs
Industrial land owners in Ontario could qualify for up to $25,000 to reimburse 50 per cent of the costs of municipal and provincial planning and environmental studies.
Canadian Property Management
Office market turnaround delayed at least to Q4
A fourth wave of COVID-19 stalled hopes for an office market turnaround in the third quarter of 2021, while demand for industrial space continued unabated.
Canadian Property Management
Real estate deals hit record volume in Q2
Nearly $14 billion worth of commercial real estate transactions closed in the second quarter of 2021, making it Canada’s most active quarter ever for non-M&A investment volume.
REMI Network
Green goals for adaptive reuse of vacant Hamilton warehouse
An industrial warehouse in Hamilton’s East Bayfront neighbourhood is transforming into a sustainable waste management facility that will produce about $2 million worth of organic fertilizer daily.
Canadian Property Management
U.S. infill light industrial fits Oxford’s aims
The USD $2.2-billion (CAD $2.7 billion) deal involves 149 warehouse/distribution buildings located in 12 major metropolitan markets throughout the United States.
REMI Network
LaSalle purchases GTA logistics portfolio
LaSalle Investment Management has acquired three industrial buildings in the Greater Toronto Area through its core real estate fund in Canada. This purchase reduces the fund's overall exposure to the office market.
Canadian Property Management
Blackstone offers premium on WPT REIT units
Blackstone Real Estate Income Trust has entered into an agreement to acquire WPT Industrial REIT's U.S.-based portfolio of distribution and logistics facilities for USD $3.1 billion.
Canadian Apartment Magazine
Investment performance expectations rally in Q2
Recently released results of the REALPAC/Ferguson Partners Canadian Real Estate Sentiment Survey show industry executives in a more upbeat mood in Q2 2021 than was the case 12 months earlier.
Canadian Property Management
Investors avidly pursuing industrial properties
Market analysts anticipate more capital flowing into the sector as vacancies tighten and rental rates rise, and they warn that available space is nearing depletion in Vancouver, Toronto and Montreal if leasing continues at the recent pace.
Canadian Property Management
Canadian CRE players report 2021 portfolio data
Nearly 200 respondents who collectively own and/or manage more than 2.2 billion square feet of space reported to the 26th annual Who's Who in Canadian Real Estate survey.
Canadian Facility Management & Design
New owner for long idle Ford assembly plant site
Broccolini's acquisition takes one of the largest available tracts of industrially zoned land in Canada off the market.
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
Great Lakes figure in low-carbon logistics
A new shortsea service will forge a marine link from container facilities at the Port of Hamilton to the Port of Montreal.
Canadian Property Management
Light industrial set for heavy property tax hit
Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.
REMI Network
Walmart building first distribution centre in Atlantic Canada
The $56-million project will be designed with sustainability in mind, such as reducing long haul distances with products much closer to stores.
Canadian Property Management
GTA’s Q1 2021 investment sales surpass Q1 2020
Industrial assets and development land accounted for more than 50 per cent of investment sales value in Q1 2021 with trade activity in both sectors far outpacing deal-making in the pre-pandemic months of 2020.
Canadian Property Management
Nexus REIT bumping up industrial weighting
Nexus REIT has entered agreements to acquire five single-tenant industrial buildings, which would add 609,000 square feet of gross leasable area to its portfolio.