La Caisse (formerly CDPQ) and Beedie, a Canadian owner and developer of industrial, commercial and residential real estate, have launched a strategic partnership to acquire and develop industrial real estate assets across major Canadian markets.
The partnership will look to capitalize on evolving market conditions and favorable long-term demand drivers for well-located industrial space, with an acquisition target of up to $2 billion in gross asset value for industrial assets across the full spectrum of risk profiles in key Canadian markets, including British Columbia, Alberta, Ontario and Québec.
The joint venture is launching with a $1 billion seed portfolio of premier industrial assets located in Metro Vancouver, Calgary and Toronto. The portfolio includes five income-producing properties totaling more than 2.5 million square feet of leasable area, as well as one development project that is expected to deliver approximately 200,000 square feet of leasable area. The
