Sun Life to acquire Bentall Kennedy for C$560m
Sun Life Financial has agreed to acquire Bentall Kennedy for a purchase price of C$560 million ($450 million). Bentall Kennedy is a real estate investment manager with 132 million square feet of assets under management across the United States and Canada.
“For more than 100 years, Bentall Kennedy has been providing top-ranked service and strong performance for its clients. My colleagues and I are excited to take this next step in our evolution,” said Gary Whitelaw, CEO of the Bentall Kennedy, in a statement. “Sun Life is a strong, highly regarded and extremely well-run financial services organization. We share a deep commitment to investment management as a core business. This combination enables Bentall Kennedy to further advance its mission to stand apart for exceptional client service and high performance culture, all with a strong commitment to environmental, social, governance and responsible property investment principles.”