Vancouver’s Concert Properties to manage Canada’s largest sustainable warehouseApril 19, 2017 5:43 pm
Vancouver-based Concert Properties Ltd.’s new commercial real estate fund has made its first acquisition – an 895,038-square-foot industrial facility in Brampton, ON.
CREC Commercial Fund LP was formed by Concert on October 1, 2016. It was announced on April 10, 2017 that the fund purchased a warehouse and distribution property situated on 37.4 acres at 8875 Torbram Road in Brampton, for $158.25 million.
The new building is the largest in Canada to receive a Leadership in Energy and Environmental Design (LEED) Gold Certification and is currently fully-leased by retail and logistics companies. It is located near Toronto Pearson International Airport.
Categorized in: Western Investor