Identifier : Acquisitions

Investissements immobiliers Crestpoint Ltée (Crestpoint) a annoncé aujourd’hui l’acquisition du 222, CitiGate Drive, un centre de distribution d’Amazon de 260 128 mètres carrés situé dans le CitiGate Corporate Business Park, à Barrhaven, une banlieue d’Ottawa. Il s’agit du plus grand centre de distribution jamais construit au Canada et il utilise les plus récentes technologies intelligentes, automatisées et robotiques en plus de pouvoir traiter plus de 100 000 colis par jour. Construit en 2021, le projet est entièrement loué à Amazon pour 20 ans. Crestpoint a acquis une participation de 90 % dans la propriété au nom de ses clients, y compris la Stratégie immobilière de base plus Crestpoint, Vestcor Inc. et Kiwoom Securities and Hangang Asset Management, un consortium de placement sud-coréen.

La conclusion de l’acquisition de CitiGate porte l’actif sous gestion de Crestpoint à plus de 7,5 G$ et met un terme à 13 mois très actifs et productifs, au cours desquels des acquisitions totalisant plus de 1,9 G$ dans les secteurs des immeubles de bureaux, de l’industrie, du commerce de détail et des immeubles multifamiliaux ont été réalisées, ajoutant plus de 603 870 mètres carrés à son portefeuille. Voici les faits saillants des activités au cours de cette période :

(i) La première incursion de la société dans le secteur résidentiel multifamilial, après un investissement d’environ 500 millions $ dans l’acquisition de plus de 2 000 appartements.

(ii) La réalisation de transactions se chiffrant à plus de 950 millions $ dans le secteur industriel, y compris l’acquisition de 394 838 mètres carrés de propriétés existantes, ainsi que de plus de 260 acres de terrains aménageables, qui peuvent permettre la construction future de plus de 418 064 mètres carrés de produits industriels.

(iii) L’investissement d’environ 400 millions $ dans le secteur des immeubles de bureaux, principalement par l’acquisition de deux complexes de bureaux de premier plan, plus précisément une participation de 95 % dans le SteelesTech Corporate Centre, à Toronto, et une autre de 50 % dans Place de Ville, au centre-ville d’Ottawa. Ensemble, les deux propriétés représentent plus de 111 484 mètres carrés en espace de bureau qui rehaussent la qualité du portefeuille de bureaux de Crestpoint et correspondent à l’engagement continu de Crestpoint d’améliorer le profil environnemental global de son portefeuille.

(iv) Le solide rendement continu de la Stratégie immobilière de base plus Crestpoint, l’instrument de placement à capital variable diversifié de Crestpoint, qui a célébré son 10e anniversaire au premier trimestre de 2021.

(v) L’ajout de 14 nouveaux membres à l’équipe, ce qui porte à 32 le nombre total de professionnels des placements chez Crestpoint.

« Je suis extrêmement fier de ce que Crestpoint a accompli au cours des 13 derniers mois. Cela témoigne de la compétence et du dévouement de toute notre équipe et de notre capacité éprouvée à repérer des occasions et à les saisir malgré les difficultés que le marché nous impose. Nous apprécions le soutien continu de nos investisseurs et partenaires et nous réjouissons à l’idée de continuer à connaître du succès », a déclaré Kevin Leon, président et chef de la direction de Crestpoint.

À propos de Crestpoint

Crestpoint Ltée est une société de gestion de placements immobiliers commerciaux qui gère un actif brut de 7,5 G$ et qui cherche à fournir aux investisseurs un accès direct à un portefeuille diversifié composé d’actifs immobiliers commerciaux. Crestpoint est membre du Groupe financier Connor, Clark & Lunn, une société de gestion de placements dotée d’une structure multientreprise qui offre des produits et des services de gestion de placements à des clients institutionnels et à valeur nette élevée. Possédant des bureaux partout au Canada, ainsi qu’à Chicago, à Londres et à Gurugram, en Inde, le Groupe financier Connor, Clark & Lunn et ses sociétés affiliées gèrent collectivement un actif d’environ 100 G$. Pour obtenir de plus amples renseignements, veuillez consulter le site : www.crestpoint.ca.

Personne-ressource

Kevin Leon
Président et chef de la direction
Investissements immobiliers Crestpoint Ltée
(416) 304-6632
[email protected]

Crestpoint Real Estate Investments Ltd. (Crestpoint) announced today the acquisition of the Junction Shopping Centre in Mission, British Columbia. The Junction Shopping Centre is a 300,612 square foot tier-one grocery and drug-store anchored shopping centre situated at the junction of Lougheed Highway and Abbotsford-Mission Highway, approximately 70 km east of Vancouver.

The property is currently 98% leased to a strong roster of over 40 national and regional daily needs tenants. It is anchored by Save-on-Foods and London Drugs and has a diverse roster of ancillary tenants including Winners, Cineplex, Goodlife and Starbucks. Overall, the Junction offers a tenant mix well‐suited to local demographics providing an attractive mix of daily needs retail with grocery, pharmacy, liquor, financial services, health and personal care, entertainment and discount retailers.

“We’re very pleased to partner with Anthem Properties on this acquisition and to be adding such a high quality and stable retail asset to our diversified Core Plus Real Estate Strategy. With grocery and pharmacy anchors, the service oriented nature of the Junction Shopping Center is a great addition to our well-diversified and growing retail portfolio in Western Canada.” said Devon Howsam, Vice President, Acquisitions & Asset Management, Crestpoint Real Estate Investments Ltd.

About Crestpoint Real Estate Investments Ltd.

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager, with $6.3 billion of gross assets under management, dedicated to providing investors with direct access to a diversified portfolio of commercial real estate assets. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management company that provides investment management products and services to institutional and high net-worth clients. With offices across Canada and in Chicago, and London, Connor, Clark & Lunn Financial Group and its affiliates are collectively responsible for the management of over $100 billion in assets. For more information, please visit: www.crestpoint.ca.

Contact:

Kevin Leon
President
Crestpoint Real Estate Investments Ltd.
(416) 304-6632
[email protected]

TORONTO, ON, February 10, 2021 – Crestpoint Real Estate Investments Ltd. (Crestpoint) today announced the acquisition of Northport Business Park in Edmonton, Alberta. Following this major acquisition, along with continued growth within its existing portfolio, Crestpoint’s total assets under management have grown to $5.8 billion. 

EDMONTON, AB

Northport Business Park – 17306 129 Ave., 17408 129 Ave., 17315 129 Ave., 12908 170 St. & 12861 175 St.

Northport Business Park is a Class-A new-generation warehousing and distribution complex located in northwest Edmonton. Built from 2009-2015, the property is comprised of five state-of-the-art buildings totaling 846,000 square feet and also includes 16.5 acres of outdoor storage yards, and 42.8 acres of serviced excess land which could support an additional 700,000 square feet of density. Strategically positioned in proximity to surrounding transportation corridors, the property provides quick access to several major highways and the CN Edmonton Intermodal terminal. It is 94% leased to 11 tenants operating in various industries including third-party logistics, medical distribution, and building supply. Crestpoint acquired the asset within the « Crestpoint Core Plus Real Estate Strategy, » Crestpoint’s open-end Fund.

“Crestpoint’s acquisition of Northport Business Park, a premier Class-A industrial park, is a great addition to our portfolio’s existing number of quality industrial assets located across Canada. As the gateway to the north, Edmonton is conveniently located in several trade corridors, providing distribution and logistics companies with strategic access to all of northern Alberta, northern British Columbia and many parts of Saskatchewan. As e-commerce adoption continues to grow, we anticipate that the demand for quality industrial space, such as Northport, will continue to drive absorption and rental growth.” said Colin MacKellar, Executive Vice President & COO of Crestpoint.

About Crestpoint Real Estate Investments Ltd.

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager, with $5.8 billion of gross assets under management, dedicated to providing investors with direct access to a diversified portfolio of commercial real estate assets. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management company that provides investment management products and services to institutional and high net-worth clients. With offices across Canada and in Chicago, New York and London, Connor, Clark & Lunn Financial Group and its affiliates are collectively responsible for the management of over $86 billion in assets. For more information, please visit: www.crestpoint.ca.

Contact

Kevin Leon
President
Crestpoint Real Estate Investments Ltd.
(416) 304-6632
[email protected]

TORONTO, ON, January 29, 2021 – Crestpoint Real Estate Investments Ltd. (“Crestpoint”) today announced the acquisition of two significant investments with a total value of $205 million: i) Legacy Apartment Portfolio, and ii) FedEx Distribution Centre. Following these major acquisitions, Crestpoint’s total assets under management have grown to $5.5 billion. 

VANCOUVER, BC

Legacy Apartment Portfolio – various addresses

Legacy Apartment Portfolio is comprised of 15 multi-family residential properties, acquired from six different vendors, strategically located across Metro Vancouver. The portfolio includes nine concrete mid-rise apartments and six wood frame apartments. The properties range in size from 14 to 72 units with a mix of bachelor, one bedroom and two bedroom units, with a total of 614 residential suites across the portfolio. Located in the highly desirable and amenity-rich neighbourhoods of Vancouver’s West End, Kitsilano/West Point Grey, South Granville and Marpole, the portfolio has an average walk score of 90. Crestpoint, on behalf of the “Crestpoint Core Plus Real Estate Strategy”, its open-end Fund, partnered with InterRent REIT with each acquiring a 50% interest.

“We are thrilled to be acquiring such an irreplaceable core multi-family portfolio in one of the most sought-after residential markets in the world. As our first residential investment for our Fund, we are excited to use this as a launching pad into the multi-family sector and look forward to partnering with InterRent REIT, one of the most highly regarded operators in the sector” said Elliott Altberg, Executive Vice President at Crestpoint. “The multi-family residential sector in Canada is highly fragmented and has historically been characterized by stable, attractive risk adjusted returns. As such, we look forward to further expanding our multi-family presence across Canada and are eager to continue diversifying our Fund into this highly desirable asset class.”

WINNIPEG, MB

FedEx Distribution Centre – 365 Black Diamond Blvd.

Strategically situated on 38.1 acres of land in Southeast Winnipeg, the FedEx Distribution Centre is a 248,000 square foot brand new design-build package distribution and sorting facility. It is located in Boniface Industrial Park, Winnipeg’s second largest industrial park and offers convenient access to numerous key transportation routes. The state-of-the-art Class-A facility features a clear height of 28 feet with 76 dock loading doors and six drive-in doors. The single-tenant industrial property is fully leased to FedEx for 15 years. Crestpoint acquired the asset within the “Crestpoint Core Plus Real Estate Strategy”, Crestpoint’s open-end Fund. 

“This asset represents Crestpoint’s second industrial acquisition in Winnipeg in the last 14 months, providing the Fund with geographic diversification and exposure to a high-quality core industrial asset. Given its central location within the Winnipeg market and the long term commitment from such a reputable tenant we are really excited to add this asset to our Fund.” said Kevin Leon, President & CEO of Crestpoint.

About Crestpoint Real Estate Investments Ltd.

Crestpoint Real Estate Investments Ltd. is a commercial real estate investment manager, with $5.5 billion of gross assets under management, dedicated to providing investors with direct access to a diversified portfolio of commercial real estate assets. Crestpoint is part of the Connor, Clark & Lunn Financial Group, a multi-boutique asset management company that provides investment management products and services to institutional and high net-worth clients. With offices across Canada and in Chicago, New York and London, Connor, Clark & Lunn Financial Group and its affiliates are collectively responsible for the management of over $86 billion in assets. For more information, please visit: www.crestpoint.ca

Contact

Kevin Leon
President
Crestpoint Real Estate Investments Ltd.
(416) 304-6632
[email protected]

FOR IMMEDIATE RELEASE

CONNOR, CLARK & LUNN INFRASTRUCTURE CLOSES
U.S. RENEWABLE POWER INVESTMENT

TORONTO, JANUARY 11, 2021

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) is pleased to announce that it has completed its previously announced acquisition of an 80% equity interest in a U.S. wind and solar portfolio.

This transaction, which was completed alongside Régime de Rentes du Mouvement Desjardins and Desjardins Financial Security Life Assurance Company (together, Desjardins Group), included the purchase of four operating wind projects and one construction-stage solar project located in Indiana, Wisconsin, Oklahoma, and Ohio. Each asset is fully contracted through long-term power purchase agreements with high-quality offtakers, and the portfolio provides geographically diversified exposure to three distinct U.S. electricity markets. Construction of the solar facility began in December 2020 and is expected to be operational later this year or early in 2022.

“Completing this investment achieves an exciting milestone for our business,” said Matt O’Brien, President of CC&L Infrastructure. “The addition of these projects increases the total capacity of our renewable power portfolio well past a gigawatt globally. We look forward to operating these high-quality projects alongside our partners over the coming years.”

CC&L Infrastructure now owns approximately 1.4 GW of renewable power globally, with more than 1GW in operation. On a combined basis, these operating facilities are expected to produce approximately 4 million MW hours of clean energy each year – enough energy to power more than 320,000 homes and offset the equivalent greenhouse gas emissions of more than 600,000 passenger vehicles for a year.

About Connor, Clark & Lunn Infrastructure

CC&L Infrastructure invests in middle-market infrastructure and infrastructure-like assets with highly attractive risk-return characteristics, long lives and the potential to generate stable cash flows. CC&L Infrastructure is a part of Connor, Clark & Lunn Financial Group Ltd., a multi-boutique asset management firm whose affiliates collectively manage over CAD$85 billion in assets. For more information, please visit www.cclinfrastructure.com.

Contact

Kaitlin Blainey
Director
Connor, Clark & Lunn Infrastructure
(416) 216-8047
[email protected]