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Walmart to build $175M distribution centre in Surrey
Walmart to build $175M distribution centre in Surrey
For the second straight day, one of the world’s largest retailers has announced construction of a new distribution centre in Canada. Walmart Canada said Thursday it will spend more than $175 million to build a 300,000-square-foot, high-tech, state-of-the-art fresh and frozen grocery facility in Surrey, B.C. On Wednesday, Amazon announced a new one-million-square-foot facility in Caledon, outside Toronto.
Amazon to build fourth GTA fulfillment centre in Caledon
It’s not the HQ2 news the business world is waiting for, but e-commerce giant Amazon will build a fourth fulfillment centre in the Greater Toronto Area, a one-million-square-foot facility in the Town of Caledon north of the city. The company says the new facility will create more than 800 full-time jobs.
Hillcrest shopping centre renovations in home stretch
Hillcrest in Richmond Hill, Ont., continues to add new retailers as part of $90 million in renovations which have been ongoing at the shopping centre since 2015. “We were looking at bringing new life to the property,” said Hillcrest general manager Ryan Da Silva of the mall, which was built by Cadillac Fairview in 1974 and purchased by Oxford Properties Group and Montez Holdings Inc. in 2011.
Monocle luxury condos centrepiece of Ottawa’s Q West
Developer David Choo calls Monocle Westboro the “boutique of the boutique” of condo projects in Ottawa. The luxury four-storey, 62-unit building is part of the final phase of Choo’s master-planned Q West development. “It’s a luxury building and because of its location it is exceptional,” he said.
Why sales-leasebacks appeal to modern corporations
Companies seeking ways to increase capital could literally be sitting on a viable solution says Dave Anderson of Cushman and Wakefield (Waterloo Region). The senior vice president – who is also a broker – suggests for companies operating from buildings they own, there is no better time to engage in a sale-leaseback.
Six months ago: Broccolini enters big leagues with $100M land buy
Broccolini’s $100-million purchase of an undeveloped property in downtown Montreal proves the developer is “becoming more and more of a force to contend with” in the city, says Roger Plamondon, the company’s president of real estate development and acquisitions. The purchase of the 135,000 square foot site on Robert-Bourassa Boulevard is being touted as the biggest single land deal ever in the city.
One year ago: Oxford puts Ottawa Constitution Square up for sale
One of downtown Ottawa’s most significant office properties, Constitution Square, is up for sale according to a Colliers International report. The property came on the market late in the second quarter, and includes three Class A office towers linked by a retail podium, Colliers Q2 2017 Office Report states.
| Property Biz Canada, Thursday, July 19, 2018 |
| Dream Office selling Montreal’s 700 de la Gauchetiere Property Biz Canada, July 19, 2018 |
| Minto buys Ottawa’s Manor Village in receivership sale Property Biz Canada, July 19, 2018 |
| Alignvest Student Housing REIT makes first purchase Property Biz Canada, July 19, 2018 |
| Lennard Commercial Realty celebrates growth, award Property Biz Canada, July 19, 2018 |
| There is no fear in Ford Nation Property Biz Canada, July 19, 2018 |
| Caisse de depot invests $250M in Avison Young Property Biz Canada, July 17, 2018 |
| Montreal’s historic Sun Life Building wins modern awards Property Biz Canada, July 17, 2018 |
| Six months ago: Granite REIT sells 10 Cdn, U.S. properties Property Biz Canada, July 19, 2018 |
| One year ago: IKEA to open Richmond distribution centre Property Biz Canada, July 19, 2018 |
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