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International

W.P. Carey pays $468M US to acquire Apotex GTA properties

RENX Staff Commercial Industrial Toronto / GTA Apr. 4 2023

U.S.-based REIT W.P. Carey (WPC-N) will invest $468 million US to acquire a “critical portfolio of four pharmaceutical R&D and manufacturing campuses” in the Greater Toronto Area from generic drug giant Apotex Pharmaceutical Holdings Inc.

Canada’s CRE industry lags global peers on data science: Altus

Neil Sharma Commercial Technology National Apr. 3 2023

Canada’s commercial real estate firms lag well behind global peers in adopting, and adapting, data science into their investment strategies, according to a new report from Altus Group.

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