Centurion has five-year plan to triple its assets

Centurion has five-year plan to triple its assets

Centurion plans to more than triple its assets in five years, mainly through investing in apartment buildings in the U.S. and increasing its debt investments, says Greg Romundt, president and CEO of Centurion Asset Management. “We’re currently just short of $1.5 billion in assets and our plan is in three years to get to $3 billion and $5 (billion) in five,” he says of Centurion, the asset manager of Centurion Apartment REIT and Centurion Real Estate Opportunities Trust.

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Major GTA developments mean busy 2018 at Pinnacle

Pinnacle International, already involved in several major developments in the Greater Toronto Area, is about to launch the first stage of its most high-profile mixed-use project. “We’re raring to go,” said Pinnacle vice-president of sales and marketing Anson Kwok. “We’re going to have four construction sites in full swing, so it will be a busy 2018.”

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Calgary’s multicultural New Horizon Mall to open in May

A unique multicultural mall in the Calgary region will open in May with more than 500 businesses which have purchased their space in the shopping centre, as opposed to the traditional retail practice of leasing. New Horizon Mall, which is located along the Queen Elizabeth II Highway just on the outskirts of Calgary limits and in the Balzac area of Rocky View County, is 98 per cent pre-sold. It’s located near the CrossIron Mills shopping centre.

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National Bank buys Broccolini site for new Montreal HQ

National Bank will spend about $500 million to build a new head office in what will be the largest office tower in downtown Montreal since the construction of 1250 René Lévesque a quarter of a century ago. The planned 36-storey tower at the corner of St. Jacques Street and Robert Bourassa Boulevard will be built on an 85,000 square foot plot of land the bank bought from Broccolini in a deal that was finalized on Monday.

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David Wilkes settling in as new BILD president

David Wilkes is only several weeks into his new role as president and chief executive officer of the Building Industry and Land Development Association (BILD), but he likes what he’s seen so far. “There are a lot of similarities between the work that retailers do and the work that the building industry does,” said Wilkes, a former senior vice-president at the Retail Council of Canada.

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Six months ago: Toronto industrial prices ‘unprecedented’

David Hillis, who brings 33 years of industrial and office investment sales and leasing experience to his new role as Avison Young principal, has completed more than 1,100 industrial transactions in the Toronto market. With that type of background, the former CBRE senior vice-president has a solid perspective on what’s happening in the GTA.

Property Biz Canada

One year ago: Montreal’s Maison Manuvie adds EY as tenant

As construction continues to meet a third quarter completion date, downtown Montreal’s Maison Manuvie has added EY as a major tenant, with a planned move-in for the summer of 2018. “Maison Manuvie offers cutting-edge spaces that meet the high standards and evolving expectations of today’s tenants, their employees and their clients,” said Peter Picciola of Ivanhoé Cambridge.

Property Biz Canada

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