BentallGreenOak acquires 3-building, 620,000 sq ft. Henday Industrial Park in Edmonton, AB
Edmonton (July 9, 2021) — BentallGreenOak (BGO) has announced the purchase of Buildings 1, 2 and 3 of the Henday Industrial Park, located in Edmonton, AB, on behalf of Sun Life Assurance Company of Canada. These best-in-class industrial assets, totaling 618,000 sq. ft., are strategically located in Northwest Edmonton next to two of the largest transportation routes in the city offering efficient distribution access to Greater Edmonton and Alberta’s key north/south distribution corridor. This acquisition further diversifies Sun Life’s Edmonton industrial holdings to now include additional exposure in the Northwest region of the city.
“We are very happy to be able to continue to execute on our strategy of expanding BGO’s industrial footprint in response to the acceleration of ecommerce and the growing importance of modern, well-situated logistics centres in Canada,” said Michael Fraidakis, Managing Director at BentallGreenOak. “This acquisition in the Henday Industrial Park adds best-in-class assets to Sun Life’s strong, national industrial portfolio.”
Constructed in 2015, the three buildings feature high quality characteristics including mid and large-bay industrial units, 32’ clear heights, modern metal panel construction and ample trailer stalls and tenant parking.
About BentallGreenOak
BentallGreenOak is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with approximately $62 billion USD of assets under management (as of March 31, 2021) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BentallGreenOak has offices in 24 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets.
BentallGreenOak is a part of SLC Management, which is the alternatives asset management business of Sun Life.
The assets under management shown above include real estate equity and mortgage investments managed by the BentallGreenOak group of companies and their affiliates. As of 1Q21, BentallGreenOak changed its definition of Total AUM to include certain uncalled capital commitments for discretionary capital until they are legally expired and continue to exclude certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bentallgreenoak.com
Media Contacts
Rahim Ladha
Global Head of Communications, BentallGreenOak
media@bentallgreenoak.com
