Sun Life Financial & BlackBerry properties in Waterloo
Sales of investment properties in Waterloo Region in 2014 were driven largely by the sale of Sun Life Financial's Canadian headquarters and six former BlackBerry properties.
"I characterize 2014 as a blockbuster year," said Karl Innanen, Managing Director, Colliers International Waterloo Region, during the company's Market Outlook breakfast on Wednesday. Colliers presented its annual report to investors, developers, owner-users, tenants and city officials.
There was a 36 percent total investment sale increase from 2013, while last year's sales in the office sector alone totalled $470 million.
"To put that into perspective, that is more than all of the office sales for the previous seven years," Innanen stated.
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