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Colliers Capital Markets acted as exclusive advisor to CrestpointReal Estate Investments Ltd.

Colliers Capital Markets Exclusive Advisor Hero

We are pleased to announce that Colliers Capital Markets Canada acted as the exclusive advisor to Crestpoint Real Estate Investments Ltd. in the successful completion of a joint venture partnership and acquisition alongside PRO Real Estate Investment Trust (PROREIT).

Colliers Capital Markets Canada team worked with Colliers Halifax team to advise Crestpoint Real Estate Investments Ltd during due diligence.

The transaction involving $455 million of industrial properties consists of 42 buildings and approximately 3.1 million square feet of gross leasable area. PROREIT and Crestpoint will each acquire 50 per cent interests in the 21-asset Burnside portfolio, which is currently owned by a third party, for $228 million. In conjunction with that transaction, PROREIT will sell a 50 per cent interest in 21 of its currently owned properties to Crestpoint for $113.5 million.

Proreit Announces Major Joint Venture Agreement with Crestpoint Real Estate Investments for 42 Properties in Atlantic Canada | Proreit

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