- Commercial real estate investment activity in the sale of existing assets remained somewhat muted in 2017 with overall sales volumes totaling only $426 million representing a 12% decline from 2016 and well off the 5-year trailing average of $631 million.
- The largest transaction of the year was the sale of Allied Properties REIT’s Winnipeg portfolio to an out-of-province investor. The portfolio consisted of five properties with a total rentable area of 343,083 square feet which included four Exchange District heritage office buildings and a multi-tenant industrial property located at 1500 Notre Dame Avenue.
- The largest single asset transaction was Fort Garry Business Centre, a multi-tenant commercial property located in southwest Winnipeg at 1100-1146 Waverley Street which sold to a private local investment group in September 2017.
