Fiera Properties acquires largest Montreal industrial portfolio in five years

The nine-property portfolio is comprised of approximately 925,000 square feet of leasable space

By
Western Investor
April 24, 2018





jll canada

 

A Winnipeg-based investment company has sold a nine-property portfolio in Montreal, marking the city’s largest industrial transaction in five years.

Fiera Properties acquired 925,807-square-feet of industrial property from Investors Group Trust Co., for an undisclosed amount. The sale was brokered by JLL Canada.

The portfolio includes mostly Class A industrial buildings ranging in size from 50,000 to 250,000 square feet.

“The Portfolio benefits from an outstanding roster of tenants and features a 91 per cent occupancy rate and an [average lease rate term] of six and a half years,” the JLL Canada release states.

 JLL considers the sale the largest industrial transaction in the Greater Montreal Area since 2013.


Tanya is Western Investor's web content and social media coordinator. She first joined the Western Investor team as a editorial assistant in 2016, after a summer spent freelancing at Glacier Media papers The Burnaby Now and New West Record. She is a graduate of Langara College's journalism program.
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