Canada

MMI Group plans to develop a 400-acre industrial park within the CentrePort Canada mixed-use megaproject site in Winnipeg. The company has submitted an application to the City of Winnipeg for Sturgeon Business Park, with the first phase slated to comprise 162 acres. The company, along with city and provincial officials, said the proposed development project …

Killam Apartment REIT is pausing new development projects in the near term, citing challenging market conditions and water infrastructure constraints in key growth markets. During REIT’s first-quarter earnings call, CEO Philip Fraser pointed to the Kitchener-Waterloo region as an example of infrastructure-related hurdles after local officials halted support for some development approvals due to water …

Nespresso has reopened its coffee shop in Vancouver’s Oakridge district on the city’s west side. The location brought Nespresso’s latest retail boutique concept to the city as part of the redeveloped 650,000-square-foot shopping centre’s recent grand opening. The redesigned space focuses on coffee exploration, guided tastings and personalized service, with a dedicated tasting area where …

Pret A Manger will open its first Canadian airport location at Vancouver International Airport (YVR), marking the start of a broader expansion into major airports across the country. A&W Food Services of Canada Inc., which holds the exclusive Canadian rights to develop and operate the British fresh-food and organic coffee chain, announced that the first …

Canadian municipalities authorized 8% fewer multi-family building permits in April compared to March, says a new report from Statistics Canada. A total of 19,900 multi-family building permits were issued in April, driving a broader slowdown in residential construction activity across the country, says StatCan. According to the report, the value of multi-family building permits fell …

Oxford Properties has leased a 1.1-million-square-foot speculative industrial building at its James Snow Business Park in Milton, Ont., to ID Logistics. According to Oxford, the deal ranks as the largest-ever spec industrial lease completed in Canada. The deal, which covers the campus’s largest building at 10725 Louis St. Laurent Ave., is also one of the …

Nespresso has reopened its coffee shop in Vancouver’s Oakridge district on the city’s west side. The location brought Nespresso’s latest retail boutique concept to the city as part of the redeveloped 650,000-square-foot shopping centre’s recent grand opening. The redesigned space focuses on coffee exploration, guided tastings and personalized service, with a dedicated tasting area where …

Montreal-based industrial valve manufacturer Velan has been sold to Birch Hill in a transaction valued at approximately $209.3 million. The deal marks a change in control and a broader leadership transition at the company as members of founding Velan family depart. Birch Hill acquired Velan’s controlling interest from Velan Holding and affiliated entities at a …

Smart Investment has acquired McAllister Place mall in Saint John, N.B. from Primaris REIT for a reported price of $64 million. McAllister Place ranks among Atlantic Canada’s largest retail centres, spanning 79 acres. Smart Investment is headed by Tim Gu, and the firm also owns the reborn Mountain Equipment Company outdoor-gear store chain. “We are …

Construction has begun on a new 67,000-square-foot industrial facility in Moncton, N.B. The project site is located at 80 Frenette Ave. in Moncton’s Caledonia Industrial Park. Lindsay Construction and Comztar Commercial Properties have broken ground on the energy-efficient project, which is scheduled for completion in early 2027. “This project reflects our continued commitment to providing …

Fitzrovia has begun leasing its 898-unit Marlow purpose-built rental community at the intersection of Bloor Street West and Dufferin Street in Toronto. Phased move-ins are scheduled to begin this fall, said Fitzrovia.. The development, located on former Toronto District School Board lands at 980 Dufferin St., is a key component of the broader Bloor-Dufferin Project …

Oxford Properties has leased a 1.1-million-square-foot speculative industrial building at its James Snow Business Park in Milton, Ont., to ID Logistics. According to Oxford, the deal ranks as the largest-ever spec industrial lease completed in Canada. The deal, which covers the campus’s largest building at 10725 Louis St. Laurent Ave., is also one of the …

Montreal-based industrial valve manufacturer Velan has been sold to Birch Hill in a transaction valued at approximately $209.3 million. The deal marks a change in control and a broader leadership transition at the company as members of founding Velan family depart. Birch Hill acquired Velan’s controlling interest from Velan Holding and affiliated entities at a …

Supremex has acquired Toronto-based packaging manufacturer Goldrich Printpak for approximately $34 million. The transaction, completed on a cash-free and debt-free basis and subject to customary adjustments, was financed through Supremex’s existing credit facility. Founded in 1953, Goldrich employs about 90 people and operates a 68,000-square-foot manufacturing facility in Toronto. The company specializes in folding carton …

Wesbild has halted a planned six-tower, 2,000-unit multi-residential development in Port Coquitlama, B.C. The master-planned project, known as PoCoPlace, was slated for the corner of Lougheed Highway and Westwood Street and would have included significant retail space and amenities. Phase 1 had been slated to include a 37-storey rental tower and a 35-storey condominium tower, …