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CF, Boreal Acquire Italian Industrial Portfolio

A joint-venture between Canadian investor Cadillac Fairview and Europe’s Boreal Investment Management has completed the purchase of a two-million-square-foot industrial real estate portfolio in Italy.

Located primarily in Greater Milan, the six-property portfolio includes four warehouses and two development sites.

Toronto-based CF and London-headquartered Borealis purchased the assets from funds sponsored by New York-based investment giant Blackstone and Milan-based Kryalos SGR. The deal is the first in Italy for the CF-Boreal JV, which owns other European properties.

CF is the real estate investment arm of the Ontario Teachers Pension Plan, one of Canada’s largest institutional investors. Boreal focuses its investments on logistics assets.



Inside The Story

Cadillac FairviewMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Sale/Acquisition
  • ◦Development
  • ◦Financing
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