Alberta’s KBL Corporation has acquired a Western Canadian industrial and office real estate portfolio.
A wholly owned subsidiary purchased waste-management sites and office properties through the acquisition of an unidentified Canadian public company’s project management division, KBL announced. Leduc-based KBL specializes in providing environmental solutions throughout Northern and Western Canada.
The properties include five bioremediation facilities and one hazardous-waste transfer facility.
With the deal, Leduc-based KBL expanded into B.C., Saskatchewan and Manitoba. A KBL spokeswoman told Connect that the facilities are located in the Vancouver suburb of Richmond, B.C.; and the B.C. communities of 100 Mile House; Port McNeil and Kamloops as well as the Manitoba towns of The Pas and Springfield.
The office spaces are located in Richmond, Calgary and Springfield.
As part of the transaction, technical staff joined KBL and the company acquired about 1,400 service assets. Financial terms were not disclosed.
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.