Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Quebec  + Canada + Cross Border News + Ontario  + Industrial  | 
Photo of a Montrea-area industrial building.

Kingsett, Candev Acquire Five Montreal Industrial Assets: CBRE

Kingsett Capital and Candev have acquired a five-building industrial portfolio in the Montreal borough of Saint-Léonard from Groupe Petra for an undisclosed price.

Scott Spiers, a member of CBRE’s national capital markets team based in Montreal, announced the deal on LinkedIn. According to multiple reports, the portfolio comprises a total of 369,464 square feet of leasable warehouse space, Toronto-based Kingsett Capital has become the majority owner and Montreal-based Candev will manage the properties.

According to one of the reports, the portfolio includes two standalone properties and a three-building complex. the single-property Centre Industriel Langelier; the three-building Centre Industriel Petra and the A 99,216-square-foot property constructed in 1987 with 18-foot ceiling heights.

Toronto-based Kingsett ranks among Canada’s largest commercial real estate investors and developers. Candev is an investor, builder and property manager.

Pictured: Centre Industriel Langelier, a property that is part of the acquired five-building portfolio.

Photo: Groupe Petra

Connect

Inside The Story

Scott SpiersKingsett CapitalCandev

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
New call-to-action