
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
- ◦Sale/Acquisition
- ◦Development