BentallGreenOak (BGO) has acquired a data centre in downtown Montreal as part of the firm’s Canadian core real estate strategy.
BGO said the deal, which marks the second technology-driven real estate acquisition in six months for the strategy, follows the first data centre acquisition in Markham, Ontario.
Paul Mouchakkaa, managing partner and head of Canada for BentallGreenOak, said: “BGO is opening doors to new opportunities for institutional investors to access a unique, high-growth space in Canadian real estate whose fundamentals provide a compelling, long-term value proposition,”
“We are leveraging the full force of BGO’s global reach, research capacity, and commercial relationships to add well-positioned data centres to our portfolio of core, income-producing properties in Canada, and our investment management team is keen to intensify our efforts in this sector in the years ahead.”
The asset, located at 275 Viger Avenue East, comprises 5 stories and 199,000sqft on 1.4 acres of land.
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