BentallGreenOak has bought a 3-building industrial asset in the Canadian province of Alberta on behalf of Sun Life Assurance Company of Canada.
The global real estate investment platform said it has acquired Buildings 1, 2 and 3 of the Henday Industrial Park in Edmonton.
The buildings, which total 618,000sqft, were constructed in 2015, by Canada Pension Plan Investment Board, WAM Development and Walton Group of Companies.
Financial details were undisclosed.
This acquisition further diversifies Sun Life’s Edmonton industrial holdings to now include additional exposure in the Northwest region of the city, BentallGreenOak said.
BentallGreenOak is a part of SLC Management, the alternatives asset management business of Sun Life.
Michael Fraidakis, managing director at BentallGreenOak, said: “We are very happy to be able to continue to execute on our strategy of expanding BentallGreenOak’s industrial footprint in response to the acceleration of e-commerce and the growing importance of modern, well-situated logistics centres in Canada.
“This acquisition in the Henday Industrial Park adds best-in-class assets to Sun Life’s strong, national industrial portfolio.”
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