RBC Canadian Core Real Estate Fund adds 12 properties
RBC Global Asset Management Inc. today announced that RBC Canadian Core Real Estate Fund has entered into an agreement to purchase a 50-per-cent interest in a portfolio of real estate assets valued over $1 billion from its partner, British Columbia Investment Management Corporation and BCI’s real estate arm, QuadReal Property Group. The new assets comprise a portfolio of 12 properties located in Toronto, Vancouver and Edmonton; 70 per cent are industrial and 25 per cent are multi-family residential by market value, adding approximately 5.5 million square feet of industrial space and 843 residential rental units to the portfolio.
SNC-Lavalin partners land California airport contract
SNC-Lavalin Group Inc. announced this morning that the HOK+Arup team of which it is a member has been selected to undertake on-call architecture-engineering services for Los Angeles World Airports (LAWA), the owner and operator of Los Angeles International Airport and Van Nuys Airport in California. LAWA has selected HOK+Arup to serve as principal architect and principal engineer to advance the planning and design of their potential capital investment projects over the next three years. SNC-Lavalin’s Atkins business will provide airside civil engineering services for the team.
Leaders debate in Gatineau
The three main national party leaders have each announced only one campaign event for today. NDP Leader Jagmeet Singh, Conservative Leader Erin O’Toole and Liberal Leader Justin Trudeau are in Gatineau, Que. for the French-language leaders debate.
Two appointments for Elevator Association
The National Elevator and Escalator Association yesterday announced the appointment of two new managers to its leadership team. Christian von Donat becomes the new executive director for operations and Mark Chiarelli is the new director of labour relations. The association represents the four major global manufacturers and contractors of elevating devices: KONE, Otis, Schindler and TK Elevator
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