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Advertising opportunities – looking for sponsors/advertisers to help fund this publication. Stay tuned for more information. Contact me for further information/rates – kolke@markkolke.com
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CLIMATE CHANGE + LEED + RENEWABLE ENERGY
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+ Alberta evaluation of carbon sequestration hub proposals – Osler published a great synopsis of six proposals being evaluated
+ Alberta government announcement of new initiatives ($176.0 million) to reduce emissions and diversify the economy
+ ATCO acquired 39MW solar project near Empress
+ ATCO Group/Canadian Utilities Limited announced plans to develop two solar installations in Calgary; 27MW andd 37MW
+ Avata Innovations contest - $100M Carbon Removal XPRIZE – 10 companies in the running
+ Calgary Aggregate Recycling Inc. awarded $8.0 million grant from Emissions Reduction Alberta
+ Canadian Pacific Railway developing a hydrogen-powered locomotive; they got a $15.0 million grant from ERA
+ CDPQ announced its new climate strategy
+ Cenovus Energy Inc. to pursue three new carbon-capture projects
+ COP 26 conference: Trudeau pledging to cap oil + gas emissions
+ COP 26 – countries agreeing to reduce methane emissions, and ending deforestation …
+ COSIA study on commercial potential for geothermal energy from oil sands mines
+ Cubic Farms won 2021 Sustainability Product of the Year for its HydroGreen Grow System
+ Decarbonizing Canada’s Large Buidlings – report from the Canada Greed Building Council
+ Digital Innovation in Clean Energy secured $2.5 million funding from Alberta Innovates
+ EDP Renewables SA and TC Energy Corporation agreed to develop 297MW Sharp Hills Wind Farm near New Briden (near Saskatchewan border) – will be operational in 2023
+ Enbridge Inc. partnering with Shell and Vanguard Renewables to collaborate on hydrogen projects
+ GOA issued an RFP for expressions of interest in carbon sequestration – Osler’s did a great piece explaining
+ GOA – providing TIER Funding ($1.375 million) to establish a hydrogen testing facility
+ Green Globes new ANSI standard from Green Building Initiatives
+ Heartland Generation Ltd. completed their getting off-coal at the Battle River and Sheerness Generating Stations
+ Kainaiwa Resources and Indigena Capital LP partnering to develop 200MW to 300MW wind farm project
+ Oil Sands Pathways – three-phase plan to reduce emissions to net zero
+ Ontario Teachers’ Pension Plan Board agreed to acquire 50% interest in a wind portfolio from NextEra Energy (2,520MW/13 sites) for US$849.0 million
+ Parkland Corporation launched a design competition to create the ‘Electronic Fuelling Station of the Future’ – information – competition closes Nov. 15/21
+ Pattern Energy Group LP started construction of its 150MW Lanfine Wind power project SW of Oyen in Special Area 3; to be operational by end of 2022
+ proposed carbon capture project: Frog Lake First Nations #121 & #122 and Kehewin Cree Nation, as individual nations, and in the future other participating Treaty Six First Nations acting collectively through Tribal Chiefs Ventures, Inc. (a tribal council within Treaty Six territory) will form the Kanata Carbon Hub Limited Partnership by which participating Treaty Six First Nations will be the majority owners of the KANATA CarbonHub project (Kanata Clean Power & Climate Technologies Corp.)
+ Reconciliation Energy Transition Inc./Project Reconciliation executed an MOU with Shell Canada Products to collaborate on Shell's Polaris carbon capture and storage project
+ Shell Canada in deal with Silicon Ranch for $100.0 million solar farm that will power 20% of power requirement for Scotford complex in Fort Saskatchewan
+ Shell New Energies US LLC acquired solar/storage developer Savion LLC from Macquarie Green Investment Group; terms not disclosed
+ TransAlta Corporation completed its third and final coal-to-gas conversions of its Alberta power generation facilities
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CONSTRUCTION NEWS + BUILDING OPERATIONS / INNOVATIONS
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CORPORATE RESPONSIBILITY + ESG REPORTS
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+ Advantage Energy Ltd. published its 2021 Sustainability Report
+ Algonquin Power & Utilities Corp. published its 2021 ESG Report
+ Allied Properties REIT published its newest ESG report
+ Canadian Pacific published its 2020 Corporate Responsibility Report
+ Canfor Corporation published its 2020 Sustainability Report
+ CDPQ announced its new climate strategy
+ Cenovus Energy released its 2020 ESG Report
+ GDI Integrated Facility Services Inc. published its ESG report
+ Innergex Renewable Energy Inc. published its 2021 Sustainability Report
+ Martello Technologies Group Inc. closed $1.0 million tranche of an equity raise by private placement
+ Minto Group released its 2020 Sustainability Report
+ Minto Apartment REIT published its Inaugural ESG Report
+ NexGen Energy Ltd. published its inaugural Sustainability Report
+ Pembina Pipeline Corporation published its annual sustainability data
+ Pembina Pipeline Corporation 2022 ESG guidance and targets
+ Purolator published its 2020 Sustainability Report
+ Shawcor Ltd. published its 2020 ESG report
+ Spin Master Corp. published its Social Responsibility Report
+ Sun Life Financial Inc. published its 2021 Sustainability Report
+ Tamarack Valley Energy Ltd. published its 2021 Sustainability Report
+ TC Energy Corporation published its 2021 Sustainability Report and Emissions Reduction Plan
+ Topaz Energy Corp. published its inaugural/2020 Sustainability Report
+ Waste Connections Inc. published its 2021 Sustainability Report
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DATA CENTER / CALL CENTER TRENDS
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DESIGN, ARCHITECTURE & PLANNING
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ELECTRIC VEHICLES + EV CHARGING
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+ Aecon/Connect Cité partnership awarded Montreal airport REM Station project
+ Algonquin Power & Utilities Corp. closed its acquisition of New York American Water Company for $608.0 million
+ ATCO acquired a 39MW solar project near Empress
+ ATCO Group/Canadian Utilities Limited announced plans to develop two solar installations in Calgary; 27MW and 37MW
+ Blackstone invested US$3.0 billion in Caisse controlled Invenergy
+ Calgary Cancer Centre 90% complete; construction progress
+ Calgary Planning Commission approved plans (with many conditions) the plans for the new arena facility – the Calgary Event Centre
+ Canadian Council for Public-Private Partnerships recognized two P3 Champions – Jim King and David Podmore
+ Connor, Clark & Lunn Infrastructure JV with Alpenglow Rail LL acquired Orange Rail
+ cost of Calgary-Banff rail connection pegged at $1.5 billion by Plenary Americas – partners with Liricon Capital in the proposed project
+ Dream-led consortium chosen to build two towers on LeBreton Flats site in Ottawa
+ EDP Renewables SA and TC Energy Corporation agreed to develop 297MW Sharp Hills Wind Farm near New Briden (near the Saskatchewan border) – which will be operational in 2023
+ Government of Alberta introducing legislation to provide greater accountability on capital projects – Infrastructure Accountability Act
+ Government of Alberta announced it has now secured all the land for the Springbank Dry Dam project – construction can now go-ahead
+ Government of Canada providing airport upgrading funds: Billy Bishop Toronto City Airport - $14.0 million, Fort McMurray International Airport - $5.0 million, Edmonton International Airport - $10.4 million, Thunder Bay International Airport - $1.7 million, Toronto Pearson International Airport - $142.0 million, St. John’s International Airport - $22.5 million, Winnipeg International Airport - $5.3 million,
+ Innergex Renewable Energy acquired a 50.6MW solar farm in Chile for US$25.7 million
+ Kainaiwa Resources and Indigena Capital LP partnering to develop 200MW to 300MW wind farm project
+ Maple Reinders/Bird Construction consortium awarded Barrie Wastewater Treatment Facility Upgrade project
+ Northland Power Inc. and RWE JF to develop a 1.3-gigawatt wind project off the coast of Germany
+ Ontario Teachers’ Pension Plan Board agreed to acquire 50% interest in a wind portfolio from NextEra Energy (2,520MW/13 sites) for US$849.0 million
+ Pattern Energy Group LP started construction of its 150MW Lanfine Wind power project SW of Oyen in Special Area 3; to be operational by end of 2022
+ P3 paper by Dentons
+ Southwest Calgary Ring Road - SW leg opened; $1.42 billion / 31 km. section
+ Taylor-Aecon consortium awarded $288.0 million Annacis Water Supply Tunnel project
+ TransAlta Renewables Inc. announced it's 206.4 MW Windrise wind facility commenced commercial operation
+ TransAlta Corporation completed its third and final coal-to-gas conversions of its Alberta power generation facilities
+ the new $608.0 million event centre to replace the Saddledome drawings has been released for public commentary
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INVESTMENT/DEALS - development / re-development
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+ Minto Apartment REIT and Greystar redeveloping University Heights shopping centre in Saanich, BC
+ Western Securities Limited broke ground on its Phase 1 of UXBorough – 1.0 million mixed used project
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INVESTMENT/DEALS - hospitality / entertainment / recreational
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INVESTMENT/DEALS - industrial, storage, logistics
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+ AIMCo acquired two logistics facilities in the UK; UPS and Amazon are tenants – terms not disclosed
+ Air Canada expanding cold-chain handling systems at Toronto Pearson cargo facility; $16.0 million project
+ Beedie acquired a 22-acre development site in Delta’s Tilbury industrial hub
+ BTB closed $94.0 million/10 property acquisition in Edmonton and Saskatoon
+ City of Calgary is now selling industrial lots in Point Trotter Industrial – Phase 2 – contact me for details
+ Concert CREC Commercial Fund LP acquired 1.2 million sq. ft. Lowe’s distribution facility from Highfield Investment Group for $120.0 million
+ Crestpoint Real Estate Investments Ltd. acquired 2.8 million sq. ft. of Amazon distribution centre space
+ CT REIT building a 350,000 sq. ft. net-zero distribution centre in Calgary
+ Epic Investment Services JV with Woodbourne Capital Management, acquired 24-industrial properties in Ottawa, terms not disclosed
+ Exro Technologies Inc. opened a S,E. Calgary manufacturing facility; 37,000 sq. ft.
+ Firm Capital Property Trust acquired 50% interest in a six-building Edmonton industrial portfolio for $37.0 million
+ JustKitchen Holdings Corp. acquiring 46,000 sq. ft. spoke facility and acquired WeChef Specialized Kitchen
+ Nicola Wealth Real Estate entered the Montreal market; JV acquisition of 139,202 sq. ft. property in St. Laurent
+ Oxford Properties Group acquired a portfolio of five UK logistics facilities
+ Pure Industrial acquired 13 building/900,000 sq. ft. portfolio in Toronto from Northlea Corporation for $312.0 million
+ Skyline Commercial REIT sold a 402,000 sq. ft. portfolio of suburban industrial space in Montreal for $80.125 million
+ Skyline Commercial REIT sold 20 Ottawa and GTA properties; 900,302 sq. ft. / $217.3 million
+ Skyline Commercial REIT sold a 291,000 sq. ft. portfolio of industrial properties in Cambridge, ON to Kingsett Real Estate Growth LP No. 7
+ Soneil Investments acquired two GTA assets for $105.0 million; 465,000 sq. ft.
+ StorageVault Canada Inc. acquired two properties (Toronto and Winnipeg) for $46.0 million
+ Summit Industrial Income REIT acquired a 725,000 sq. ft. logistics distribution centre for $126.0 million
+ Summit Industrial Income REIT acquired 50% to now hold 100% of two buildings in Guelph for $54.9 million
+ Summit Industrial Income REIT acquired a 50% interest in a 40-acre development near Guelph
+ Summit Industrial Income REIT acquired 226,000 sq. ft. property with additional land in Pointe-Claire for $95.6 million
+ Summit Industrial Income REIT acquired a 50% interest in a development site in Kitchener
+ Urbanfund Corp. JV closed the acquisition of 40% interest in Etobicoke industrial complex valued at $24.0 million
+ Walmart Canada establishing 430,000 sq. ft. / $118.0 million fulfillment centre in Rockyview County, NE of Calgary; to open Sept/22
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INVESTMENT/DEALS - long term care & medical
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+ Cogir Real Estate acquired eight projects in the Okanagan from Regency Group of Retirement Resorts;
+ Mohawk Asset Management Corp. acquired Lakeside Medical Office Building in Chicago suburb; 50,000 sq. ft.
+ Mohawk Asset Management Corp. acquired Commerce Court in a Chicago suburb; 480,000 sq. ft.
+ Sienna Senior Living Inc. formed a JV with Sabra Health Care REIT Inc. and acquired 50% interest each in $307.5 million portfolio/11 properties from Extendicare Inc.
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INVESTMENT/DEALS - multi-res
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INVESTMENT/DEALS - office
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INVESTMENT/DEALS - parking
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INVESTMENT/DEALS - retail
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THANK YOU TO OUR SPONSORS:
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PREMIERE OFFICE MOVERS
PREMIERE OFFICE FURNITURE
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ASSIGNMENTS / LISTINGS WANTED:
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+ listings – FOR SALE, FOR LEASE – Calgary, Red Deer, and Edmonton markets
+ judicial sales foreclosure/court-ordered receiverships – commercial property Calgary, Red Deer, Edmonton, and Southern Alberta
+ property management: commercial and residential property management assignments/tasks; lease enforcement, negotiation of renewals, single properties, and small portfolios
~ call me to discuss your requirements: Mark Kolke, 403-444-6939
~ or email me: kolke@markkolke.com
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PROPERTYlines - Copyright © 2020-2021 , All rights reserved.
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PROPERTY LINES - a monthly newsletter on happenings in the commercial real estate marketplace in Alberta and in other jurisdictions. This publication will be of interest to a wide audience of readers interested in the real estate industry and is particularly focused on issues of interest to:
- investment real estate professionals
- landlords, financial institutions and real estate lenders
- real estate lawyers, accountants, appraisers
- property managers and asset managers
- insolvency professionals, foreclosure services, service trades/contractors
- commercial, development, and income property investors
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~~~~~~~~~~~~~~~~~~~~~
PLANDflex Corporation - Mark Kolke, President / Publisher
Agent/Realtor/Property Mgr. - under contract to MaxWell Capital Realty
→ 6204B Burbank Road SE, Calgary, AB T2H 2C2
→ Phone: (403) - 253-2450 / (403) - 444-6939
→ SELL-Phonel/Text: (403) - 312-8359
LinkedIn |publisher of FACILITYCalgary
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