GWLRA Acquires Industrial Facility on Behalf of Canada Life
August 13, 2021
GWL Realty Advisors (GWLRA) has acquired Lions Gate Business Park, a 79,600 square foot small-bay industrial property, on behalf of Canada Life.
The property is located in North Vancouver, BC, a market that has outperformed the overall Metro Vancouver market. Occupying a full city block with an established commercial node, the property benefits from its centrality and proximity to a large urban population and nearby amenities.
“We are excited to add Lions Gate to Canada Life’s portfolio. The investment aligns with our strategy to increase our exposure to both the industrial sector and the Vancouver market, two of Canada’s best performers,” said Steven Marino, Executive Vice President, Portfolio Management.
The Upcountry Group was the vendor.
GWL Realty Advisors Inc. generates value by creating vibrant, sustainable communities that engage, excite and inspire. As a leading Canadian real estate investment advisor, we offer asset management, property management, development and specialized advisory services to pension funds and institutional clients. Our diverse portfolio includes residential, industrial, retail and office properties as well as an active pipeline of new development projects.