(BGO) has acquired a data centre in downtown Montreal as part of the firm鈥檚 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: 鈥淏GO 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,鈥�
鈥淲e are leveraging the full force of BGO鈥檚 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.鈥�
The asset, located at 275 Viger Avenue East, comprises 5 stories and 199,000sqft on 1.4 acres of land.
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