Page 15 – Carttera

The Urban Intensification Fund sold its 50% interest of this 232,000 sq.ft. Quebec City suburban office development to BTB Real Estate Investment Trust for $19.35 million.

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Urban Intensification Fund acquires a 339,000 sq. ft. vacant industrial building on a 20.6 acre property on North Service Road, fronting on the QEW in Oakville, Ontario. Carttera is proposing to redevelop the site with up to 250,000 sq. ft of flex office/office space. The property was acquired under a Power of Sale action, with acquisition and construction financing provided by the Vendor.

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Urban Intensification Fund sells the 107,690 sq.ft. North Phase of Roper Ridge Business Park for $23.6 million to The Standard Life Assurance Company of Canada.

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