Carttera’s Urban Intensification Fund 3 has sold 8875Torbram Road in Brampton. This fully leased, 895,308 sf LEED® Gold industrial development is the largest ‘best in class’ distribution centre in Canada.

Carttera is pleased to announce the successful closing of its latest closed-end investment fund vehicle, Urban Intensification Fund 4 (UIF4). This Carttera Fund has committed equity of

$156,000,000 and will be invested in the Greater Toronto Area and Montreal in a diverse range of development and re-development projects including office, flex office, mixed-use, industrial, retail and residential condominium projects.

Carttera’s Urban Intensification Fund 2 recently sold 1926 Lake Shore Boulevard West in Toronto. This 1.1acre site was acquired, re-zoned to permit the development of two 35-storey residential towers, and sold. The site fronts Sunnyside Park with spectacular views of Lake Ontario, High Park and downtown Toronto.

Carttera’s L’Avenue residential development in Montreal, Quebec was recently awarded the 2016 Urban Development Institute’s INOVA Award for multi-residential developments over $50 million. The INOVA Awards rewards the talent of those who contribute to enhance Quebec’s expertise in real estate. The INOVA Awards honour innovative projects, having a positive impact for their community in commercial, residential, industrial and public services sectors. Click here for the press release www.iduquebec.com.

Carttera is pleased to announce the sale of 134 Kennedy Road South in Brampton. This 15.53 acre industrial site featured the ability to build up to 325,000 sf with rail access and outside storage.

Carttera’s UIF3 acquired an equity partnership in Arbora Condos, a two phase residential development located in Montreal, Quebec. Once completed, Arbora will consist of three buildings comprising 368,345 sf residential and 31,969 sf commercial/residential.

Carttera’s, 8875 Torbram Road, Brampton, has been selected as a FINALIST for the NAIOP’s REX Awards, Industrial Development of the Year and Industrial Lease of the Year. 8875 Torbram Road is a new ‘best in class’ 895,000 sf distribution centre located within the heart of Bramalea Business Park. The NAIOP REX Awards is a recognition program established to celebrate the achievements of the office, industrial, retail and mixed-use real estate industry in Toronto and the surrounding region. The focus of the awards program is on results (quality and performance), skills (teamwork, collaboration , innovation and creativity) and values (community and environmental awareness).

Carttera is pleased to announce the sale of Joshua Creek Corporate Centre Phase One on December 16th, 2014. JCCC Phase One, over 90% leased, is comprised of three single-storey flex office buildings totalling over 120,000 sf. Now leasing, Joshua Creek Corporate Centre Phase Two, currently under construction and ready for occupancy Q2 2015.