Carttera’s latest fund closes with $170 million in committed equity. The Urban Intensification Fund 2 focuses on the Greater Toronto Area, spanning a wide variety of real estate types, classes, and initial occupancy levels. GTA arterial and transit locations will be targeted for condominium development, together with mixed use, office, flex office, industrial and unenclosed retail intensification, infill development and redevelopment projects.

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.

Carttera’s Urban Intensification Fund acquires an additional 1.3 acre parcel adjacent to the Complexe Lebourgneuf Phase II mixed-use property to enhance the development of the site.

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.

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.

Carttera’s Urban Intensification Fund acquires a 10.5 acre land parcel on Galaxy Blvd, east of Pearson airport, with the potential to develop up to 240,000 sq.ft. of office / industrial space.

Carttera acquires an existing 86,ooo sq.ft. office building with the potential to construct a 168,000 sq.ft. condominium in the Urban Intensification Fund.

Carttera acquires a 7.6 acre trailer park in north-west Edmonton with the potential to decommission the property and construct up to 140,000 sq.ft. of office/commercial in the Urban Intensification Fund.

Carttera’s Urban Intensification Fund acquires a 5.9 acre site with the potential to construct up to 230,000 sq.ft. of commercial development in the Lebourgneuf suburb of Quebec City.

Carttera acquires its first project  in the Urban Intensification  Fund, a 250,000 sq.ft. office and industrial two-phase development project in south Edmonton, named Roper Ridge Business Park.