BentallGreenOak (BGO) has augmented its nascent data centre portfolio with the acquisition of a 200,000-square-foot facility in downtown Montreal. That continues the foray into the alternative asset class launched earlier this spring with the purchase of a 112,000-square-foot data centre in Markham, Ontario.
The move is part of BGO’s core strategy in Canada, focused on income-producing properties, which, in this case, are aligned with seeming voracious demand for technological services. Paul Mouchakkaa, BGO’s managing partner and head in Canada, terms it “unique, high-growth space” with a “compelling, long-term value proposition”. A $20-million power upgrade project is currently in progress at the Markham facility with an eye to supporting an additional 90,000 square feet of space that the site’s footprint could accommodate.
“Our investment management team is keen to intensify our efforts in this sector in the years ahead,” Mouchakkaa affirms.