Crestpoint Real Estate Investments Ltd. has acquired The London Building, an eleven-storey development in downtown Vancouver. The heritage office building was one of five properties that Crestpoint recently acquired in Vancouver, Toronto and Montreal.

“We are extremely pleased with the level of interest we’ve seen from investors and the growth of our portfolio in 2013,” says Kevin Leon, president of Crestpoint. “As we head into 2014, we expect market fundamentals to remain relatively strong.  We are confident in our ability to identify new opportunities and to deploy investor capital into high-calibre properties.”

With this latest acquisition, the value of Crestpoint’s portfolio has doubled in size to $600 million over the past year.