Calgary, Alberta, June 23, 2022 (GLOBE NEWSWIRE) — Anthem has acquired 95 acres of prime industrial land in southeast Calgary. That is the newest in a string of acquisitions from the corporate’s new industrial group. Since August 2021, Anthem’s industrial portfolio in Calgary has grown by greater than 375% by means of the acquisition of 5 present industrial properties, with over 650,000 sq. ft of gross leasable space, together with roughly 290 acres of commercial growth land.
Anthem’s tempo of development is a testomony to their perception within the Alberta industrial market, which has seen excessive demand for industrial merchandise and the bottom emptiness charges since 2014.
“Regional and national distributors and logistics companies are looking forward to Alberta,” says Shaun Day, Vice President of Trade at Anthem. “Calgary’s excellent transportation infrastructure, lower cost of living, young and vibrant population, availability of developable land and more economic rents compared to Toronto or Vancouver, make it one of the most important industrial markets at the moment.”
Anthem goals to fulfill the rising demand for industrial house by means of the acquisition and enchancment of present high-quality, income-generating property, in parallel with a strong, vertically built-in and built-in build-to-core growth program.
“Anthhem manages all key operating activities internally, providing us with a unique ability to create value at every stage of the project lifecycle and tailor our products to user needs,” says Day, including, “Our built-in construction permits Anthem to immediately take part within the artistic facet of the challenge from Preliminary design to development. We additionally maintain and handle our initiatives for the long run. It is a large differentiator for a possible tenant when contemplating options – assured that their enterprise accomplice would be the similar when renovating or increasing after a few years.”
Anthem’s newest growth challenge is situated at a former welded metal tube manufacturing facility within the busy nook of Barlow Path SE and Glenmore Path SE at a mature industrial node within the industrial hills of southeast Calgary. Their growth plans will remodel the location right into a multi-phase enterprise park with facility choices for small to medium sized residents, together with further retail parts.
Our Barlow growth will present extra industrial density to the realm, reworking the location from low depth heavy industrial use to excessive depth gentle trade. “There is a relatively limited supply of modern small and medium-sized industrial space in southeast Calgary, so we are aiming to provide some market respite in this regard,” Day says. “This location has the potential to be the most popular business park in southeast Calgary due to its proximity to other well-travelled businesses and major transportation networks, as well as views from the Barlow Trail and Glenmore Trail.”
The Barlow challenge will complement Anthem’s two different industrial growth initiatives within the quickly increasing distribution middle in Balzac, simply north of Calgary’s metropolis limits. These future logistics parks shall be designed with distribution/logistics tenants in thoughts.
In the present day’s posts, “Our goal is to be able to offer diverse options to different types of businesses across the region. We are committed to meaningful, long-term investment in Alberta. Calgary is just the beginning.”
The Anthem group continues to hunt further industrial funding alternatives and goals to increase into a number of key markets all through Western Canada and america.
Based in 1991, Anthem is a 450-person group pushed by creativity, ardour, and direct communication. Anthem has invested in, developed, or managed – alone or in partnership – greater than 310 residential, business and retail initiatives all through western North America.
Our rising residential portfolio contains 17,500 full properties, in design or underneath development, from mixed-use residential and multi-family masterplans, to townhouses and single household communities.
We personal, personal, handle or previously personal greater than 8.5 million sq. ft of retail, industrial, rental, residential and workplace house. We’ve developed over 60 communities on 7,400 acres of land in Alberta, British Columbia and California.
Anthem is an actual property growth, funding and administration firm that strives, solves and evolves to create higher areas and stronger communities. We plant locations.
Anthem Properties Ltd.
telephone: +1877568 9636
E-mail: [email protected]
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