VANCOUVER, BC , May 1, 2024
/CNW/ - Deka Immobilien Investment GmbH and Canderel announce
today the signing of an agreement in the real estate investment
sector. This agreement confirms that Canderel has been selected as
Deka's strategic partner and will be responsible for the
operational management (operations and leasing) and maintenance of
Deka's recently acquired assets 401 West
Georgia and 402 Dunsmuir in Vancouver (401 W
Georgia). The agreement specifically covers the operations
of 401 W Georgia, a 416,000 SF
Class A and AAA office complex in Vancouver, BC.
"We are delighted to continue our partnership with Deka as
their trusted service providers with their 2nd major
acquisition in Canada," said
Bryce Margetts, SVP Western Canada,
Canderel. "With the support of existing and new team members
working out of our Vancouver
office, we will be able to continue to provide a superior level of
service to our tenants and partners, while delivering on Deka's
long-term investment strategy."
Canderel's commitment to excellence as the designated manager of
401 West Georgia ensures that this
prime asset will be expertly stewarded, further solidifying its
position as a cornerstone of Vancouver's real estate landscape.
About Canderel
Canderel is one of Canada's
largest real estate companies. Headquartered in Montréal with
offices across the country, Canderel has been part of the Canadian
real estate landscape for over 48 years. Drawing on the expertise
of close to 700 real estate professionals, Canderel has developed a
unique expertise and positioning in value creation, performance
optimization and improving return on real estate investments. Since
its beginnings, the company has managed more than $20 billion in acquisitions, developments and
management projects, reflecting over 80 million square feet of
property acquired, managed and developed since the company's
inception.
SOURCE Canderel Management Inc.