REGINA, Nov. 5, 2013 /CNW/ - The Global Transportation Hub (GTH) and
Morguard Investments Limited (Morguard) finalized an agreement in the
spring of 2013 for Morguard to build and lease world-class facilities
for the transportation and distribution sector. Today, an official
ground breaking ceremony signaled the beginning of the initial
development - and the beginning of a new era of growth in Saskatchewan.
The Agreement confirmed the purchase of 50 acres of land, another 50
acres in 2014, with an option for additional land in future years in
the GTH. Morguard made the purchase on behalf of its pension fund
client, Healthcare of Ontario Pension Plan (HOOPP), and will lead the
build lease development project.
The official name of the initial development phase is TransLink
Logistics Centre. The name reflects the different modes of
transportation such as road and rail that connect local, national and
international export and import activities with the region.
"Our collective goal is to transform this greenfield development into a
world-class multi-tenant industrial premises specifically designed to
meet LEED Silver standards," said Stephen Taylor, President and COO,
Morguard Investments Limited. "We are committed to developing
sustainable buildings that will enable high volume and efficient
low-cost operations for new tenants entering the TransLink Logistics
Morguard has completed the detailed design of four new buildings.
Construction is now underway by PCL for two of the four buildings
targeted for completion in May 2014. Floor plates range from 60,000 SF
to 82,000 SF with a build to suit option of up to one million SF.
Morguard has partnered with Avison Young to manage leasing
opportunities in the new facilities.
"Regina's industrial market has needed this type of initiative for
years. We're so proud to be part of a team that understands the
importance of long range planning and execution. This market needs
options for existing tenants, and more importantly for market
entrants," said Dale Griesser, Broker for Avison Young's Regina office.
"Our priority is to work with our industry contacts, placing an
emphasis on business attraction, expansion, repositioning, and
"From a marketing perspective, likely no other product can compete with
this development in terms of total cost of doing business," said Jeff
Sackville, Associate at Avison Young Regina. "Building design, site
access, speed to market and site functionality are all essential
elements of our clients' considerations. Clearly, Morguard has hit a
home run in this regard."
"Morguard is another prime example of Saskatchewan's Growth Plan in
action," Minister Responsible for the Global Transportation Hub, the
Hon. Bill Boyd said. "Morguard's presence at the GTH is the most
recent demonstration that Saskatchewan is the place to be in Canada.
We have the strongest job growth and lowest unemployment in the
country, and we have a great quality of life in this province," he
Finalizing this agreement makes Morguard the third company to join the
GTH in 2013 following the Emterra Group and a new Saskatchewan Liquor
and Gaming warehouse. They join Loblaw, Canadian Pacific Rail and
Consolidated Fastfrate at the 1,700 acre transportation and logistics
hub in west Regina. Since its legislation was proclaimed in August of
this year, the GTH is now an unparalleled self-governing Inland Port
Morguard Corporation (TSX: MRC) is a major North American real estate
and property management company. It has extensive retail, office,
industrial and residential holdings owned directly and through its
investment in Morguard REIT (TSX: MRT.UN) and Morguard North American
Residential REIT (TSX: MRG.UN). Morguard also provides real estate
management services to institutional and other investors.
Created in 1960, HOOPP is the pension plan of choice for Ontario's
hospital and community-based healthcare sector with over 440
participating healthcare organizations. HOOPP's 274,000 members include
nurses, medical technicians, food services staff and laundry workers,
and many other people who work hard to provide valued Ontario
About Avison Young
Avison Young is the world's fastest-growing commercial real estate
services firm. Headquartered in Toronto, Canada, Avison Young is a
collaborative, global firm owned and operated by its principals.
Founded in 1978, the company comprises 1,300 real estate professionals
in 53 offices, providing value-added, client-centric investment sales,
leasing, advisory, management, financing and mortgage placement
services to owners and occupiers of office, retail, industrial and
The Global Transportation Hub is Canada's only autonomous self-governing
Inland Port Authority. The GTH is Saskatchewan's "'Gateway with the
World", with the fastest speed to market, logistically superior and
best-priced solution in western Canada. Saskatchewan's exceptional
economic growth has created new demand for supply chain solutions. As
a result the GTH has quickly become an unprecedented business and
investment opportunity providing clients the chance to own and develop
customized green-field solutions through a single point of contact.
SOURCE: Morguard Corporation
For further information:
Margaret Knowles, SVP Development
Richard Jankowski, Managing Director
Paul Staats, Communications Advisor