Provides clients with seamless access to major US and Canadian markets
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TORONTO, Dec. 1 /CNW/ - Bentall Kennedy brings together two respected entities, Bentall LP and Kennedy Associates Real Estate Counsel, LP. Bentall Kennedy serves the interests of more than 400 clients across 130 million square feet of office, retail, industrial, residential and hotel properties totaling $23 billion throughout Canada and the US.
"This is a significant milestone for both Bentall and Kennedy. It is the culmination of a strategic partnership between the two firms that began in 2006. It strengthens Bentall Kennedy's capabilities in cross-border investment and provides clients with access to a wide range of North American opportunities and products," says Gary Whitelaw, Chief Executive Officer of the Bentall Kennedy group of companies.
"We have a great deal of alignment between the two organizations culturally, including our uncompromising fiduciary orientation and our commitment to responsible property investing," says Michael McKee, Chief Executive Officer, Bentall Kennedy US. "Coming together in this way makes a lot of sense for us and the clients we serve," adds McKee.
Bentall originated in 1911 as a small Vancouver-based construction company. In the ensuing 100 years it has become Canada's largest real estate advisory and services organization. Kennedy Associates was established in 1978 and grew to become America's largest independent real estate advisor. The two companies joined forces under a strategic partnership in 2006 and effective today are creating a comprehensive, North America-wide platform. Bentall Kennedy provides clients with the means to invest in top tier real estate in both the United States and Canada through a single investment platform that is supported by the unparalleled depth of real estate knowledge and experience of its founding partners.
Widely recognized as a highly disciplined fiduciary and a leader in responsible property investing, Bentall Kennedy acts for prominent public and corporate pension funds, life insurance companies, endowments, foundations and trusts, high net worth families and sovereign wealth funds. In Canada, Bentall Kennedy offers comprehensive asset and portfolio management, property management, leasing and development services. In the US, Bentall Kennedy provides its clients a full range of investment advisory services. The continent-wide platform is executed by more than 1300 employees at 14 offices located across Canada and the US.
Bentall Kennedy is privately owned by senior management and two of North America's largest institutional investors, SITQ (a subsidiary of the Caisse de dépôt et placement du Québec) and the British Columbia Investment Management Corporation (bcIMC).
About Bentall Kennedy
Bentall Kennedy is one of North America's largest real estate investment advisors and one of its foremost providers of real estate services. Bentall Kennedy serves the interests of more than 400 clients across 130 million square feet of office, retail, industrial, residential and hotel properties totalling $23 billion throughout Canada and the US. Bentall Kennedy has a 100-year track record of delivering superior returns and a reputation for integrity, innovation and creating value. Bentall Kennedy is a leader in responsible property investing. As part of our fiduciary framework, we seek to enhance asset performance by addressing the environmental, social and governance aspects of developing, owning and managing commercial real estate. For more information visit: www.bentallkennedy.com.
For further information: For further information:
Jennifer Arnold, Director, Communications, Bentall Kennedy, (416) 681 2726, [email protected]