QuadReal announces closing of $400 million Green Bond Senior Note Offering
VANCOUVER, BC, Nov. 10, 2026 /CNW/ -- QuadReal Property Group ("QuadReal"), a global real estate investment, development and operating company, is pleased to announce today the successful issuance of $400 million, 4.051% Series 1 Senior Notes maturing November 17, 2029 (the "Senior Notes") issued by BCI QuadReal Realty Trust ("BQRT"). Effective January 1, 2026, BQRT became the successor issuer of BCI QuadReal Realty ("BQR") and serves as the primary issuing entity of unsecured notes for British Columbia Investment Management Corporation's ("BCI") real estate program. BCI is a Canadian leader in investment fund management that provides services to British Columbia's public sector.
The Senior Notes were issued under QuadReal's Green Bond Framework established in July 2020
"We are very pleased with the strong reception to our return to the capital markets, particularly as this marks the inaugural issuance for BQRT. The continued support of our longstanding investors, alongside the participation of new investors, reflects confidence in our business, financial strength and long-term strategy," said Tamara Lawson, QuadReal's Chief Financial Officer. "We greatly value these investor relationships and look forward to building on the momentum of this successful issuance in future capital markets transactions."
The Senior Notes were offered on a private placement basis to accredited investors in Canada and are rated AA (low) with a stable trend by DBRS Limited (Morningstar DBRS). The offering was made on an agency basis by a syndicate of agents co-led by CIBC World Markets Inc. and TD Securities Inc. Additionally, BMO Nesbitt Burns Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Desjardins Securities Inc., SMBC Nikko Securities Canada, Ltd. and Wells Fargo Securities Canada, Ltd. served as co-managers.
About QuadReal Property Group and BCI QuadReal Realty Trust
QuadReal Property Group is a global real estate investment, development and operating company headquartered in Vancouver, British Columbia. Its assets under management are $98.5 billion. From its foundation in Canada as a full-service real estate operating company, QuadReal has expanded its capabilities globally for investments in equity and debt in both the public and private markets. QuadReal invests directly through operating platforms in which it holds an ownership interest and via programmatic partnerships.
QuadReal seeks to deliver strong investment returns while creating sustainable environments that bring value to the people and communities it serves. Now and for generations to come.
QuadReal: Excellence lives here.
BCI QuadReal Realty Trust (BQRT) was established as a wholly-owned subsidiary and successor issuer of BQR. Effective January 1, 2026, BQRT assumed substantially all of the assets and liabilities of BQR, including its obligations under the outstanding Senior Notes of BQR. BQRT's real estate platform is managed by QuadReal.
SOURCE QuadReal Property Group
Media contact, Hannah Wanlin, Manager, Communications & Marketing, M: +1 416 881 5129 E: [email protected]
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