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Invested in making an impact

Invested in making an impact

Many benefits are associated with improving a building’s performance. Aside from the more monetary benefits — like saving energy & water and increasing value — modifications can improve the health and safety of its occupants, which thereby increases retention, & makes the space more appealing to renters. At Canderel, several initiatives are underway to ensure the well-being of the buildings we operate, and of the tenants that occupy them.

Ensuring quality & performance through LEED certification

Ensuring LEED® certification is a good place to start. Issued by the Canada Green Building Council, this rating system is recognized as the international mark of excellence for green buildings. LEED® Existing Building: Operations & Maintenance rewards buildings which have successfully implemented environmental and human health best practices. LEED®-certified properties are committed to continuously improving their energy & water performance, and providing healthier and safer space for occupants. These properties are truly a reflection of the values of the organizations that own and occupy them. Buildings like Canderel’s Toronto flagship 777 Bay, which has achieved LEED® Gold recertification, continue to be a standard of quality for its tenants and partners.

Ensuring occupant comfort through accessibility

Part of making our buildings more comfortable and inviting is by enabling access to a wider range of building occupants and visitors. Not only for those with a visible physical disability like wheelchair users, but also for others like seniors who may experience pain, diminished vison or mobility, people carrying luggage or rolling bags, and adults pushing strollers. The demand for accessible infrastructure continues to grow, which is why Canderel is proud to have refitted its Southland Park 1 building in Calgary to make it accessible. We even received our first Rick Hansen Foundation Accessibility Certification (RHFAC) in Calgary.

Ensuring greener communities through urban beekeeping

One of the latest initiatives to improve the communities around us is urban beekeeping. What better way to fill unused space than with beehives! They contribute to the greening of our cities by pollinating the trees, flowerbeds and veggie gardens around us. To date, Canderel hosts four hives in Montreal and Toronto, and our bees are thriving. They produce up to 100 jars of pure natural honey per year per hive, as well as other derived products like lip balm, soaps and candles. It’s a great way of highlighting the many issues surrounding the environment & encouraging the greening of the city centres in which we thrive.

These initiatives are meaningful ways Canderel can make a positive impact in the world around us.

Author: Caroline Bordeaux

Exciting new projects rolling out in Edmonton

Exciting new projects rolling out in Edmonton

Canderel is growing our portfolio in Edmonton with the management of high-profile buildings in the heart of the city centre.


Edmonton City Centre

The Canderel team is excited to be involved in the management of one of the city’s busiest and most sought-after commercial and retail properties: the Edmonton City Centre. This downtown destination for working, shopping and dining is in a prime location to enjoy the city centre.

The centre was purchased by a group headed by LaSalle Investment Management, a team with whom Canderel has developed an excellent relationship with over the years. Canderel is a co-investor and property manager for the project. Given the sheer size of this mandate (almost 1.4 million sf), the project was divided into two sectors: retail and commercial. Canderel will be managing the office and parking components, which include the Oxford Tower, the TD Tower, Centre Point Place, and over 2,500 parking spots in four separate parkades. North American Development Group will be overseeing the retail portion of the centre.


Stantec Tower

Another thrilling project is Canderel’s new mandate to manage the tallest skyscraper in Canada outside of Toronto, the prestigious Stantec Tower. This 66-storey 700,000 sf mixed-use tower consists of retail space, offices, and 454 residential units. Its major tenants are Stantec, PwC Canada and Dentons Canada. The project forms part of the new Ice District, which includes a JW Marriott Hotel and Rogers Place, home of the NHL’s Edmonton Oilers. The project is targeting a LEED® Gold certification.

This mandate was awarded to Canderel by DekaBank of Germany, an entity with whom Canderel first formed a relationship when they financed 777 Bay in Toronto in 2016. Their confidence in Canderel and the relationship we have built with them over the years lead them to award us this prominent mandate.

The Edmonton City Centre and the Stantec Tower are significant milestones that we are proud to be a part of as we continue to invest and grow in the Edmonton market, which started a number of years ago with our acquisition of Humford Management.

Taza—An exciting collaboration with the Tsuut’ina Nation

Taza—An exciting collaboration with the Tsuut’ina Nation

After three years of planning and preparation, the partnership created by the Tsuut’ina Nation and Canderel announced a significant milestone with the commencement of the first phase of the Taza development project. Located immediately adjacent to the southwest border of the city of Calgary and totalling 1,200 acres, Taza is one of the largest First Nations developments in North America.
Chief Lee Crowchild described the announcement as momentous and said, “This signifies another major step forward for Taza and is reflective of the economic and social vision the Tsuut’ina Nation and its leadership have had for decades.” For Canderel, the Taza development represents a unique opportunity to combine our extensive development experience with our history of creating successful, long-term partnerships.

The first phase of Taza features The Shops at Buffalo Run, a 45-acre major retail centre offering 400,000 sf of retail, entertainment and restaurant spaces including a 150,000 sf Costco – the first to be located in a First Nations’ development! This will be Costco’s sixth store in the Calgary market and is expected to be open by the summer of 2020. Canderel is proud to be involved in this historic partnership and this transformative development.

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