News

Waterloo, ON, Feb. 20, 2013 – Triovest Realty Advisors and Intermarket Developments, announced today that a new development project to be known as the Waterloo Corporate Campus has begun.

What is now the former NCR site at Northfield Road and Weber Street in north Waterloo will be cleared starting next week; construction of the new project will follow soon after. The 16-hectare (40 acre) project will be a mixed-use development, including loft-like office space, medical offices, restaurants, corporate office buildings, a co-location data centre facility and retail space. The first phase of the project will be two loft office buildings that are scheduled to open this fall.

“This is an extremely exciting project for our community and shows tremendous confidence in our City with substantial new investment,” says City of Waterloo Mayor Brenda Halloran.

“The Waterloo Corporate Campus joins a long list of projects and properties representing Triovest’s growing profile” says Triovest Realty Advisors Vice President, Developments, Alan Dillabough. “We’re excited by the opportunity of transforming existing properties and giving them new life so they can achieve full potential as valued spaces.”

Observes Mark Kindrachuk, President of Intermarket Developments: “The project will be built to LEED standards for office buildings, will feature substantial green spaces, and will be a pedestrian and bike-friendly environment.” The overall development is planned to be over 800,000 square feet and will be transit-friendly, as a Light Rail Transit (LRT) station is to be built across the street, he notes.

A number of local companies are involved in the project, including Melloul-Blamey Construction, Whitney & Company Realty Limited (office leasing), MHBC Planning, MTE Consultants (engineers) and Paradigm Transportation Solutions.

Triovest is proud to announce the acquisition and management contract of 7831- 7979 Vantage Way in Delta, British Columbia. This 11.5 acre industrial property is located 1 block from the only interchange connecting the South Fraser Perimeter Road to the Tilbury Industrial district.  The South Fraser Perimeter Road is a new, 4-lane, 80km/hr expressway currently under construction that, once completed in late 2013, will provide direct access to Deltaport, Highway 99, Highway 91 and Highway 1.

The property is improved with two existing buildings to be vacated by the existing occupant.  Triovest will immediately commence a major renovation of the property to create an “as new” Tier-1 industrial centre totaling over 277,000 s.f. that will be suitable for a wide range of industrial uses.   

This property was acquired on behalf of an existing client and is a strategic addition to their Triovest managed portfolio of industrial assets located in British Columbia. This portfolio includes Modalink Distribution Centre (778,000 s.f.), Glenwood Industrial Estates (715,000 s.f.), and 3100 Production Way (450,000 s.f.).

Triovest is pleased to announce the receipt of a BOMA BESt Certificate of Achievement, Level 3, for environmental excellence in the management of Keynote Office Tower, 1100 – 1st Street SE, Calgary. 

Keynote Office Tower is a 283,597 s.f. 14 story office and retail tower with on-site amenities including a Sunterra Market, Starbucks and the Royal Bank of Canada.  The site features 370 underground and surface parking stalls along with a patio on the plus 15 level for tenant and customer use.

Triovest recognizes the following staff for their contribution towards this achievement:

Bruce Dalsto – Director, Office Property Management

David Moore – Property Manager

Graham Sidders – Operations Manager

Noel Gopez – Building Operator

Lito Tenebro – Building Operator

BOMA BESt is the Canadian industry standard for commercial building sustainability certification, which is based on the internationally recognized and accepted Green Globes environmental assessment platform.

Triovest is pleased to announce the receipt of a BOMA BESt Certificate of Achievement, Level 3, for environmental excellence in the management of Sovereign Centre – 6700 Macleod Trail SE, Calgary. 

Sovereign Centre is a 99,919 s.f. high-rise office and retail building sitting on 1.47 acres.  The concrete structure sits over 217 underground parking stalls with another 58 surface stalls available.

Triovest recognizes the following staff for their contribution in this achievement:

Bruce Dalsto – Director, Office Property Management

Mike Schwarz – Property Manager

Graham Sidders – Operations Manager

Chris Parker – Building Operator

BOMA BESt is the Canadian industry standard for commercial building sustainability certification, which is based on the internationally recognized and accepted Green Globes environmental assessment platform.

December 21, 2012

Surrey, British Columbia

Triovest is proud to announce the acquisition and development of King George Station in Surrey, British Columbia.  In participation with the PCI Group, this phased mixed-used development is expected to accommodate 1.6 million s.f. of office, retail and residential space located directly adjacent to the King George Skytrain Station.  Future rapid transit expansion is planned to the east and south from the site.

Triovest will provide project monitoring, asset and property management services to its client on all phases of this development.

Phase 1 will incorporate a 180,000 s.f., nine-story, LEED Gold, first class office tower to be delivered in 2015.  The co-owners recently completed a lease agreement with Coast Capital Savings Credit Union for over 60% of the tower to serve as their new head office.  The building incorporates a cutting-edge architectural concept designed to portray a dynamic and distinct visual and physical representation of Coast Capital’s brand. 

The iconic building will display a state-of-the-art, open-concept design aimed at fostering collaborative work and innovation. It will include a daycare, a roof-top lunchroom and deck; fitness facility, expanded bike storage and showers for bike commuters as well as plug-in spots for electric cars.

Triovest is well-experienced in working with PCI with the existing development underway at Marine Gateway in Vancouver (480,000 s.f. mixed use plus 415 condos and 46 rental apartments) and through other successful developments completed together in Metro Vancouver at Cross Roads (220,000 s.f. mixed use) and Glenwood Industrial Estates (700,000 s.f. industrial park).

Keynote Urban Village, Calgary, Alberta

December 6, 2012

Triovest Realty Advisors Inc. is pleased to announce the closing of a significant transaction involving the purchase and sale of a 75% interest of an office tower and 1.04 acres of land for development in the Keynote Urban Village located in Calgary.

The 14 storey, 283,597 sq. ft. office tower was developed in 2010 by Keynote Development Inc.  Currently, 98% of the office tower is leased to anchor tenants AON Canada, CH2M Hill, the Royal Bank of Canada, and Sunterra Market.  Keynote Urban Village covers a full city block in the Beltline district between the primary one way arteries of Macleod Trail and 1^st Street SE, and 11^th Avenue and 12^th Avenue.  Future development plans for a 17 storey office Tower Two are in process for the east portion of the site. This will complete the full mixed use master plan which also includes two residential condominium towers, not included in this transaction.

Triovest played a vital role in the transaction providing advisory services to both the purchaser and vendor (Balboa Investments Inc.) who are now Co-Owners of the property. Triovest will provide asset management, property management and development management services to the Co-Owners.

Triovest is pleased to announce that BOMA Canada has awarded 3760 14th Avenue located in Markham, Ontario with The Outstanding Building of the Year (TOBY) Award – 100,000 sq.ft. & under. 

This national award is the most prestigious and comprehensive program of its kind in the commercial real estate industry recognizing quality in commercial real estate buildings and rewarding excellence in building management.

At 92,080 square feet, 3760 14^th Avenue is located at the corner of 14th Avenue and Warden Avenue. This exceptionally well-constructed building is ideally situated on a large parcel of land just half of a block south of Highway 407/ETR.

Constructed in 1990-1992, the building was designed by renowned architects Feridoun Choubak.  The building is clad in double-glazed lightly reflective and tinted glass.

We recognize the efforts and continued dedication of the Triovest team to win this award:

• General Manager – Manuella Proksch
• Assistant Property Manager – Makeda Grant
• Building Operator – Al Oosting
• Vice President, Central Region – Marlene Farias

Judging is based on building standards, community impact, tenant relations, energy conservation, environmental, regulatory and sustainability, emergency preparedness and security standards, and the training of building personnel.

The Healthcare of Ontario Pension Plan (HOOPP), one of Triovest’s largest clients, has introduced an awards program to honour its property managers who show leadership in environmental and energy performance. In its inaugural year, HOOPP’s Leadership in Environmental Advance Program (LEAP) awards is recognizing its “Low Energy Leaders” or the top 10 most energy efficient buildings within the HOOPP portfolio across Canada.

In order to be considered for this LEAP Low Energy Leader award, the eligible buildings must be classified commercial with 30% or less vacancy and have full energy consumption data for the entire 2011 calendar year.  The eligible buildings were then given a normalized energy-use intensity score and ranked accordingly.

We are pleased to announce that Triovest was successful in securing a total of four of the top 10 Low Energy Leader awards this year.  The following buildings were awarded this year’s LEAP award:

2^nd Place – ATCO Centre

7^th Place – Willingdon Park Phase I

8^th Place – Sussex Place

10^th Place – 200 Graham Avenue

Please join us in congratulating all personnel involved and on HOOPP’s achievements in environmental stewardship.

Triovest is pleased to announce that Les Galeries de la Capitale has recently been selected by consumers from the Quebec region as the 2012 Consumer Choice Award recipient in the “Shopping Centres” category. The receipt of this award is a direct result of the hard work and dedication of the staff at Les Galeries de la Capitale.

The Consumer Choice Award recognizes business excellence by conducting research with a third party firm that surveys both the consumer & business community with statistical accuracy. The research method determines all of the potential service providers, selects the top ranked companies, and establishes the winner within each industry. 

In addition to this recognition, Les Galeries de la Capitale again ranked first for annual traffic amongst Quebec region consumers in NADbank 2011 results. This mall has consistently obtained the highest traffic figures in the region.

The NADbank study database provides newspaper readership data for 84 daily newspapers in 53 markets and 59 community newspapers in 34 markets across Canada, and includes a section on shopping mall profiles.

Triovest is pleased to announce the receipt of The Outstanding Building of the Year, Corporate Facility, to cityplace, located at 234 Donald Street in Winnipeg, Manitoba.

The building was constructed in 1921 as a warehouse facility for the Eaton’s Department Store. The property was redeveloped in 1979, and now occupies a 3-acre site in the heart of downtown Winnipeg. The cityplace office tower provides 339,000 sq. ft. of office space to an estimated 2,000 downtown workers.

This award was received in recognition of several categories.  On the environmental stewardship front, cityplace is a BOMA BESt Level 3-certified building, and tenants have enjoyed improvements to the building’s heating, cooling, and lighting systems, water conservation, reduction of peak electrical demand, and upgrading of the direct digital controls system.

cityplace and its tenants also support local causes from the Citizens on Patrol Program, to Cycling for Diabetes, Habitat for Humanity and the Christmas Cheer Board. The building’s holiday giftwrapping offering is also a fundraiser for the Children’s Wish Foundation.

cityplace uses a current fire safety and disaster plan, and the most up-to-date emergency systems. The property management team also utilizes nationally developed business continuity and pandemic plans, which are modified for site-specific use. The team plans for and participates in ongoing training to improve health and safety awareness and operational best practices.

Click to open – Amalgamation Memo

New Brand Embodies Client Focus, Unity and Trust

Toronto, ON, June 6, 2012 – A national, integrated, commercial real estate investment and management company – with more than 56 million square feet of assets under management and a combined asset value of almost $10 billion – has a new identity: Triovest Realty Advisors Inc.

Triovest (tree-o-vest) represents the merger of Redcliff Realty Group and Tonko Realty Advisors Ltd. The two companies became unified last October when The Coril Group of Companies announced the acquisition of Redcliff; they had acquired Tonko in June 2011. The combined company is a significant competitor in the Canadian commercial real estate market. Its diversified portfolio includes office, retail and industrial property assets. Core services offered by Triovest include: investment management, development and redevelopment services, and property management.

The new company name and logo represent unification on several dimensions: people (clients, tenants and employees), current regional presence (west, central and east) and corporate entities (Coril, Redcliff and Tonko). Triovest signifies that all of its components are connected and working together in synchrony. The tag line for the new company name – “Trusted Realty Advisors – Connected Management” – reflects the key elements of Triovest’s vision and core values. These principles are strategically integrated and operationally efficient through a teamwork-driven focus on service to clients.

“Our new brand effectively captures our combined strengths and their benefits for the three key groups touched by the business: clients, tenants and employees,” says Triovest’s Managing Director and Chief Executive Officer Peter Cohos. “The name and logo convey our intent to be Canada’s trusted commercial real estate company and an organization that builds business success on integrity, staff empowerment, knowledge, service excellence and a commitment to provide long-term investment gain. We thank our employees for the successful growth and evolution that has culminated in the new Triovest brand.”

In addition to Peter Cohos, the other senior executives of Triovest are: Robert Proud, Managing Director and Chief Investment Officer, and William Briscoe, Managing Director and Chief Operating Officer.

About TRIOVEST

Triovest is a privately held Canadian real estate investment and management company that has more than 56 million square feet of commercial real estate assets under management on behalf of individual and institutional investors. Its diversified portfolio of office, retail, commercial and industrial properties is valued at almost $10 billion and is spread throughout the country. Triovest approaches real estate investment with the mindset of an owner, with a deep appreciation of fiduciary responsibilities. The company has offices in most major Canadian cities and has more than 830 employees.

Triovest is proud to announce the completion of an agreement with the PCI Group to participate in the development of Marine Gateway in Vancouver, British Columbia. Marine Gateway will incorporate a 480,000 square foot, LEED Gold, first class office and retail complex along with 415 residential condominiums and 46 rental apartments connected directly to a Canada Line rapid transit station and bus exchange. Upon completion, Marine Gateway will become a landmark destination in south Vancouver providing transit friendly, environmentally conscious living and working space. This has been embraced by the local market as evidenced by the achievement of 100% completed pre-sales on the condos within four hours of opening sales in March 2012. Construction is anticipated to commence in summer 2012 with Triovest in a project monitor role and PCI as development manager.

The office and retail components will consist of a 15 storey, 252,000 sf office tower and 228,000 sf of retail space including a major grocery store, movie theatre, banks and restaurants.

Triovest will provide asset and property management services to the office and retail components as they complete.

Triovest is well-experienced in working with PCI through their successful developments in Metro Vancouver at Cross Roads (220,000 sf mixed use) and Glenwood Industrial Estates (700,000 sf industrial park).

We are pleased to announce the receipt of a 2012 Real Estate Award of Excellence in the Commercial Building category to the Triovest managed LA MAISON DU DÉVELOPPEMENT DURABLE located in Montreal, Quebec. The Urban Development Institute of Quebec (UDI Québec) awarded the property in recognition of the technological innovation and avant-guard business model created in order to complete this project. On top of this achievement, LA MAISON DU DÉVELOPPMENT DURABLE is currently in the process of obtaining a LEED Platinum certification.

LA MAISON DU DÉVELOPPEMENT DURABLE is a 65,000 square foot grassroots project that serves as a place for reflection, education and the meeting of minds on sustainable development.

For more information please visit: www.maisondeveloppementdurable.org

Triovest is proud to announce the acquisition and management contract of a distribution and logistics facility located in Richmond, British Columbia. The four industrial buildings comprise a total of 778,000 s.f and are used for import/export distribution purposes. Tenants include Westran Intermodal, Simard Westlink Inc., Western Canada Express Inc. and Coast 2000 Terminals Ltd.

This property was acquired on behalf of an existing client and is a strategic addition to their Triovest managed portfolio of industrial assets located in BC. This portfolio includes Glenwood Industrial Estates (715,000 s.f), 3100 Production Way (450,000 s.f) and Lake City Court II (71,000 s.f).

This is one of the largest single industrial transactions to ever take place in Metro Vancouver.