The deal also marks a broader resurgence of foreign capital in Manhattan, particularly from the Gulf region.

The facility is expected to become operational by the first quarter of 2027.

The 15,000 m² Grade A facility is fully leased on a 10-year term to a prominent Swedish car manufacturer.

CPPIB also suggested that the decision was partly influenced by recent amendments to Canada’s Competition Act.

In the first quarter of 2025, it grew at an annual rate of 7.3%.

AI Growth, Cooling Infrastructure, and the Imperative of Sustainable Management.