Amazon Ottawa acquisition fits with Crestpoint’s global outlook

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The acquisition of the 2.8-million-square-foot Amazon facility in Ottawa, the largest fulfillment centre in Canada, meets several key objectives for Crestpoint Real Estate Investments Ltd., which assembled an international consortium for the $494-million purchase.

Crestpoint and its partners purchased a 90.1 per cent share of the state-of-the-art, multi-level facility in the suburban Southwest Ottawa community of Barrhaven. Developer Broccolini retained the other 9.9 per cent interest in the property, which was completed and turned over to Amazon late in 2021.

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