La Caisse and Beedie launch partnership focused on Canadian industrial properties. Sep 10, 2026, 09:01 ET The joint venture launches with a $1 billion seed portfolio and an acquisition target of up to $2 billion for Canadian industrial assets MONTRÉAL and VANCOUVER, BC, Sept. 10, 2026 /CNW/ - La Caisse (formerly CDPQ), a global investment group, and Beedie, a Canadian leader in real estate development, investment, asset and property management, today announced the creation of a strategic partnership to acquire and develop industrial real estate assets across major Canadian markets. The partnership will look to capitalize on evolving market conditions and favourable long-term demand drivers for well-located industrial space. As part of this transaction, the joint venture will launch with a $1 billion seed portfolio of premier industrial assets located in Metro Vancouver, Calgary and Toronto. La Caisse and Beedie will each hold a 50% interest in the portfolio, and Beedie will manage the enterprise and provide fully integrated services. The seed portfolio includes five income-producing properties totalling more than 2.5 million sq. ft. of leasable area, as well as one development project expected to deliver approximately 200,000 sq. ft. of leasable area. The properties are occupied by investment-grade tenants across diverse sectors. To support future growth, the partners have also established a deployment target of up to $2 billion in gross asset value to pursue acquisition opportunities across the full spectrum of risk profiles in key Canadian markets, including British Columbia, Alberta, Ontario and Québec. "By combining our capital and investment expertise with Beedie's proven operating capabilities and deep market knowledge, we have created a scalable investment vehicle to build a portfolio of quality industrial assets in some of Canada's most strategic markets," said Rana Ghorayeb, Executive Vice-President and Head of Real Estate at La Caisse. "This partnership strengthens our ability to capture compelling opportunities alongside one of Canada's leading operators." "This partnership represents a major step forward in our long-term strategy to scale our real estate platform through aligned institutional capital," said Ryan Beedie, President, Beedie. "La Caisse and Beedie share a strong conviction in the long-term strength of the Canadian industrial real estate sector, and we are proud to build a partnership grounded in common values, disciplined execution, and a commitment to sustained growth. We look forward to working with La Caisse to build a portfolio that reflects the highest standards of quality, location, and operational performance." RBC and CBRE acted as advisors to Beedie on the transaction. McCarthy Tétrault and Blake, Cassels & Graydon LLP acted as legal counsel to Beedie and La Caisse, respectively. ABOUT LA CAISSE La Caisse has invested for over 60 years with a dual mandate: generate optimal long-term returns for its 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, La Caisse is active in the major financial markets, private equity, infrastructure, real estate and private credit. As at June 30, 2026, it held CAD 552 billion in net assets. For more information, visit LaCaisse.com, LinkedIn or Instagram. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. ABOUT BEEDIE Beedie is a Canadian leader in real estate development, investment, and property management. Founded in 1954 and based in Burnaby, British Columbia, Beedie is driven by its social responsibility promise - "Built for Good". Through its industrial, residential, and investment businesses, Beedie prides itself on creating spaces where people live, work, and thrive. Beedie is also proud to give back to the community and has donated and committed through corporate and philanthropic investment over $195 million to more than 500 organizations in need. Learn more at beedie.ca BEEDIE Samantha Falk Communications +1 604 307 3219 [email protected] SOURCE La Caisse

Beedie breaks ground on 60-acre Surrey industrial park. South Campbell Heights Business Park will bring more than 1 million sq. ft of industrial space to one of Metro Vancouver's fastest-growing logistics corridors. July 13, 2026 Beedie has officially started construction on South Campbell Heights Business Park, a 60-acre industrial development at 19084 20th Avenue in Surrey, BC. And it's a significant one - once complete, the park will deliver more than 1 million sq. ft of industrial space, positioning itself as the gateway to South Campbell Heights. The groundbreaking took place in late June, with Surrey Mayor Brenda Locke joining members of Surrey City Council and city staff, Beedie's development and construction teams, representatives from Cushman & Wakefield, and the project's first tenant partner to mark the occasion. For Beedie, the milestone builds on more than two decades of history in the city. Locke pointed to that track record in her remarks on the project. "Surrey continues to attract the investment needed to support our growing economy, and last week's groundbreaking is an exciting example of that momentum," Locke said. "More than 20 years after Beedie's first development in Surrey, South Campbell Heights Business Park represents a significant investment in employment, industrial growth, and economic opportunity." The park sits in Campbell Heights, a well-established industrial node with direct highway access to Highway 15 and Highway 99, putting the Canada/US border minutes away, alongside efficient connections to Highway 91 and Highway 1. The positioning also shortens travel times to Deltaport - Canada's largest container terminal - as well as Vancouver International Airport (YVR) and the broader Lower Mainland, making the site well suited to logistics, distribution, and last-mile operations. The surrounding area isn't short on amenities, either. Restaurants, cafés, retail, banking, hotels, and essential services all sit within minutes of the park, backed by a growing residential base and established commercial nodes that continue to shape Campbell Heights into one of Surrey's more dynamic business communities. With construction officially underway, completion details will follow as the project progresses.

Port Moody approves Beedie three-tower condo project. Beedie Group has received City of Port Moody approval to develop three condominium towers as part of a mixed-use project in the Vancouver suburb, according to multiple media reports. The transit-oriented project is located in the Spring Street area and will include almost 1,000 units across the three towers. The company is developing the project through its Beedie Living affiliate. Plans call for the towers to be up to 39 storeys. The buildings are to be located at 2806 Spring Street and 3060-3092 Electric Avenue. Mixed-use components will include non-market housing and employment spaces along with enhanced public areas, said Beedie. The project supports the city's transit-oriented development vision, the company added. The towers will comprise 972 residential units atop one-storey podiums that include retail, office, work-from-home and co-working spaces that could create up to 600 jobs, the Tri-City News reported. Image: Perkins and Will/Beedie