WINNIPEG, MB – P3 Industrial One LP has officially closed on the purchase of a scalable portfolio of industrial lands located at 29-46 South Landing Drive in the South Landing Business Park. These highly attractive industrial development lots, situated along McGillivray Boulevard, enable investors to participate alongside P3 executives in a growth-oriented development limited partnership which provides them access to the multi-tenant, warehouse, shop and showroom industrial property sector at wholesale development cost. Buildings developed in P3 Industrial One LP will capitalize on the demand for new-format industrial properties that offer modern infrastructure, flexible floor plans, the latest environmental and design considerations, and on-site amenities.
Moving into 2024, P3 Industrial One LP will advance with predevelopment activities, including tendering the first phase of the lands and securing contracts. The intention is to commence the construction of the first phase of the project in the summer of 2024.
ABOUT PRIVATE PENSION PARTNERS
The Private Pension Partners Group of Companies (P3 Group) provides a vertically integrated real estate platform including asset management, development, leasing, property management, and investment services. With more than a decade of sound investment, quality development, and strong management services, the P3 team controls $750 million of total assets, 1,700 apartment units under management or development, and 450,000 SF of commercial space either owned by P3 or third-party pension-grade clients.
For more information about P3 Industrial One LP and this acquisition, please contact Tom Toni, Associate Vice President, Real Estate Capital for Private Pension Partners Investments.
Associate Vice President, Real Estate Capital