(Under construction)
Upgrades to industrial warehouses in Alberta, Ontario and Quebec
Dream to update and improve buildings’ energy efficiency
Fast facts
The CIB’s $50 million loan to Dream Industrial will help the real estate firm to retrofit 34 industrial warehouses in Alberta, Ontario and Quebec.
Buildings account for 18% of Canada’s emissions and investments from the CIB help to prioritize and accelerate building upgrades which reduce energy consumption.
The CIB’s investment will support updates in mid- and large-bay warehouses used for urban logistics, light industrial and distribution. Building upgrades include: mechanical and electrical systems, renewable energy generation, heating, ventilation and air conditioning systems, fuel switching, energy management technology, building envelope and electric vehicle charging.
The project is expected to create 630 jobs and generate 14,500 megawatt-hours of clean electricity from installed solar panels.
Benefits of the CIB’s involvement
The project extends the CIB’s Building Retrofit Initiative with an already committed $1.5 billion in loans across the country.
Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of Dream Industrial REIT.
