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

For more information
LA CAISSE
Media Relations Team
+ 1 514 847-5493
medias@lacaisse.com

BEEDIE
Samantha Falk Communications
+1 604 307 3219
sam@samfalk.com   

SOURCE La Caisse