Airport Executive Park

Overview

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Sector

Office
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Purchase Date

January 2019
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Fund

Fiera Real Estate
CORE Fund
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ESG

BOMA Best Gold

Airport Executive Park (AEP) is a premier 13-building, 707,809 SF suburban office portfolio in Richmond, BC, positioned just east of the Vancouver International Airport. The acquisition provides immediate scale and enhances the CORE Fund’s western geographic exposure with an irreplaceable asset on a 31.5 acre campus in the severely land constrained Greater Vancouver market.

Features 

  • The portfolio contains all Class A product occupied by a strong mix of national and international tenants.
  • The site is strategically located with excellent access to Vancouver International Airport, Downtown Vancouver, the U.S. Border and two major highways of Metro Vancouver.
  • There is a long term development density of 655,000 SF unbuilt GFA permitted by zoning.

Purchase Rationale 

  • Bought for Income
  • Well located
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