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Owner users, small investors dominate sales of Montreal logistic properties

Institutional purchases could pick up when rent growth resumes
That was then: The 511,000 square-foot logistics property at 4145 Boulevard Saint-Elzéar Ouest in Laval was purchased by an institutional investor, BMO Financial Group, from Pure Industrial in October 2022 for $119.94 million. More recently, Institutional investors, along with REITs and private equity, have curtailed investment in large Montreal logistics facilities after a wave of new supply slowed rent growth. (CoStar)
That was then: The 511,000 square-foot logistics property at 4145 Boulevard Saint-Elzéar Ouest in Laval was purchased by an institutional investor, BMO Financial Group, from Pure Industrial in October 2022 for $119.94 million. More recently, Institutional investors, along with REITs and private equity, have curtailed investment in large Montreal logistics facilities after a wave of new supply slowed rent growth. (CoStar)
CoStar Analytics
July 16, 2026 | 2:39 P.M.

While institutional capital continues to target large-scale logistics facilities, the bulk of recent transactions has shifted toward smaller facilities where building sales are dominated by owner-users and private investors.

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