About The Project

Approximately 21% of space (75,000 Sq. ft) is licensed to a total of 30 different medical clinics, each of which requires an individual licence.  Each licence must renew every 10 years which can be very challenging. Retail units occupy 4% of space under leases of different durations.

Number of sites                1

Number of buildings        1

Size m2                               33,454

Partnership Working and ESG

1. Contributed to CAD c. $2M build out of 4,200 sq. ft Cardiology Diagnostic Clinic in 2018. Was former Retail Space which would have been otherwise difficult to let given circumstances.
2. Successful conclusion of above led to further CAD $750K project.

Commercial/Financial

Financial close date         2004

Construction Capex         $95M

Term of PA                         30 years

Term of HCP MSA            3 years

Contract year                    Aug                       to           July

Financial model updates due       Rebuild in process