PSP Investments divests 7900 Airport Road Property to Unilever Canada

Company

PSP Investments

Law Firm / Organization
Davies Ward Phillips & Vineberg LLP
Lawyer(s)

Pawel Mielcarek

Company

Unilever Canada Inc.

Law Firm / Organization
Unilever Canada Inc.
Lawyer(s)

Les Chaiet

In 2024, the Public Sector Pension Investment Board (PSP Investments) sold its stake in the industrial property at 7900 Airport Road, Brampton, Ontario, to Unilever Canada Inc. This facility, a 744,413-square-foot LEED Gold-certified building, serves as a major hub for Unilever's Canadian operations. The transaction was facilitated by Davies Ward Phillips & Vineberg LLP, with partner Pawel (Paul) Mielcarek acting on behalf of PSP Investments. This sale aligns with PSP Investments' strategy to optimize its real estate portfolio and Unilever's commitment to enhancing its operational infrastructure in Canada.

Merger & Acquisition
Infrastructure
Undisclosed/Confidential
Closed
02 January 2024