18 Dec Amazon announces new Edmonton-area fulfillment centre
ONE Properties and TD Greystone Asset Management will develop a million-square-foot fulfillment centre for e-commerce giant Amazon in Leduc County, just outside the City of Edmonton.
The announcement, made Monday afternoon, is the fourth major Amazon (AMZN-Q) fulfillment centre to be announced in Canada this year, following on the heels of facilities in Ottawa, Caledon (Greater Toronto Area) and at the Delta iPort in Metro Vancouver. Amazon also announced in mid-2017 a facility in Rocky View County north of Calgary, which is now open and employs more than 1,500 workers.
The four facilities Amazon is currently building comprise a total of about 3.5 million square feet of leasable space.
The Leduc fulfillment centre, which will focus on the packing and shipping of larger consumer goods, is expected to employ about 600.
When it opens, the Leduc facility will be Amazon’s 11th fulfillment centre in Canada.
“Our ability to create over 600 good-paying jobs with great benefits is thanks to the network of support we’ve received and the skilled workforce in the region,” said Glenn Sommerville, director of Amazon operations in Canada, in a release.
“We’re grateful for the welcome we’ve received from government and community leaders and excited by our growth in Alberta and ability to better serve our customers.”
Outdoor equipment, patio furniture and bicycles are among the types of products which will ship from the warehouse.
58 acres in Border Business Park
The building will be developed on 58 acres of land within Border Business Park.
“On behalf of our institutional clients, we are delighted that Amazon has chosen Border Business Park for its newest fulfillment centre in the Edmonton Metropolitan Region,” said Jeff Tripp, managing director, real estate investments, TD Greystone in a prepared statement.
* Amazon to occupy 450K-sq.-ft. facility at Delta iPort
* Amazon to build fourth GTA fulfullment centre in Caledon
“Border Business Park is an optimal choice to meet the needs of Amazon and we are honoured to work alongside a world-renowned company such as this.”
The park has been developed over the last several years by TD Greystone and ONE Properties. Situated on the border of the City of Edmonton and Leduc County, the Border Business Park offers easy access to area amenities, public transit and major roadways.
The facility is scheduled for completion in early 2020.
“We are excited about our new relationship with Amazon,” said Darren Durstling, president and CEO, ONE Properties, in the statement. “With our development expertise, we look forward to delivering quality and uncompromising value to seamlessly execute Amazon’s newest venture.”
The project will employ approximately 700 workers over the term of the construction project.
ONE Properties, TD Greystone, Amazon
ONE Properties is a development, property management, asset management and real estate company. ONE is focused on creating value through the strategic acquisition, development and management of retail, office, industrial, residential and mixed-use properties in progressive markets.
ONE is headquartered in Edmonton with additional offices in Calgary and Toronto.
TD Greystone Asset Management is a Canadian institutional investment manager with over $35 billion of assets under management (as of Sept. 30). Since 1988, TD Greystone has been providing clients with multi-asset class solutions through its in-house expertise in fixed income, Canadian equities, U.S. equities, international equities, real estate, mortgages and infrastructure.
TD Greystone is based in Regina with offices in Toronto, Winnipeg and Hong Kong.
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking.
Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon.
The post Amazon announces new Edmonton-area fulfillment centre appeared first on Real Estate News Exchange (RENX).
Powered by WPeMatico