Official Closing of the CanFirst Industrial Development Fund (CIDF)

CanFirst Capital Management is pleased to announce the official closing of the CanFirst Industrial Development Fund (CIDF).

CIDF was launched to acquire sites across Canada to develop industrial properties with a focus on major urban areas.  The fund launched with a first close of $120 million supported by a pipeline of several greenfield development sites. With the creation of the CIDF, CanFirst Capital Management has established a family of funds that covers all aspects of the real estate cycle, to build, improve and acquire real property.

We are very excited for this opportunity to add a new complementary element to our platform and to continue to create value for our partners via disciplined strategic investment.