Doka Canada signs 10

VANCOUVER – Grosvenor Property Canada (GPC) has completed its second major industrial lease transaction on Annacis Island this year with Doka Canada Ltd., a formwork and scaffolding systems provider.

The agreement includes a 10-year lease, commencing this month for 830 Carlisle Street, a 15-acre industrial property on Annacis Island formerly occupied by Russel Metals, explains a release.

“This lease represents a unique partnership between landlord and tenant, as we are currently utilizing Doka’s proprietary formwork systems on Brentwood Block, our landmark mixed-use master-planned community in Burnaby,”: said Robert Duteau, executive vice-president, investment at GPC in a statement.

“The fact that we are working with Doka both as a tenant and as a trusted construction partner speaks to the quality of their products and their reputation within the industry. It’s rewarding to see this evolution of our partnership.”

A subsidiary of Austria’s Umdasch Group, Doka’s new Annacis Island facility will support its continued expansion in Western Canada, effectively doubling the company’s Metro Vancouver footprint, the release adds.

“The new Annacis Island facility marks an important step in Doka’s continued growth in Western Canada. This investment reflects our confidence in the ongoing strength of British Columbia’s construction sector and reinforces Doka’s commitment to being close to our customers, helping them meet evolving project demands with innovative formwork and scaffolding solutions,” added Gunnar Falke, CEO, Doka Canada Ltd.

In June, Grosvenor announced another major lease on Annacis Island to S&S Activewear.

Grosvenor acquired Annacis Island in 1952 as its first major international investment. Today, the company actively manages and owns 185 acres on the Island.