January 2021
Despite the many challenges that 2020 brought our way, Panattoni Development Company Canada was fortunate to have a very busy year with some notable successes.
We continued to add to our team in 2020 with several strategic hires in order to expand on our bedrock of talent and expertise. This growth will ensure that we continue to provide the best service to our clients as we look to add to our project pipeline and expand our portfolio across Canada.
Panattoni Canada continued to increase our pipeline last year by adding a further 200 acres of development land to our holdings. In 2020, we reached over 1.2 million square feet of construction completions and leased a total of 2.79 million square feet across Canada. We also saw over 3.0 million square feet of construction starts last year across multiple markets.
We were honoured at the 2020 NAIOP REX Awards event, by receiving the 2019 Investment Deal of the Year award for the Logistics Drive investment sale. We share this recognition with our partner TD Asset Management as well as the team members and counterparts involved in the transaction. It was truly an honour to receive this recognition by our real estate peers.
As we look forward to the new year, 2021 will be another exciting time for the Panattoni team. We anticipate approximately 4.2 million square feet of new construction starts across Canada, and will complete approximately 4.6 million square feet in new construction projects this year.
