As a member of REALPAC and on behalf of the LiUNA Pension Fund of Central and Eastern Canada, our client, Fengate is pleased to participate in an industry initiative by REALPAC and its members to support the national vaccination rollout. The program offers free use of select vacant commercial real estate space across Canada (such as retail space in malls, big boxes, conference centres, hotels, industrial units, parking lots and office buildings) as vaccination sites to governments and health networks across Canada. By offering such space, REALPAC aims to provide a simple scalable portfolio of real estate assets to form part of Canada’s distribution network supporting the vaccine mobilization effort. BBC reported that the U.K. is seeing success using a similar process of repurposing spaces as vaccination clinics.
REALPAC is a national industry association dedicated to advancing the long-term vitality of Canada’s real property sector. Their members include publicly traded real estate companies, real estate investment trusts (REITs), private companies, pension funds, banks and life insurance companies with investment real estate assets each in excess of $100 million. To learn more about the initiative, click here https://lnkd.in/enuP-YR