Story perspectives

Fiera Real Estate Invests $170M in Calgary Rental Towers

6/4/2025

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Summary

Story summary

Fiera Real Estate invested $119.9 million in three rental towers in Calgary's Quarry Park, contributing to a $1.13 billion commercial real estate market in Q1 2025.
The newly acquired towers, developed by Remington Development, feature 333 units completed between 2022 and 2023.
Additionally, Fiera purchased a six-storey building in Marda Loop for $49.96 million, comprising 123 units.
Calgary's real estate market demonstrates robust demand, particularly in multifamily and essential retail sectors, despite economic uncertainties.

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Story summary

Fiera Real Estate invested $119.9 million in three rental towers in Calgary's Quarry Park, contributing to a $1.13 billion commercial real estate market in Q1 2025.
The newly acquired towers, developed by Remington Development, feature 333 units completed between 2022 and 2023.
Additionally, Fiera purchased a six-storey building in Marda Loop for $49.96 million, comprising 123 units.
Calgary's real estate market demonstrates robust demand, particularly in multifamily and essential retail sectors, despite economic uncertainties.