Bentall Kennedy launches new real estate investment management platform
Bentall LP and Kennedy Associates Real Estate Counsel, LP have merged to form Bentall Kennedy to serve the interests of more than 400 clients across 130 million square feet of office, retail, industrial, residential and hotel properties totaling $23 billion throughout Canada and the U.S.
“This is a significant milestone for both Bentall and Kennedy. It is the culmination of a strategic partnership between the two firms that began in 2006. It strengthens Bentall Kennedy’s capabilities in cross-border investment and provides clients with access to a wide range of North American opportunities and products,” says Gary Whitelaw, CEO of the Bentall Kennedy group of companies.
“We have a great deal of alignment between the two organizations culturally, including our uncompromising fiduciary orientation and our commitment to responsible property investing,” says Michael McKee, CEO, Bentall Kennedy US. “Coming together in this way makes a lot of sense for us and the clients we serve.” Bentall Kennedy is privately owned by senior management and two of North America’s largest institutional investors, SITQ (a subsidiary of the Caisse de dépôt et placement du Québec) and the British Columbia Investment Management Corporation (bcIMC).