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InnHouse Group Of Companies Announces Strategic Investment in Upfield Vancouver Island Industrial Property

Vancouver, BC – April 2024 – InnHouse Group Of Companies, a leading investor in commercial real estate, is thrilled to announce a strategic investment in a significant industrial property on Vancouver Island, further expanding its portfolio into industrial outdoor storage spaces. This new acquisition, located at 9401 Trans-Canada Highway in Chemainus, BC, covers a vast 45.53-acre area and is currently fully leased to a diverse range of tenants.

The property benefits from an exceptional location with significant frontage on the Trans-Canada Highway, making it a pivotal industrial hub between Victoria and Nanaimo. This acquisition aligns with InnHouse’s strategic objectives of investing in high-demand industrial areas and enhancing asset value through proactive management and potential development initiatives.

Salim Karim, President and CEO of InnHouse Group Of Companies, stated, “This investment demonstrates our commitment to diversifying our real estate portfolio and capitalizing on the growing demand for industrial properties in strategic locations. We see tremendous potential in this property, not only due to its prime location but also because of its flexibility in usage which aligns perfectly with our long-term investment strategy.”

The property currently hosts a variety of industrial tenants, providing stable and diversified income. With several leases set to renew at market rates in the near future, there is a significant opportunity to enhance yields. Additionally, the site’s heavy industrial zoning allows for a range of uses, offering flexibility in tenant mix and operations.

Amin Karim, Principal and Director at InnHouse, added, “Our approach involves not just acquisition but active asset management. We plan to optimize this property through strategic lease management and exploring potential subdivision, which will significantly increase its value and provide excellent returns to our investors.”

InnHouse Group Of Companies is dedicated to investments that not only offer financial returns but also contribute positively to the communities they are part of. This new acquisition is expected to play a crucial role in supporting the industrial needs of Vancouver Island, reflecting InnHouse’s commitment to responsible and strategic growth.

For more information about InnHouse Group Of Companies and our activities, please visit our website.