In response to lenders looking to consolidate their borrowing pools during challenging times, we drew on our track record and lending relationships to access North American and global banking resources through the pandemic, securing C$875m in new borrowing between 2020-2021. This access to new capital increases corporate liquidity and supports further acquisition, development and sustainability pursuits in the US and Canada.

For example, the loan for Orchard Trimble business park in San Jose, California is supporting a solar panel array installation, which is estimated to result in a 91% usage offset at both 2610 and 2630 Orchard buildings, and a 55% usage offset at 55 West Trimble.