Regional Group acquires Qualicum Centre on Baseline Rd. in Ottawa

Regional Group is pleased to announce the acquisition of Qualicum Centre (consisting of a three-building Class “A” prestige office campus) located at 2932, 2934 & 2936 Baseline Rd. in Ottawa. The campus is close to Major transportation routes, amenities, and the Hospital.

Originally constructed in 1988 & 1989, these BOMA Best Certified “Class A” buildings totaling 224,151 sq ft. GFA (gross floor area), have recently undergone extensive modernization & upgrades.

Featuring impressive indoor and outdoor communal amenity spaces, and complete with a 4-level parking tower, Qualicum Centre is a sought-after suburban office campus that houses several esteemed long-term tenants.       

Having joined the firm in February 2022, Sr. Director Acquisitions, Sachin Anand is responsible for the identification and oversight of Regional Group’s real estate acquisitions. He emphasizes the firm’s quest for scale, and diversification within their office portfolio and highlights Qualicum Centre’s apt fit within the firm’s long-term revenue and investment goals.

“We are delighted to be able to welcome such an iconic property to our growing portfolio and look forward to fostering partnerships with existing tenants — while continuing to unlock the real estate value of this impressive property.”

– Tal Scher, VP, Asset Management, Investor & Government Relations, Regional Group

“With an emphasis on value-add real estate & mid-high rise development projects, Regional Group has become known for sourcing opportunity in the marketplace to support continued growth and evolution. The acquisition of this high-profile, and sustainable property is a notable achievement for the firm, and I am very proud of our team’s ability to identify and deliver value to our stakeholders.”

– Sender Gordon, President & CEO, Regional Group

The property will be leased and managed by Regional Group with one availability of 16,451 sq.ft. as of February 2023.