Vancouver, BC (PRWEB) October 10, 2013
In the heart of Delta, just minutes from the port, adjacent to the airport and alongside the new billion dollar freeway, the Boundary Bay Industrial Park is set to become Metro Vancouver’s largest new–and most easily accessible—industrial development when Phase I completes in 2014. And it’s coming at just the right time.
In a market where large-scale industrial space is hard to find, Dayhu’s 47-acre project will offer unprecedented leasing opportunities to large companies in need of warehouse spaces upwards of 900,000 square feet.
“We’re effectively the only option under construction that can offer contiguous space of this magnitude,” says Paul Tilbury, COO of The Dayhu Group. “And in addition to the increasing demand from Canadian companies in need of distribution centres or warehouse space, there are a number of new US brands coming into the Canadian market seeking this format of industrial space.”
According to CBRE’s Chris MacCauley, there isn’t a single option right now in Vancouver for companies in need of warehouse space in the 300,000 to 400,000 square foot range.
“Companies like Target, Amazon and Costco have looked and been unsuccessful to date in finding a suitable location to meet their demands in Metro Vancouver,” says MacCauley. “Boundary Bay offers the only solution to companies looking for large-scale, well-located, well-built distribution centres to be operational in the next twelve months.”
Hindered by a lack of land, Metro Vancouver has historically been less competitive in attracting big users compared with Calgary, Toronto and the US. But with the expansion of the port and the continued growth in population and trade, the shortage of industrial space has become a real problem for the B.C. economy.
“Boundary Bay will fill the short-term pent up demand for large-scale industrial spaces,” says MacCauley. “But that demand will continue to grow with no relief in sight for the next five years, meaning companies will continue to source out to other markets that may not be as efficient and cost effective.”
Boundary Bay will be ready in May 2014 and will offer a well-built, well-located space for large companies. It is just minutes away from Deltaport, the city’s largest container port, handling more than 70 percent of the region’s inbound container shipment volume. The project also offers excellent access to BC’s new highway network, including the new South Fraser Perimeter Road, a four-lane expressway that will connect the port with Highway 1. Boundary Bay’s location is ideal as it provides unparalleled access not only to the port and the highway, but also to the Canada/US border and to Metro Vancouver’s rail network – resulting in huge savings in transportation and logistical costs for companies.
“For retailers looking for a larger distribution facility in Vancouver, Boundary Bay’s strategic location will drive supply chain savings through reduced transport and labour costs,” says Darren Cannon, Executive Vice President of Industrial Sales & Leasing at Colliers International. “As well, these buildings employ the latest features, presenting a unique opportunity for distribution companies requiring close proximity to Deltaport.”
Facts at a Glance:
The Dayhu Group is a privately-held, family-owned business founded in 1956. With the completion of Boundary Bay Industrial Park, the company will own and manage 4.5 million square feet of industrial and commercial property in BC and Alberta.