Why is Microsoft Canada Investing In GTA Real Estate?
Acquisitions that will aid in the race for cloud domination.
1 min read
Microsoft, the global technology conglomerate, has taken some significant steps towards acquiring real estate in the Greater Toronto Area. Throughout Q1, Microsoft Canada acquired two properties in the GTA, including land and retail space, and it doesn’t seem like they are stopping there.
In March 2021, Microsoft Canada acquired 48 Lowe’s Place & Resources Road, a free-standing 145,000 square foot vacant retail property sitting on a 13.5-acre site. The second transaction, 6100 Langstaff Road, a 28.2-acre site in Vaughan, concluded in April 2021.
These acquisitions may pose the question-- why is Microsoft Canada transitioning from occupier to investor? The answer may have to do with the tech industry’s race towards cloud domination, and it looks like they are headed in the right direction. Acquiring as much property within Canada and the US will allow them to reach new heights and remain at the top of mind within the field. The virtual world will only continue to demand more space in the physical world.
Learn more about Microsoft Canada’s recent acquisitions in the Great Toronto Area (GTA) and beyond.
Reference
Argeropoulos, B. (2021, May 18). Microsoft buying GTA land and retail? What’s up with that? [Web log post]. Retrieved June 18, 2021, from https://renx.ca/microsoft-buy-gta-land-retail-whats-up/
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