TORONTO - The GTA West office of Newmark Knight Frank Devencore, Canada's largest corporate real estate advisor and brokerage exclusively representing corporate office and industrial space users, announced that it has successfully completed a major tenancy mandate for Spanish multinational Natra, a European leader in the manufacture of derivative cocoa and chocolate products.
The multi-faceted transaction involved securing Natra's specialized production facility in London, Ontario and a sales office in Toronto. The fit up of the production facility is currently underway.
The production facility will be part of Natra's consumer goods division, complementing the company's existing multi-product factories in Spain, France and Belgium.
According to Natra, establishing facilities in Canada is part of the company's strategic plan to increase its presence in markets outside Europe. The new plant, totalling 100,000 square feet, should be fully operational in the first half of 2014 and is targeted to produce 12,000 tonnes of chocolate products per year.
"We are delighted to have been able to orchestrate and structure a transaction of this complexity within a very limited time frame," said Marc Dexter, Associate Vice President and Sales Representative at NKF Devencore's GTA West office. "The services we provided included site selection, severance issues, enlisting municipal support, negotiating multiple conditions, property rezoning, and a number of other considerations. The success of the transaction hinged on our ability to provide one-stop solutions for the entire process."
"It brings us a great deal of satisfaction to be able to fully utilize our team of professionals to help a foreign company expand their international operations into Canada," said Chris Allen, Broker at NKF Devencore's GTA West office. "The creative structuring of the transaction allows Natra to optimally manage their operations and cash flow, and helping them establish and build their North American presence is particularly gratifying."
About Newmark Knight Frank Devencore
As part of Newmark Grubb Knight Frank, one of the world's leading commercial real estate advisory firms, Newmark Knight Frank Devencore is Canada's largest corporate real estate advisor and brokerage, exclusively representing corporate, industrial and retail space users. With offices across the country, Newmark Knight Frank Devencore offers its global clientele comprehensive services that are individually designed to ensure executive real estate decisions are supported by effective strategies and professional execution. To learn more about our capabilities, please visit www.devencorenkf.com
About Newmark Grubb Knight Frank
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