EIA leverages new partnership to drive economic growth
EDMONTON, Alberta – (COMMERCIAL THREAD) – Edmonton International Airport (EIA) is strengthening its economic development, diversification and job creation by partnering with ONE Properties. ONE Properties will take on a property management role for existing tenants, allowing EIA to refocus its commitment to growth and attract investment.
EIA is Canada’s largest airport by land area and uses its land holdings to strategically generate economic opportunities for the Edmonton metropolitan area. The Airport City Sustainability Campus is already home to major tourism, commercial and light industrial developments. Before the pandemic, the EIA supported 26,000 jobs with an economic impact of $ 3.2 billion. The airport’s goal is to accelerate beyond those levels and move beyond to further help Alberta recover from the impacts of COVID-19.
“ONE Properties is a well-known company that already manages 18 million square feet of properties in the region and beyond. We rely on their expertise and resources to improve services and enhance our real estate assets. We expect 2022 to be a big year for our Airport City Sustainability campus. ”
– Myron Keehn, Vice-President, Air Services and Business Development
“We are delighted with this opportunity to partner with EIA. ONE Properties understands the importance of EIA to Edmonton’s economy and recognizes the value a partner can add by optimizing the real estate portfolio in support of EIA’s operations and growth objectives.
– Kimberlie Garraway, Vice-President, Property Management
ONE Properties has been involved in the development and management of significant properties including ICE District, Edmonton Tower and numerous commercial and industrial properties, as well as high quality residential rental properties in Alberta and the Greater Toronto Area.
The Airport City Sustainability Campus will experience continued growth in 2022. Pending regulatory approval, Alpin Sun will move forward with the construction of Airport City Solar, the largest airport solar farm in the world, with a area of 627 acres. In the spring and summer, construction of a major extension of the EIA apron and facilities will be completed. This will allow the airport to land more cargo planes, turn them around faster, and become a more sought-after cargo hub for international business.
About Edmonton International Airport
Edmonton International Airport (EIA) is a self-funded, not-for-profit corporation with a mandate to promote the economic prosperity of the greater Edmonton area. The EIA is Canada’s fifth busiest airport in terms of passenger traffic and the largest Canadian airport in terms of area. The EIA Airport City Sustainability Campus is a living laboratory for accelerating the development, testing, implementation and commercialization of technology. EIA offers non-stop connections to destinations across Canada, the United States, Mexico, the Caribbean and Europe. The EIA Airport City Sustainability Campus is a living laboratory for accelerating the development, implementation and commercialization of technology. The EIA is a major economic engine, with economic output of over C $ 3.2 billion, supporting more than 26,000 jobs. Follow @flyeia on Twitter, Instagram, Linkedin Where Facebook.
About ONE properties
ONE Properties is a private integrated real estate investment firm that develops and manages a range of high quality assets across Canada. Since 1987, ONE has been creating value, empowering businesses and defining communities through its people, partners and properties. ONE draws on its expertise in a range of asset classes – multi-family residential, retail, office, industrial and mixed use. Visit www.oneproperties.com for more information.
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