McCOR Management, CCI Corpfin Captial and KingSett Capital deliver value to tenants through best-in-class digital connectivity
WINNIPEG, Manitoba, July 2020 – McCOR Management announced today that 330 Portage Avenue has been awarded Wired Certified Silver, making it the first office property in Winnipeg to achieve the international standard of digital connectivity for commercial properties. The 18-storey downtown office building is managed by McCOR Management and owned by KingSett Capital and Corpfin Capital.
Wired Certification is an internationally recognized standard that proves a commercial building has strong, competitive internet capabilities. WiredScore, the company behind the Wired Certification, assesses commercial buildings around the globe to evaluate their internet connectivity to create a standardized scoring system for use by landlords and tenants. In October 2017, Wired Certification came to Canada using Toronto as its flagship market. Demand from forward-thinking commercial real estate organizations, such as McCOR Management, KingSett Capital and Corpfin Capital, has seen the certification platform quickly expand across the country into new markets including Montreal, Vancouver, Calgary, Edmonton, Ottawa and now, Winnipeg.
While having strong internet connectivity might seem like an obvious building feature in 2020, many offices are still not competitive with the digital connectivity requirements of today’s office tenants, and, tenants are losing productivity and money because of it.
“Connectivity is no longer a nice-to-have, or an after-thought, but a critical pillar of the office experience for today's businesses. According to Gartner, businesses lose an average of $300,000 during an hour of internet downtime,” said Andrew Freitas, Head of Canada for WiredScore.
Freitas continued: “Selecting an office that doesn't have reliable connectivity is something that no company can afford. KingSett Capital, Corpfin Capital and McCOR Management have taken proactive measures to ensure that connectivity is not an issue for tenants at 330 Portage Avenue so that they can focus on growing their business and serving customers.”
330 Portage Ave has achieved Wired Certified Silver. Highlights from WiredScore’s comprehensive assessment include multiple secure fibre options available to tenants, empowering them to choose their preferred service provider and secure competitive pricing for high-speed internet; capacity for future digital buildouts as technology evolves; and quicker setup time when moving into the building.
“Being the first building in Winnipeg to have this certification is a huge achievement for 330 Portage Avenue, McCOR is very proud. We are confident in the building’s ability to meet any tenants need as far as connectivity is concerned. When it comes to leasing new space, the ability to be connected is often a top priority for tenant, so we essentially checked that box before they even walk into the building.” Says Robin Hardman, General Manager, Manitoba for McCOR.
About WiredScore
WiredScore is the organization behind Wired Certification, the internationally recognized digital connectivity rating system for commercial real estate that helps landlords design and promote their buildings' great digital connectivity to tenants.
Wired Certification champions cutting-edge technology in commercial real estate by providing the only certification for rating the infrastructure, connectivity and technological capacity of commercial buildings. More than 550MM square feet of commercial real estate in more than 2,400 buildings have been Wired Certified globally, including buildings owned by landlords such as Blackstone, J.P. Morgan, Skanska, and Hines. International demand for the digital connectivity rating system has seen the company expand operations to the United Kingdom, Canada, Ireland, France, Germany, Australia and the Netherlands.
About McCOR Management
McCOR Management has offices in Calgary, Edmonton, Gatineau, Laval, Regina, Toronto, Vancouver and Winnipeg, offering the national reach needed to best serve leading investors and occupiers whilst retaining the local expertise to accommodate smaller firms and sole proprietorships competitively. The formation of McCOR Management creates one of Canada’s largest privately-owned real estate development and property management companies, with over $3-billion of assets under management.
About CCI Corpfin Capital
Corpfin Capital is a national real estate asset and advisory management firm providing services to institutional and high-net worth clients. As a co-investor, Corpfin understands the challenges and needs of its clients and has a proven track record of value creation and maximizing returns. Founded in 2016, Corpfin focuses on delivering superior results through an integrated and flexible commercial real estate investment and management platform. Corpfin is actively seeking opportunities in all asset classes across Canada.
About KingSett Capital
KingSett Capital is Canada’s leading private equity real estate investment business co-investing with institutional and ultra-high net worth clients seeking to provide premium risk weighted returns through its various fund strategies. Founded in 2002, KingSett has raised $11 billion of equity for its Growth, Income, Urban and Mortgage strategies. Currently, KingSett owns interests in a $15 billion portfolio of assets. KingSett continues to seek further opportunities to invest in a wide range of real estate properties, developments, joint ventures and mortgage lending.
Media contact:
Robin Hardman CPM, RPA McCOR Management (MB) Inc. rhardman@mccor.ca, 204-594-0393
