Articles from Connect CRE

Martin Jia Yu Mei, a real estate investor and strategist, has been recognized by Connect CRE Canada's 2025 Next Generation Awards. Mei focuses on sourcing and underwriting projects in emerging East Coast markets, particularly in Moncton, New Brunswick. He has been instrumental in transforming underutilized assets into profitable opportunities and contributes significantly to community initiatives, such as educating new immigrants and youth. His efforts in reshaping distressed properties and supporting investor education make him a valuable asset to the real estate industry.

Americold Realty Trust has started construction on a new cold storage facility in Saint John, New Brunswick. The project, valued at $75-$80 million, marks their expansion into Canada and is in partnership with DP World and Canadian Pacific Kansas City. The facility will offer 22,000 pallet positions to improve food distribution between Canada and global markets. Opportunities NB will support job creation with up to $1.01 million in payroll rebates and the project is expected to contribute significantly to the provincial GDP.

Loblaw is expanding its Maxi discount grocery chain into New Brunswick by opening a new store in Caraquet this fall. This 15,000-square-foot store at Place Saint-Pierre will be Maxi's first location outside Quebec and will generate around 30 new jobs. The expansion aligns with Loblaw's strategy to increase their small-footprint store presence across Canada. Maxi aims to resonate with the local community's francophone heritage and values.