KRP Properties

KRP Properties, formerly known as Kanata Research Park Corporation, is a Canadian commercial real estate company headquartered in Kanata, Ontario. Its business centers on the development, ownership, management, and leasing of commercial properties, especially office and technology-oriented facilities. The company is closely associated with Kanata Research Park and Kanata North Technology Park, two business-park environments that form part of Ottawa’s major technology cluster. KRP’s properties have supported a concentration of information-technology, telecommunications, electronics, software, and research-oriented businesses. Companies identified as operating in or around its parks have included Mitel, Ericsson, March Networks, Huawei, Hewlett-Packard, Amdocs, DragonWave, Solace, Pleora Technologies, Protecode, TSMC Design Technology Canada, Halogen Software, and Nokia. Ciena and Cisco have also maintained locations in the surrounding Kanata technology area. This tenant profile has given KRP a positioning that differs from a general-purpose office landlord: its real estate portfolio is particularly connected with technology-sector workplaces and the wider Ottawa innovation economy. The company expanded beyond its original Kanata-centered portfolio in 2016, when it acquired nine additional commercial office buildings in a transaction valued at $70 million. The deal represented a material geographic and portfolio expansion, taking KRP beyond Kanata for the first time according to the available reference material. The acquisition broadened the company’s commercial real estate base while retaining its focus on office properties. KRP’s operating environment also includes amenities associated with its business parks. The area is home to the Brookstreet Hotel and the Marshes Golf Club, which complement the office and research facilities and contribute to the parks’ broader commercial ecosystem. KRP’s activities therefore extend beyond simple building leasing to the management and development of a mixed business-park setting serving corporate tenants, employees, visitors, and technology-sector organizations. Sustainability has been part of the company’s stated operating profile. KRP Properties received the Sustainability Award at the 2015 Ottawa Business Awards. The recognition cited efforts involving energy and waste reduction, water conservation, green cleaning, and sustainable purchasing. These initiatives indicate an emphasis on integrating environmental measures into property operations rather than treating sustainability as a standalone project. As of 2018, Martin Vandewouw was identified as president. The management team listed in the available reference material also included executives responsible for leasing and marketing, operations, construction and development, finance, and legal and corporate-secretarial functions. No reliable current ownership, listing, financial, or official website information is provided in the supplied sources. KRP Properties is therefore best described as a Canadian commercial property company whose brand identity is anchored in technology-focused business parks and office real estate in the Ottawa region.

KRP Properties is a Canadian commercial real estate company based in Kanata, Ontario. It was formerly known as Kanata Research Park Corporation, a name that reflected its close association with the development and operation of business-park real estate in Kanata. The company’s activities have included commercial property development, ownership, leasing, and management. KRP’s best-known properties are Kanata Research Park and Kanata North Technology Park. These parks form part of the broader Kanata technology cluster in Ottawa and have accommodated a substantial number of information-technology, telecommunications, electronics, software, and research-related companies. Tenants and organizations associated with the parks or surrounding area have included Mitel, Ericsson, March Networks, Huawei, Hewlett-Packard, Amdocs, DragonWave, Solace, Pleora Technologies, Protecode, TSMC Design Technology Canada, Halogen Software, and Nokia. Ciena and Cisco have also had locations in the area. This concentration of technology businesses has shaped KRP’s identity as a specialist business-park and office-property operator rather than a broadly diversified consumer-facing real estate brand. The company’s properties are situated within a wider commercial environment that includes amenities such as the Brookstreet Hotel and the Marshes Golf Club. Their presence helps create a more complete business-park setting for corporate tenants, employees, visitors, and events. KRP’s role consequently involves not only providing buildings but also participating in the development and operation of an environment designed to support business activity. A significant portfolio milestone occurred in 2016. KRP Properties acquired nine additional commercial office buildings in a $70 million transaction. The acquisition expanded the company beyond Kanata for the first time, according to the available account of its history. It marked a change from a primarily Kanata-centered portfolio toward a broader commercial office platform. The transaction also demonstrated the company’s use of acquisition as a means of increasing its property base. Sustainability became a publicly recognized element of KRP’s operations in 2015, when the company was selected for the Sustainability Award at the Ottawa Business Awards. The award recognized efforts to incorporate energy and waste reduction, water conservation, green cleaning, and sustainable purchasing into its business practices. These measures covered several areas of property operations and procurement, suggesting an organization-wide approach to environmental management. The available reference identifies Martin Vandewouw as president as of 2018. It also names Linda Sprung, Terry Young, Richard Goldstein, Catherine Robidas, and J. Patrick Ferris in senior roles covering leasing and marketing, operations, construction and development, finance, and legal and corporate-secretarial responsibilities. The supplied materials do not establish their current status, nor do they provide a complete founding chronology, ownership structure, current portfolio figures, or current financial information. KRP Properties is therefore documented primarily through its role in the development and leasing of technology-oriented commercial real estate in Kanata and Ottawa, its 2016 expansion through the purchase of nine office buildings, and its sustainability initiatives recognized in 2015. Further current information would be required to describe its present corporate structure, leadership, website, financial position, or portfolio in detail.

• 2016

  Expansion beyond Kanata

  [1]KRP Propertiesen.wikipedia.org

  The company acquired nine additional commercial office buildings in a $70 million deal, expanding its portfolio beyond Kanata for the first time.

• 2015

  Sustainability Award recognition

  [1]KRP Propertiesen.wikipedia.org

  KRP Properties was selected for the Sustainability Award at the Ottawa Business Awards for integrating energy and waste reduction, water conservation, green cleaning, and sustainable purchasing into its operations.

A commercial real estate owner, developer, and landlord positioned around technology-oriented business parks and office environments in the Kanata and Ottawa region.

• Technology-oriented business park

  Kanata Research Park

  A commercial business-park environment associated with KRP Properties in Kanata, Ontario. The park provides office and related commercial facilities for technology and research-oriented organizations and has been associated with companies in information technology, telecommunications, software, and electronics.

• Technology-oriented business park

  Kanata North Technology Park

  A technology-focused business-park offering associated with KRP Properties and the Kanata North technology cluster. Its commercial environment supports office-based technology companies and related businesses, forming a core part of KRP’s property identity.

• Commercial real estate

  Commercial office properties

  KRP Properties develops, owns, and leases commercial office buildings. In 2016, the company added nine buildings through an acquisition valued at $70 million, broadening its portfolio beyond its original Kanata focus.

• 2016

  Acquisition of nine office buildingsM&A

  Background

  KRP Properties had been strongly associated with commercial real estate in Kanata. The acquisition offered a way to enlarge its office portfolio and extend its geographic reach.

  Action taken

  The company acquired nine additional commercial office buildings in a transaction valued at $70 million.

  Aftermath

  The transaction expanded KRP’s portfolio beyond Kanata for the first time.

  Transaction value. $70 million (2016)

  Source

1. 1KRP Propertiesen.wikipedia.org