Prime industrial land in the middle of Canada’s largest robotics and automation cluster is becoming available – and quickly getting claimed.
Intermarket Properties, a real estate management and development company, has announced that the road and servicing work at the IP Park in Cambridge, Ontario, is complete and that some property transactions are already final.
On June 9, Intermarket announced that three of their sites were already acquired, while work on a 85,000 square foot industrial building focused on Advanced Manufacturing and Robotics will begin soon. This development will include units in the 10,000 to 20,000 square foot range. The company is also in the process of building a 100,000 square foot data centre.
“We are seeing a lot of interest in IP Park because manufacturers want to bring their supply chain back to Canada,” said Mark Kindrachuk, President of Intermarket. “In addition, because of COVID-19, there is a tremendous increase in e-commerce, robotics and digital streaming; and this bodes well for our industrial and data centre buildings.”
IP Park is a master-planned industrial and commercial development that is strategically located next to Toyota Motor Manufacturing Canada – the largest automotive manufacturer in Canada – and ATS Automation, which is a leading automation innovator that works with manufacturers across sectors.
This multimodal location is minutes from the 401 superhighway, which provides convenient access to Toronto and entry into the United States through Detroit and Buffalo, as well as passenger/cargo rail and two international airports. This location is also at the centre of Canada’s largest manufacturing and automotive corridors.
For manufacturers looking for space in one of Canada’s most strategically valuable regions there’s good news – IP Park is just the tip of the iceberg. Five separate development projects, representing approximately 900 acres of available land, are expected to be online within three years. This includes the Intermarket properties, iPort Cambridge – a 300-acre state-of-the-art logistics and advanced manufacturing campus – and two developments under government management. All of these developments benefit from the same multimodal transport connections as the IP Park.
A manufacturing hub with 150 years of experience, Waterloo is close to five US-Canada border crossings and within a one-day drive of 150 million consumers. Locating in Canada also provides access to the world’s most comprehensive trade network – we’re #1 in trade connections to G7 countries, including Japan, the United States, the United Kingdom and the European Union. We have trade agreements with 40 countries representing 1.6 billion consumers and more than 60% of the global economy.
What makes Waterloo special is the combination of location and trade access with one of the most skilled manufacturing talent pools in Canada. The University of Waterloo is Canada’s top technology university, home to Canada’s largest engineering school, and is ranked top-40 globally for engineering and technology. Conestoga College has an exceptional reputation for programs focused on advanced manufacturing, engineering, automation and the trades, including a new 30,000 square foot skilled trades campus.
In total, more than 18% of Waterloo’s workforce is employed in manufacturing, working at highly regarded companies like Toyota, ATS Automation, Eclipse Automation, Clearpath Robotics and more.