Real Estate

Firm snaps up $100M in London, St. Thomas commercial real estate

22/08/2023

A Toronto real estate investment firm has taken a nearly $100-million stake in London and St. Thomas.

Published Aug 18, 2023  •  2 minute read

Downtown London skyline. Photograph taken on Monday June 5, 2023. (Mike Hensen/The London Free Press)

A Toronto real estate investment firm has taken a nearly $100-million stake in London and St. Thomas.

Nexus Industrial REIT has made three buys of local commercial real estate, one of which is for a St. Thomas manufacturer to undergo a 70,000 square foot expansion, said Rob Chiasson, chief financial officer for Nexus.

“The market vacancy is very low. In some areas it’s close to zero,” Chiasson said. “There’s not a lot of building going on in the London market, not a lot of supply. Rents have been increasing, demand is increasing. It’s a great market for us to be

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