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VANCOUVER, May 14, 2018 /CNW/ - The Digital Technology Supercluster announced the appointment of Sue Paish as CEO. Paish will be responsible for building and leading the Supercluster that will establish BC and Canada as global leaders in digital technology.

Paish brings a wealth of experience across multiple industries and a track record of growing successful businesses, leading large-scale change initiatives and advancing the applications of data-driven insights and new technologies. Her proven ability to build robust partnerships across sectors and deliver results in dynamic environments make her the ideal leader for the Digital Technology Supercluster. Under her direction, the Supercluster will support collaborative development projects to digitally transform Canada's leading industries and create export opportunities for Canadian innovations in technology.

The Digital Technology Supercluster is one of five federally supported superclusters focused on generating new jobs, growing GDP and increasing Canada's global competitiveness through the application of data analytics, quantum computing and virtual mixed/augmented reality. More than 350 organizations are members of the Digital Technology Supercluster, including major employers and innovators from sectors including healthcare, telecommunications, natural resources, computing and transportation.

The Digital Technology Supercluster will develop scalable solutions that enhance industry productivity and competitiveness. It will accelerate the successful modernization of the health sector while also advancing cultural diversity through creating tools for First Nations to preserve traditional knowledge and languages, and by providing Indigenous youth with in-demand career training.  Phase One pilot projects will support BC's resource industries, including forestry and mining, to create lasting employment opportunities while becoming ecologically sustainable and globally competitive.

Since the Government of Canada announced in February 2018 that the Digital Technology Supercluster was amongst the Superclusters awarded, the transition team has prepared for the foundational work of the supercluster, including preparing for the formation of the new not-for-profit corporation, initiating a pilot of the program/project development process, advancing Phase One pilot projects and convening discussions with stakeholders across industry, government and academia. The appointment of a founding CEO was an essential next step to begin building a leadership team, implementing the organizational vision and launching inaugural programs and projects.

Since 2012, Paish served as the President and CEO of LifeLabs Diagnostic Laboratories, the largest diagnostic laboratory in Canada and an industry leader in technological advances in diagnostics. Under Paish's leadership, LifeLabs acquired two major diagnostic laboratory operators and grew to be the fourth largest technology company in BC. She also led the formation of a partnership with GenXys Health Care Systems, to offer advanced precision health care based on individual genetic profiles. Paish's history of integrating new technologies and advancements while ensuring uninterrupted delivery of high-quality results was one of many factors that distinguished her as a sophisticated leader who can deliver on the massive potential of the Supercluster.

"After a rigorous search for the right individual to lead our supercluster, we're thrilled with Sue's appointment," says Josh Blair, Chief Corporate Officer, Executive Vice-President, TELUS, founding member of Canada's Digital Technology Supercluster. "Sue brings incredible experience as a leader, innovator and visionary to the role of CEO. Her ability to rise up and meet any challenge, and her passion for blazing new trails in tech-forward industries are unparalleled assets for this position. Under her stewardship, we're confident that the Digital Technology Supercluster will swiftly establish BC as a trailblazer in the digital economy."

"I am honoured to be chosen as the founding CEO for the Digital Technology Supercluster, and I am eager to begin our work," says Paish. "It's an incredible opportunity to forge a new model of partnership and collaboration as we make a bold leap into the future. Together with the support of our many partners, I look forward to unlocking the incredible potential of BC creators to grow our economy and build a thriving, globally competitive environment for our province and our country through digital technologies, data analytics, mixed/augmented virtual reality and quantum computing."

The Digital Technology Supercluster will be an exhibitor in the Marketplace at the BC Tech Summit, May 15-16 in Vancouver. The BC Tech Summit is the largest technology conference in Western Canada, connecting industry, government and research organizations to build cross-sector opportunities and showcase innovative, technology-driven initiatives from across BC. Media are invited to visit the Digital Technology Supercluster booth and experience an exciting preview of how businesses are using interactive virtual reality (VR) technology.


TORONTO, May 10, 2018 /CNW/ - Sound fundamentals, the logistics requirements of e-commerce, and innovations in building design and utilization continue to drive the rapid evolution of the industrial property sector across North America and Europe. An undersupply of available space remains a central issue in most markets, and developers have responded with notable new construction to anticipate occupiers' growing needs. Major online players are altering the supply chain, and new technologies and innovations are determining how, where and what type of industrial product is being built. Meanwhile, the needs of big data and the cannabis industry (in some markets) are adding to an already crowded playing field. Unknown factors potentially impacting the sector – and the global economy in general – include geopolitical changes such as the renegotiation of NAFTA and the U.K.'s exit from the European Union.

These are some of the key trends noted in Avison Young's Spring 2018 North America and Europe Industrial Market Report, released today.

The report covers the industrial markets in 59 North American and European metropolitan regions: Calgary, Edmonton, Halifax, Lethbridge, Montreal, Ottawa, Regina, Toronto, Vancouver, Waterloo Region, Winnipeg, Atlanta, Austin, Boston, Charleston, Charlotte, Chicago, Cleveland, Columbus, OH; Dallas, Denver, Detroit, Fort Lauderdale, Greenville, Hartford, Houston, Indianapolis, Jacksonville, Las Vegas, Long Island, Los Angeles, Memphis, Miami, Minneapolis, Nashville, New Jersey, Oakland, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Raleigh-Durham, Reno, Sacramento, San Antonio, San Diego County, San Francisco, San Jose/Silicon Valley, San Mateo, St. Louis, Tampa, Washington, DC; West Palm Beach, Mexico City, Coventry, U.K.; London, U.K.; Manchester, U.K.; and Bucharest, Romania.

"Today, I am pleased to share with you Avison Young's insights into the robust industrial market – the commercial real estate sector's hottest asset class," comments Mark E. Rose, Chair and CEO of Avison Young. "These insights are drawn from our annual industrial survey, spanning 59 markets across five countries and two continents, with a combined industrial stock of more than 14 billion square feet (bsf)."     

He continues: "The push to find cost-effective solutions for same-day or next-day delivery to consumers is continuously challenging the retail sector – and, by association, the industrial sector, which frankly are becoming more intermingled than ever before. Although e-commerce sales make up only a small, but rapidly growing, fraction of overall retail sales, stakeholders looking to service the retail sector are thinking long-term. Strong demand is reflected in declining vacancy rates which, by the way, are at or approaching historic lows in many markets and countries, leading to rising rental rates for industrial space. This situation has increased asset values – a fact that has made industrial assets hot commodities among investors and users as well as occupiers."

"Confidence in the long-term viability of the industrial sector and e-commerce has recently been demonstrated not only by the sheer leasing velocity and demand for space, but also by some notable M&A activity, such as the all-cash transaction valued at C$3.8 billion, including debt, between Blackstone and PIRET earlier this year in Canada, as well as a recently announced merger agreement in which Prologis will acquire DCT and its 71 million square feet (msf) of real estate in a US$8.4-billion stock transaction, including the assumption of debt, in the U.S.," says Rose.

According to the report, of the 59 industrial markets surveyed by Avison Young across North America and Europe, vacancy declined in 38 markets, remained unchanged in three, and increased in 18 during the 12-month period ending March 31, 2018.

The analysis also revealed that, with demand in most markets outpacing new supply, the development of new product has escalated. Nearly 235 msf was completed across all markets surveyed by Avison Young in the 12 months ending with the first quarter of 2018 – an increase of more than 5 msf compared with the prior 12-month period. Meanwhile, the amount of space under construction increased more sharply, jumping more than 13 msf year-over-year to nearly 234 msf.


MONTRÉAL, May 3, 2018 /CNW Telbec/ - The Public Sector Pension Investment Board (PSP Investments) today announced that it has entered into a definitive agreement with Bombardier Inc. to acquire its Downsview Airport property in Toronto.

"This investment is a perfect fit for PSP as it supports our long-term real estate investment strategy," said Neil Cunningham, President and CEO, PSP Investments. "We have a stellar track-record in working with large, complex projects across our entire investment portfolio, and we are proud of our continued commitment to investing in Canada."

Located in the North York district of Toronto, Downsview spans approximately 370 acres. It is surrounded by world-class research and innovation centers and benefits from proximity and connectivity to public transportation and highways. A global leader in the transportation industry, Bombardier has owned and operated the site since the early 1990s, using it to manufacture and test its Global series and Q400 aircrafts.  Under the terms of the agreement, Bombardier will operate from Downsview for a period of up to three years following closing, with two optional one-year extension periods.

"We are excited to be given the opportunity to invest in this community and we look forward to listening to and collaborating with all stakeholders in Toronto, Ontario and Canada," added Kristopher Wojtecki, Managing Director, Real Estate, PSP Investments. "This investment is important for PSP as it allows us to expand our real estate footprint in a global city which is in our backyard."


MISSISSAUGA, ON, May 3, 2018 /CNW/ - Valerie Malone has been named the new President & General Manager of LIXIL Canada Inc., home to the American Standard, DXV and GROHE kitchen and bath brands.

As President & GM, Malone will be responsible for driving LIXIL's overall business strategy by providing leadership and direction on all aspects of business operations, working closely with the global team. She will spearhead LIXIL Canada's strategy and growth within the trade, retail, and e-commerce channels.

Malone's career has been characterized by a unique set of experiences in different verticals and industries including consumer packaged goods, appliances, and technology within a host of high-profile organizations including PepsiCo Canada, Whirlpool Corporation, and LG Electronics.

"It has always been my end goal to work for a world-class organization with a highly dedicated, engaged, and passionate group of people. I have found this within the LIXIL organization," states Malone. "The kitchen and bath industry is ripe for innovation and I am eager to work with my talented team to strengthen customer relationships and effectively grow the business."

"Over the past year, I have worked closely with Valerie, and I'm impressed with her approach to our business, her understanding of the necessities of our competitive industry and her clear vision for the company's growth, recognizing the intricate needs of each brand - American Standard, DXV, and GROHE," said Chris Brown, Chief Sales Officer for LIXIL Americas. "I applaud her ability to foster LIXIL's global spirit in Canada and I am pleased to welcome her to this important role."

Malone joined LIXIL Canada Inc. in May 2017, demonstrating her leadership as the Vice President of Marketing where she created and implemented a strong, function-oriented marketing structure. In this role she oversaw brand, product, and channel marketing efforts. 

Malone holds a Bachelor of Business Administration with a double concentration in Finance and Economics from the University of New Brunswick.


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