HTEC's Clean Hydrogen Facility Acquisition in North Vancouver
Key Ideas
  • Avison Young and CBRE facilitated the largest industrial investment transaction in North Vancouver for HTEC's Clean Liquid Hydrogen Facility.
  • ERCO Worldwide's sale of 21.37 acres to HTEC for the hydrogen facility includes leasing back a portion for its manufacturing operations.
  • The transaction involved comprehensive real estate capital markets advisory, aiming to promote clean energy and attract ESG-focused investors.
  • The acquisition process included regulatory approvals, zoning considerations, and capital structuring to make the project a reality.
Avison Young and CBRE recently closed the largest industrial investment transaction in North Vancouver, facilitating HTEC's acquisition of 21.37 acres at 100 Forester St. The site will host HTEC's Clean Liquid Hydrogen Facility under the H2 Gateway program. ERCO Worldwide, the seller, will lease back a section of the property for its manufacturing activities involving byproduct hydrogen generation through electrolysis. This landmark sale, undisclosed in value, signifies a significant step towards delivering clean hydrogen transportation fuel to British Columbia and the broader Pacific Northwest region. The transaction's complex nature involved regulatory approvals, zoning considerations, and capital structuring efforts to navigate the evolving economic landscape. Avison Young and CBRE's advisory aimed to attract federal and institutional investors interested in ESG-focused real estate opportunities. HTEC's President and CEO expressed gratitude for the support received, emphasizing the transaction's importance in their mission. The acquisition demonstrates a commitment to promoting clean energy and sustainability, positioning HTEC as a key player in advancing hydrogen technology in the region.
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