Allied Properties originally specialized in former industrial and commercial properties (Class I) on the fringes of downtown cores, primarily in Toronto, Montreal, Vancouver, and Calgary. These so-called “bricks-and-beam” buildings often rent for up to 50% less than the central business district offices. It also runs data hotels for technology companies hosting communications hubs.
Allied also expanded into data hotels in Toronto, hosting communication hubs for technology companies. Approximately 40% of its assets are in Toronto and Kitchener, 30% in Montreal and Ottawa, and the remaining 13% in Vancouver and Calgary. Data centres comprise nearly 17% of its 199 properties. Allied held assets worth $11.9 billion as of Dec. 31, 2022.
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