The Desjardins Group Pension Plan (DGPP), in partnership with
Desjardins Global Asset Management (DGAM), announces a strategic investment in National Capital Business Park, a major industrial development located in Ottawa. Together, the two partners have acquired an interest in two industrial buildings within the park, alongside the developer and partner
Avenue 31. The transaction, valued at $77 million (100% basis), grants Desjardins entities a combined 80% ownership interest in the assets, while Avenue 31 will continue to hold the remaining 20%. In addition, these same Desjardins entities will hold a purchase option on the other buildings constructed in the park once they are stabilized over the coming years.
Ottawa’s industrial market continues to demonstrate strong resilience, making it an attractive sector from a long-term value creation perspective for plan members and beneficiaries.
“At DGPP, we aim to invest in highquality properties in markets with strong fundamentals, alongside trusted partners. Our investment in National Capital Business Park, in collaboration with Avenue 31 and DGAM, fully reflects this disciplined, long-term approach. The resilience of Ottawa’s industrial market and the quality of these assets stood out at the conclusion of a highly selective process.” —
Dominic Poulin, Head of Real Assets, DGPP
This investment reinforces DGPP’s long-term strategy to build a robust and diversified real estate portfolio, positioned to support the plan’s growth over time.
About the Desjardins Group Pension Plan (DGPP)
DGPP is the pension plan for employees of
Desjardins Group. It is a defined benefit plan serving nearly 90,000 beneficiaries. As at the end of 2025, DGPP’s assets totaled $18.6 billion CAD, making it one of the largest private pension plans in Canada.