CIB Closes $50M Loan with Dream Industrial REIT to Fund Large-Scale Commercial Building Upgrades
June 30, 2025
The Canada Infrastructure Bank (CIB) and Dream Industrial Real Estate Investment Trust have finalized a $50 million loan to fund commercial property retrofits related to energy efficiency savings and emissions reductions at 34 warehouses in Alberta, Ontario and Quebec.
With buildings currently accounting for 18% of Canada’s total emissions, investments from the CIB help to prioritize and accelerate building upgrades to help meet Canada’s energy use goals.
The CIB’s investment will support upgrades to mid- and large-bay warehouses used for urban logistics, light industrial and distribution. Building upgrades include: mechanical and electrical systems, renewable energy generation, heating, ventilation and air conditioning systems, fuel switching, energy management technology, building envelope and electric vehicle charging.
The projects are expected to create approximately 630 jobs and generate 14,500 MWh of clean electricity from installed renewable power generation such as solar panels.
Dream Industrial REIT is part of the Dream Group of Companies, which was the first real estate group in Canada to receive a loan in 2022 as part of the CIB’s Building Retrofits Initiative.
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