This format typically features high ceilings, abundant natural light, exposed structural frames, interior brick and hardwood floors. When repurposed to high standards, Class I workspaces satisfy the needs of the most demanding office and retail users. They also operate as a vital part of the urban fabric, contributing meaningfully to a sense of community
Allied went public in 2003 for the express purpose of consolidating Class I workspace that was centrally located, distinctive and cost-effective. The consolidation that ensued was continuous, enabling Allied to evolve into a leading owner-operator of distinctive urban workspace in Canada’s major cities.
The most important element of Allied’s business environment is urban intensification. Canadians are living, working, learning and playing downtown in greater numbers than ever before. Not only does this anchor Allied’s investment and operating focus, it provides the context within which it captures and creates value for its unitholders.
Urban intensification along with operating experience has had a three-fold impact on Allied. First, it has increased Allied’s sensitivity to design. Second, it has expanded Allied’s investment and operating focus from purely Class I properties to urban mixed-use properties. Finally, it has motivated Allied to enter into collaborative relationships with best-in-class real estate organizations having complementary expertise, especially in the context of urban mixed-use developments.