Hamilton-Oshawa Port Authority (HOPA) Ports and Max Aicher North America (MANA) announced the completion of a head lease which will allow more extensive investment and development on MANA’s Hamilton bayfront property in Canada.
HOPA and MANA have been working together since 2020 on various industrial uses for a 242,800m² parcel at Pier 18 on Hamilton Harbour. The site is located in the northeast corner of pier 18, within Hamilton’s Bayfront industrial area, and is served by marine, rail and road transportation. The property includes open space for outdoor storage, and more than 32,000m² of warehouse buildings.
Under the new agreement, MANA continues to retain ownership of the property, while HOPA’s new head lease will enable the Port Authority, via its subsidiary, to expand the necessary long-term investments to attract more high-value industrial activity. Specific investments are going to be driven by user requirements, and HOPA sees the site’s multimodal assets as being key to its value.
“Modern industrial users are looking for space with access to multiple modes of transportation, within the Greater Toronto-Hamilton market,” commented Ian Hamilton, president & CEO of HOPA Ports.
Moreover, over the past decade, HOPA Ports has attracted more than US$350 million in investment in the ports of Hamilton and Oshawa.
Uses of the site include also flexible storage of steel and manufacturing components, warehousing and rail transloading of materials for the construction and manufacturing sectors, value-add processing, and other logistics uses essential to a responsive industrial supply chain.
“Further investment in this site can help provide the space that is needed to support modern manufacturing in Ontario,” commented MANA CEO, Walter Sommerer.
He added, “Through our partnership with HOPA, MANA is reinforcing its commitment to Hamilton and the local economy.”
The purpose of this alliance between MANA and HOPA is to complement MANA’s existing Hamilton operations, where the company produces specialised, high-strength reinforcement steel used in high-rise, commercial and industrial projects across North America.
