TORONTO – Private equity real estate firm KingSett Capital and University Pension Plan Ontario have signed a deal to form a partnership to invest in industrial real estate in Canada.
They say the partnership will focus on multi-tenant, light industrial buildings in supply-constrained markets.
University Pension Plan Ontario is a pension plan open to Ontario university sector employers and employees.
Peter Martin Larsen, senior managing director, head of private markets at UPP, says the fund is selectively deepening its position in a sector supported by strong fundamentals.
The partnership will build on UPP’s exposure to industrial real estate, further diversifying its portfolio while increasing its allocation to income-generating assets.
KingSett chief executive Rob Kumer says the Canadian industrial sector is at an inflection point with investors, developers and tenants adjusting to an evolving trade relationship with the U.S.
This report by The Canadian Press was first published May 7, 2026.
