NEWS
Browse our recent announcements, media releases, and construction progress photos/videos below.
Sep 27, 2021
QuadReal Property Group and Hungerford Properties Breaks Ground on Xchange Business Park
Xchange Business Park is a two-phase industrial land development that will be a catalyst for economic development in Abbotsford, with the potential to secure Abbotsford as a major logistics hub. The project will develop Class A industrial product for the Fraser Valley, Lower Mainland market with a total of 11 buildings across 78.5 acres.
We are excited to bring this important industrial land development to Abbotsford,” says Michael Hungerford, a partner at Hungerford Properties. “It will help solidify Abbotsford as a logistics hub and be a catalyst for local economic development, bringing 1,000 direct jobs, including 60 new apprenticeship trades, and 1,900 indirect jobs.”
Thank you to Mayor Braun, members from the Council, City of Abbotsford staff, and our project consultants who supported and joined us at this milestone event.
Xchange is on the shared traditional and ancestral territory of the Sto:lo people. We specifically want to recognize the Matsqui and Sumas First Nations. The Sto:lo people are “the people of the river”. We value our relationship with these nations and will work to ensure our activities respect their long-standing care and stewardship of these lands.
Phase 1 of the project has commenced, and we currently anticipate a three-year construction period.
Archives
2024
Honouring the Land: Highlights from the Mathxwi House Post Celebration
First Building in Xchange Business Park Fully Leased and Ready for Occupancy
Xchange June Broker Event in Downtown Vancouver
Building 1 and 2 Now Ready for Occupancy
2023
Xchange September Broker Event
Partner Appreciation Lunch at Xchange Business Park
First Building in Xchange Business Park fully leased and ready for occupancy in Q4 2024
2022
The Abbotsford News: Construction set to begin on large industrial park in west Abbotsford
2021
QuadReal Property Group and Hungerford Properties Breaks Ground on Xchange Business Park
Fraser Valley News - Xchange Business Park on Mt Lehman Road in Abbotsford – Site Preparation
Developers get creative as industrial land disappears
Large industrial project on Mt. Lehman Road in Abbotsford nears final approval