Shell Canada Portfolio
CDC affiliate Environmental Liability Transfer, Inc. (ELT) assumed environmental liabilities for 136 shuttered oil transfer and oil refining facilities from Shell Global and acquired the real estate within the portfolio. Site locations span ten Canadian provinces and territories. Environmental remediation activities are now underway, and have been prioritized to facilitate the reuse/resale of this portfolio.
CDC is currently performing land studies and market assessments to determine the highest and best use for these sites going forward, which could include a variety of vertical development purposes including light industrial, commercial, and mixed use.