REAL ESTATE ASSET MANAGEMENT - STRATEGIC AND TACTICAL PLANNING

Fredericton, the capital of the Province of New Brunswick, is located on the east coast of Canada along the banks of the Wolastoq | Saint John River. Fredericton has a growing population, stable economy, strong institutions, and offers a high quality of life for its citizens. It is expected that Fredericton will continue to attract people from elsewhere in Canada and around the world. As of 2024, Fredericton has an estimated population of 77,000. The Fredericton Growth Strategy and the Imagine Fredericton Municipal Plan indicated that by 2041, Fredericton's population is projected to increase to over 90,000 residents.
The Local Government owns approximately 500 parcels of land (excluding Right of Way (ROW) properties) across various property types uses. These include parks, ecologically sensitive areas (Environmental / Open Space (EOS)/Resilience), infrastructure (such as rights-of-way and trails), as well as residential, industrial, commercial, recreational, and corporate properties (including municipal office buildings).
The Local Government frequently acquires property interests-including fee simple ownership, easements, leases, and licenses-to support municipal objectives. It also regularly disposes of surplus properties through divestiture (sale), land exchanges, or lease agreements.
Additionally, the Local Government collaborates with community organizations and interested and affected parties by leasing or licensing Local Government-owned land, buildings, and facilities to support services that benefit the community and align with council or corporate objectives.
A comprehensive list of Local Government-owned properties is attached.
To enhance the management of its real estate portfolio, the Local Government is seeking assistance in developing and implementing a two-phase strategic plan. This plan will guide future maintenance and investment decisions for staff and council, ensuring alignment with the Local Government's corporate goals.

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Trade agreements