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Manulife Investment Management and Cedar Podium Investment Management to Partner on Zero-Carbon Student Housing Project in Kingston, Ontario
Manulife Investment Management and Cedar Podium Investment Management to Partner on Zero-Carbon S...
About this update from Manulife Financial Corporation
[{"type":"text","content":"\n\n\n\n Manulife Investment Management and Cedar Podium Investment Management to Partner on Zero-Carbon Student Housing Project in Kingston, Ontario\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n May 21, 2025\n \n\n /CNW/ - Manulife Investment Management (\"Manulife IM\") and Cedar Podium Investment Management announced today a strategic partnership to develop a purpose-built student housing (PBSH) residence in\n \n Kingston, Ontario\n \n , strategically located downtown with direct access to Queen's University. Located at 283 Queen Street, the 15-storey development will provide 389 fully furnished bedrooms (178 units) and a suite of modern amenities, including a fitness centre, study areas, a social lounge, and centralized laundry facilities.\n \n\n\n\n\n\n\n\n\n The project is designed to meet Canada Green Building Council's (CaGBC) Zero Carbon Design certification and is targeting a 2-star Fitwel\n \n ®\n \n rating—demonstrating a strong commitment to sustainability, health, and wellness.\n \n\n This marks the inaugural collaboration between Cedar Podium and Manulife IM, laying the groundwork for a large-scale partnership focused on delivering high-quality, professionally managed student housing across\n \n Canada\n \n . The alliance combines deep sector expertise to help address the growing shortage of student accommodation nationwide.\n \n\n \"\n \n Kingston\n \n is a top-tier destination for students, and this development represents a major step forward in supporting its growth,\" said\n \n Bernard Luttmer\n \n , CEO of Cedar Podium Investment Management. \"Our partnership with Manulife IM reflects a shared commitment to sustainable, long-term solutions in the student housing sector.\"\n \n\n \"As demand continues to grow, we see purpose-built student housing as a compelling opportunity to invest in resilient, community-enhancing assets, in an alternative asset class with significant tailwinds. We look forward to working alongside Cedar Podium on this forward-th...