Cogir Acquires Bayfield Realty Advisors and Continues Its Pan-Canadian Expansion

06 October 2025

Cogir Real Estate is pleased to announce the acquisition of Bayfield Realty Advisors, a company specializing in the management and development of commercial properties with additional involvement in multi-family assets, consisting of a portfolio of 18 properties across the country including more than 2.54 million square feet of retail assets. This transaction represents an important milestone for Cogir, as it marks the first expansion of its commercial division outside of Quebec. With this acquisition, Cogir broadens its presence in Ontario, Saskatchewan, Alberta, and British Columbia, while further strengthening its footprint in Quebec.

Among Bayfield’s assets historically managed by Cogir are Galeries des Sources, Carrefour Pelletier, Carrefour Trois-Rivières, and Résidence du Verger. In addition to managing these commercial assets, Cogir is also taking over Bayfield’s Toronto downtown service office, which will continue operations following the transaction. In total, approximately forty employees will be joining the larger Cogir family.

“I am very proud of this transaction, which allows the commercial division—the very foundation of Cogir—to take a major step forward by now expanding nationwide. This is a pivotal moment and a great source of pride for the entire team,” said Mathieu Duguay, President and Chief Executive Officer of Cogir Real Estate.

“Venturing into a market beyond Quebec is an exciting challenge. This new horizon brings renewed motivation and energy to our team, and we are enthusiastic to share Cogir’s expertise across several new Canadian markets while growing alongside new partners,” added Nicolas Poirier, Senior Vice President, Commercial Division at Cogir.

Bayfield Realty Advisors was established in 2005 by Harold Spring, and has grown significantly over the past 2 decades, providing both institutional investors and partners, as well as numerous family offices and private investors, with enviable returns on their investments.

“After a generation of growth and success, it is with mixed emotion that I announce my retirement and sale of Bayfield, however I am excited about the prospects under Cogir’s stewardship. Their evolution under the leadership of Mathieu Duguay has been remarkable and Bayfield is going to benefit significantly from this acquisition”. Bernard Ockrant, who will remain as partner and CIO, added, “Growing Bayfield’s Institutional platform was a key consideration for the sale of our company, and Cogir provides the ideal basis and capital to foster our future growth. We are excited to be part of the Cogir family”.

For clients, partners, and tenants, operations will continue as usual, with ongoing consistency in management and a forward-looking vision centered on growth and innovation—key strengths of Cogir.

This acquisition underscores Cogir’s commitment to strengthening its national expertise and to remaining a leading player in the Canadian real estate sector.

About Cogir Real Estate
Founded in 1995, Cogir Real Estate now has nearly 20,000 employees passionate about real estate. Driven by our constant desire to bring meaning to real estate, we strive to humanize, create, and excel in order to design living environments that are enjoyable, functional, and reflective of the people who inhabit them. Our team manages more than 520 properties located in Canada and the United States. We oversee nearly 7 million square feet of commercial properties and 74,000 housing units, including more than 270 private senior residences. The Cogir Foundation supports projects and causes focused on four main pillars: youth, seniors, cultural diversity, and the environment.

About Bayfield Realty Advisors
From its inception in 2005, Bayfield has been acquiring, developing, intensifying and enhancing real estate assets across the country. Founded by Harold Spring after a successful and diversified career encompassing both legal practices and real estate syndications, Bayfield has since evolved into a top-tier private equity real estate investment firm with disciplines in Asset, Property, Leasing, and Development management. Throughout its history, Bayfield has added value to residential, retail, industrial, office and retirement assets totaling in excess of $1.5Bln.

Cogir Acquires Bayfield Realty Advisors and Continues Its Pan-Canadian Expansion

Cogir Acquires Bayfield Realty Advisors and Continues Its Pan-Canadian Expansion

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