Standard Life Assurance Co. says it has purchased three properties for its Pooled Real Estate Fund portfolio.

The properties, located in North Vancouver, B.C., Mississauga, Ont. and Laval, Que., have a total value of $13.5 million and add 184,500 square feet to the existing property holdings.

“We are looking to expand our existing 1.1 million square feet portfolio and are seeking quality properties in Canada,” said Caroline Goulian, manager of the fund. “Both the Ontario and Quebec properties complement the fund’s existing 21 multi- and single-tenant industrial holdings across the country while the B.C. property increases the fund’s retail component.”

PREF has acquired four properties this year bringing the total holdings to 30 properties, with a current value of more than $110 million.

Standard Life has been investing in the Canadian real estate market for more than 40 years and holds and manages a portfolio of more than 100 properties.