Fengate Capital Management (Fengate) has acquired two properties located at QEW and Highway 403 in
Overall, the six industrial and office buildings represent 530,000 square feet on 35 acres, adding to Fengate’s office portfolio purchased in 2014. The new deal consolidates 47 acres of contiguous lands with more than 1.1 kilometres of unobstructed highway exposure.
“This transaction created an irreplaceable asset, and enhanced the quality and return profile of our portfolio for the benefit of our investors,” stated , managing director of real estate, “”With our recent acquisitions, Fengate delivered upon its investment and strategic mandate, procuring high quality real estate that generates attractive returns with compelling long-term redevelopment opportunities.”
The additional investment in this node expands Fengate’s assets under management, featuring office, industrial, retail and development properties.