Fengate Capital Management announced yesterday that it has completed a transaction in Oakville which will see it consolidate 47 acres of prime commercial real estate. The properties are located just north of the QEW and east of the 403.
The first properties were acquired in 2014 in a deal worth $220 million, and also included 2 properties in Burlington. The properties purchased in Oakville were:
- 2020 Winston Park Drive, Oakville Ontario
- 2060 Winston Park Drive, Oakville Ontario
- 2265 Upper Middle Road East, Oakville Ontario
- 2275 Upper Middle Road East, Oakville Ontario
The latest acquisition includes:
- 2879, 2905, 2951, 2965 Bristol Circle and
- 2351 Upper Middle Road East,
- 2010 Winston Park Drive.
This new purchase demonstrates the strength of Oakville's economy and vibrancy for business and residents, according to Fengate.
The Managing Director of Fengate's Real Estate division, John Bartkiw stated, “With our recent (Oakville) acquisitions, Fengate delivered upon its investment and strategic mandate, procuring high quality real estate that generates attractive returns with compelling long-term redevelopment opportunities.”
Fengate Capital Management has over $1.0 billion in real estate assets under management, Fengate provides it's high net worth and institutional investors with an opportunity to reach an alternative asset class with customized investment attributes. For the past 8 years Fengate been named one of Canada's top 50 managed companies by the National Post, CIBC, and Queens School of Business.