OAKVILLE, ON, April 14, 2016 /CNW/ - Fengate Capital Management ("Fengate"), on behalf of its investors, announced today the closing of two separate real estate transactions in the first quarter of 2016. The properties acquired are comprised of 6 income-producing industrial and office buildings, representing 530,000 square feet on 35 acres, located at QEW and Highway 403 in Oakville, Ontario.
Together with the office building portfolio acquired in 2014, these acquisitions secure Fengate and its investors as the leading real estate asset manager and investor in the QEW and Highway 403 node by consolidating 47 acres of contiguous lands with over 1.1 km 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 John Bartkiw, Managing Director – Real Estate.
Fengate's further investment into Oakville reflects the firm's confidence in the market's favourable attributes for its businesses and residents. It also expanded Fengate's assets under management and these real estate assets feature a diverse portfolio of office, industrial, retail and development properties.
Mr. Bartkiw added, "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."
Fengate possesses extensive experience evaluating and executing investments in the real estate sector. With over $1.0 billion in real estate assets under management, Fengate provides investors with an opportunity to reach an alternative asset class with customized investment attributes.
Fengate Capital Management Ltd. is a real asset investment firm that specializes in investment funds with a strategic focus on infrastructure, real estate and private equity. The firm has over $2 billion in assets under management with significant experience in Public-Private Partnerships, independent power projects, operating infrastructure assets and real estate developments. Fengate targets high quality investments across North America, Europe and Australia. Since 2007, the firm has been recognized as one of "Canada's Best Managed Companies".
© 2016 Fengate Corporation. All rights reserved. ® / TM registered and unregistered trademarks are the property of Fengate Corporation.
SOURCE Fengate Capital Management
Image with caption: "Fengate's Q1 2016 acquisitions in Oakville include industrial buildings at 2879, 2905, 2951, 2965 Bristol Circle and 2351 Upper Middle Road East, and an office building at 2010 Winston Park Drive. (CNW Group/Fengate Capital Management)". Image available at: http://photos.newswire.ca/images/download/20160414_C4917_PHOTO_EN_665771.jpg
Image with caption: "Fengate Real Asset Investments (CNW Group/Fengate Capital Management) (CNW Group/Fengate Capital Management)". Image available at: http://photos.newswire.ca/images/download/20160414_C4917_PHOTO_EN_665792.jpg
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