TORONTO, December 6, 2017 – Strathallen Capital Corp. (“Strathallen”) announced today that on behalf of its Investor Clients, it is proceeding with servicing the first 95 acres of 900 acres of Employment and Commercial lands that were designated by the Province in 2009.
The 95 acres on the south-west corner of Highways 400 and 88 is subdivided into 15 blocks of land to be sold or developed by Strathallen. Two parcels of land have already been sold to significant owner-users.
Grant Pretorius, Vice President of Development at Strathallen, commented: “With Town infrastructure works progressing and on track to service these highway lands by mid 2018, the widening of Highway 400, and with incredible increases in land prices in the GTA over the past 18 months, we have benefitted from buyers seeking accessible, well-priced lands on a 400-series highway. We expect an increased pace of sales and development following construction in 2018 of a new 240,000sf premises on 15 acres by MiTek Canada. I have worked with many municipalities, and I rate Bradford in the top few, which are progressive in their approach to working with developers and are “investment ready”. That enabled us to rapidly bring these prominent highway lands to market.”
Strathallen is a fully integrated Canadian real estate management company with assets under management of approximately $1.7 billion and 8.9 million square feet. Founded in 2003 by seasoned real estate executives, Strathallen provides asset management, property management and strategic advisory services to institutional and high net worth investors. The Company currently manages and operates four private closed-end funds, with the mandate to strategically acquire and dispose of quality retail and select other investments, and deliver industry-leading risk-adjusted returns. Strathallen provides investors with confidence through co-investing and incentive fee arrangements. The Company is supported by; in-house asset management, property management, financial, leasing and development teams. Strathallen specializes in creating value in opportunistic property investments on behalf of institutional clients.
For further information, please contact: Grant Pretorius, Vice President Development, Tel: (416) 646-2680, E-mail: firstname.lastname@example.org