The Ninety Condominium Project Closes Construction Financing
Urban Intensification Fund's Toronto condominium project closes its construction financing loan of $49.4 million. www.theninety.ca
Construction Starts At The Ninety
Construction on the Urban Intensification Fund's Toronto condominium project commences. The project is scheduled to take 20 months to complete. www.theninety.ca
Carttera Achieves Rezoning Approval For Oakville Re-Development Site
Carttera obtains approval of the Zoning By-law Amendment from the Town of Oakville for its North Service Road project, now named the Joshua Creek Corporate Centre. Demolition of the existing industrial building will commence before year end.
Carttera Acquires Development Land in Québec City, Québec
Carttera's Urban Intensification Fund acquires an additional 1.3 acre parcel adjacent to the Complexe Lebourgneuf Phase II mixed-use property to enhance the development of the site.
Carttera Acquires Oakville Re-Development Site
Urban Intensification Fund acquires a 339,000 sq. ft vacant industrial building on a 20.6 acre property on North Service Road, fronting on the QEW in Oakville, Ontario. Carttera is proposing to redevelop the site with up to 250,000 sq. ft of flex office/office space. The property was acquired under a Power of Sale action, with acquisition and construction financing provided by the Vendor.
Carttera Sells Student Housing Portfolio
Carttera Student Housing Fund sells three student housing properties for $8.45 million realizing on a 142 bedroom portfolio purchased by the Fund in 2007.
Carttera Sells Roper Ridge North Phase
Urban Intensification Fund sells the 107,690 sq.ft. North Phase of Roper Ridge Business Park for $23.6 million to The Standard Life Assurance Company of Canada.