OTTAWA, ON, Sept. 23, 2022 /CNW/ – Minto Apartment Real Estate Investment Trust (TSX: MI.UN) (the “REIT”) announced today that its Chief Financial Officer, Julie Morin, will be transitioning back to the Minto Group as Chief Financial Officer. Following an extensive search process led by a leading global executive search firm, Edward (“Eddie”) Fu, currently… [Read More]
The Daniels Corporation Officially Breaks Ground on Daniels on Parliament Condominium Residence
New condominium residence, Daniels on Parliament, to drive design innovation, placemaking, social equity and inclusion in Regent Park
TORONTO–(BUSINESS WIRE)–The Daniels Corporation (“Daniels”), one of Canada’s pre-eminent builders and developers, officially began construction on its latest condominium residence in Regent Park, Daniels on Parliament. Located where Regent Park meets Cabbagetown, Daniels on Parliament is the final condominium within the third phase of the Regent Park revitalization. The condominium will feature two towers, at 25 and 10-storeys, rising from a shared podium.
During the groundbreaking event, Daniels provided details on its Partnership for Affordable Homeownership, a down payment assistance program created for current and past residents of Toronto Community Housing Corporation (TCHC) in Regent Park. Daniels also highlighted its placemaking initiatives designed to feature local artists and help drive social equity and inclusion while enhancing the public realm experience. In addition, Daniels announced that it is the first developer in Ontario to offer Ori Living’s robotic furniture units, which will be available in select studio suites at Daniels on Parliament.
“We are excited to bring our latest affordable homeownership program to Daniels on Parliament. We believe it is the duty of responsible builders and developers like us to create opportunities for positive social impact and change,” said Jake Cohen, Chief Operating Officer, The Daniels Corporation. “We recognize the potential our industry has to make a real impact and with our $5 million investment into this new program, we are continuing to make affordable homeownership a reality in Regent Park.”
Opportunities for Affordable Homeownership
The Partnership for Affordable Homeownership (PAH) is Daniels’ latest affordable homeownership program specifically tailored to current and past residents of TCHC who have lived in Regent Park for at least two years since the beginning of the revitalization in 2006. With an investment of up to $5 million, the program is completely funded by Daniels and provides down payment assistance for up to 50 per cent of the purchase price of a new home at Daniels on Parliament, in the form of second mortgage loan for up to 20 years that is interest and monthly payment free.
Understanding there are many intricacies to the homebuying process, Daniels has supported purchasers in preparing for first-time homeownership by offering the Daniels Homeownership 101 Workshop. This informative session is a required step in qualifying for the PAH program and covers all the key details surrounding homeownership. Additionally, all purchasers are also required to commit a minimum of 100 volunteer hours within the Regent Park community, to be fulfilled prior to occupancy, to support the building of a strong community. To date, 10 individuals and families have become homeowners at Daniels on Parliament through the PAH program.
“Over the past 15 years in Regent Park, Daniels has successfully created and implemented various affordable homeownership programs that help first-time buyers realize the dream of homeownership and Daniels on Parliament is an exciting new chapter,” said Heela Omarkhail, Vice President of Social Impact, The Daniels Corporation. “We continue to find ways to truly to be a ‘people-first’ developer and expand affordable homeownership programs that will play an instrumental role in fostering social cohesion and inclusion in this community.”
Daniels is also extending its partnerships with Habitat for Humanity GTA and BlackNorth Initiative (BNI) to Daniels on Parliament by providing two homes to Habitat Partner Families – one of which will be part of the BNI Homeownership Bridge Program. This partnership will help a Black family become homeowners, aiming to build security, stability, equity and opportunity in the Greater Toronto Area.
Partnering With Local Artists to Create Placemaking Opportunities
Daniels is proud to integrate placemaking opportunities at Daniels on Parliament that foster social cohesion and inclusion, as well as generate economic opportunities for local artists. Portfolio-wide, Daniels engages Artscape Atelier, a social enterprise to create opportunities for artists to meaningfully shape community and the built environment through site-specific public art, public realm and creative placemaking interventions.
Various local artists including Peter Kattan and Casey Watson will transform the street corner of Parliament and Gerrard into an artistic landmark that reflects the unique local character, narratives and heritage of the community. Rising where Regent Park meets Cabbagetown, Daniels on Parliament will be celebrated as a gateway to the community and will feature placemaking and artist-designed streetscape elements including murals, benches, light posts and bike rings creating a dynamic and impactful public realm.
“Artscape Atelier is thrilled to be the arts and culture partner, creating a multi-year public art program for the Daniels on Parliament community. This program will not only be a way to beautify the streetscape and create a sense of place, but it will be an important way to tell the Regent Park story,” said Grace Lee Reynolds, Chief Executive Officer at Artscape. “Through the opportunities created, we will be furthering our efforts to work with equity-deserving communities to overcome barriers. We look forward to the future of the Regent Park community, while working to honour the land we are privileged to continue to work on and be part of.”
Urban Innovation with Ori Living
Urban innovation will be at the core of Daniels on Parliament, with Daniels announcing that it is the first-ever Ontario developer to partner with Ori Living (Ori). Ori specializes in designing and supplying multi-use furniture that creates transformable spaces perfect for optimizing living space. At Daniels on Parliament, 40 studio units will integrate the Ori Pocket Closet as a standard feature, incorporating modular and robotic home furnishings that can be moved around and concealed when required. There will also be a number of studio suites with the option to upgrade to the Ori Pocket Closet. This partnership aims to help homeowners realize the full potential of their studio suites by maximizing living space through unique space optimization solutions and multifunctional furniture.
The partnerships and affordable housing initiatives incorporated at Daniels on Parliament build upon Daniels’ long-standing commitment to not only delivering homes but positive impact as well. Daniels on Parliament will celebrate the vibrancy and inclusivity of the Regent Park community while showcasing the importance of collective community impact.
For more information, visit https://spaces.hightail.com/receive/0w2uvrQhpQ.
About The Daniels Corporation
The Daniels Corporation (www.danielshomes.ca) is one of Canada’s pre-eminent builders/developers, building more than 35,000 new homes across the Greater Toronto Area for over 38 years. Daniels is the developer of TIFF Bell Lightbox and the City of the Arts community on Toronto’s East Waterfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to redevelop Phases 1, 2 and 3 of the Regent Park revitalization, a 69-acre community in the heart of Toronto. At the core of the project is both a physical and social re-connection of this once stigmatized neighbourhood to the broader City of Toronto. Daniels continues to play an important role in the Regent Park Community. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural and economic well-being.
Contacts
For more information or to request an interview:
Ema Asler
Kaiser & Partners
(647)-725-2520
ema.asler@kaiserpartners.com
Xpan Interactive Shifts its Headquarters Amongst Calgary’s Thriving Tech Sector
CALGARY, Alberta–(BUSINESS WIRE)–#Calgary–Xpan Interactive Ltd. (Xpan) has moved into a new Calgary headquarters to accommodate its tremendous growth amongst a thriving Alberta tech sector. The new office is located in Hillhurst, just north of the downtown core.
“We’re incredibly grateful for a strong support system for Alberta’s tech sector,” said Ron Thiele, President and Founder of Xpan. “As a long time advocate for the Alberta digital media industry, it’s an honour to continue our investment into our local community.”
Alberta’s tech sector has seen significant growth of nearly $500 million funded to date in 2022 with Calgary leading the province with 96% of headquarters investments. Xpan’s shift from its Triwood area office to their new Campana Place headquarters in Hillhurst was made possible with the efforts of Avision Young’s Commercial Real Estate Calgary team.
“Calgary has been our home for over 20 years, allowing us to work with Alberta post secondary institutions, government and industry partners to foster innovation and growth in Alberta jobs,” explained Thiele.
Xpan operates as a hybrid organization with team members working virtually across North America with multiple office locations. Calgary maintains the majority of the Xpan workforce, with the total team count expecting to reach 100 by the end of 2022.
The Calgary office is also home to Xpan’s internship program for the growth of talent from local schools. In addition, team members from across the country were invited to Calgary HQ in July for a series of professional development events, collaborative activities and celebrations.
Each Xpan team member is committed to supporting its clients in the development of advanced digital knowledge solutions, such as award-winning learning experiences produced in collaborations with industry and community partners.
“Calgary has supported our culture of belonging for over 20 years and we look forward to making it our home for many years to come,” said Thiele.
About Xpan Interactive Ltd.: Since 2001, Xpan has worked tirelessly to build creative and innovative digital knowledge solutions to help its clients meet their most pressing business needs and performance objectives. It continues to expand on its global mission to evolve behaviour and facilitate change with engaging and effective digital knowledge solutions. The Xpan team makes heroes of learning and development professionals, and improves workspace experience (and lives) across the globe, with better learning.
New Office Address
Suite 201, 609 14th Street NW
Calgary, Alberta, T2N 2A1
Contacts
Media Contacts:
Xpan Interactive Ltd.
Ron Thiele, President
Desk: 403.208.3848 ext 101
Email: ron@xpan.ca
Firm Capital Apartment REIT Announces Senior Management Changes
All amounts are in US Dollars unless otherwise stated.TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment REIT (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) today announces the resignation of Mark Goldreich as Chief Financial Officer of the Trust, effective September 30, 2022. Mark has decided to pursue other opportunities. The board and senior management… [Read More]
Timbercreek Financial Declares September 2022 Dividend
TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on October 14, 2022 to holders of Common Shares of record on September 30, 2022. The Company… [Read More]
First Capital REIT Announces Enhanced Capital Allocation and Portfolio Optimization Plan
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ Key Highlights FCR’s industry leading portfolio has substantial embedded value due to proactive management and value enhancing activities which have driven net asset value meaningfully higher Success of these value-enhancing strategies has created an abundance of low-yielding assets that are now… [Read More]
ERES REIT Outlines Minimal Impact To Business As A Result Of Recent Dutch Government Announcements
TORONTO, Sept. 22, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX:ERE.UN, “ERES” or the “REIT”) announced today that on September 20, 2022, the Dutch government published its 2023 budget, as well as a number of announced changes to tax legislation. Key proposed changes which are relevant for the REIT include the following,… [Read More]
PROREIT ANNOUNCES SEPTEMBER 2022 DISTRIBUTION AND RENEWAL OF NORMAL COURSE ISSUER BID
/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./ MONTRÃAL, Sept. 22, 2022 /CNW Telbec/ – PRO Real Estate Investment Trust (“PROREIT” or the “REIT“) (TSX: PRV.UN) announced today that a cash distribution of $0.0375 per trust unit of the REIT (“Units“) for the month of September 2022… [Read More]
Nexus Industrial REIT Announces September Distribution
TORONTO, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nexus Industrial REIT (the “REIT”) (TSX: NXR.UN) announced today the declaration of the September 2022 distribution. The REIT will make a cash distribution in the amount of $0.05333 per unit, representing $0.64 per unit on an annualized basis, payable October 14, 2022 to unitholders of record as of… [Read More]
Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Greater Toronto Area
LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 890-unit self storage facility in Burlington, Ontario, Canada. This is the 15th acquisition for SST VI and the third acquisition in the Toronto Market. Since SST VI launched in the first quarter of 2021, the REIT has purchased approximately $233.1 million of self storage facilities and land parcels to be developed into self storage.
This 6.5-acre property is located in close proximity to downtown Burlington on Plains Road East. The facility is comprised of approximately 92,400 square feet of rental space across a mix of climate-controlled, drive-up and interior units. This location is adjacent to a proposed 3.85-acre, multi-tower high-rise residential and commercial development. It is easily accessible, and viewable, from the QEW and is well-positioned to serve the Maple, Freeman, Aldershot and LaSalle neighborhoods.
“We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population,” said H. Michael Schwartz, CEO and President of SST VI. “Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value.”
About Strategic Storage Trust VI, Inc. (SST VI):
SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of September 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,000 units and 840,000 rentable square feet; one property with approximately 890 units and 92,400 rentable square feet in Toronto, Ontario; and joint venture interests in two development properties in Toronto, Ontario.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, is the sponsor of SST VI and also sponsors other self storage programs. As of September 20, 2022, SmartStop has an owned or managed portfolio of 175 operating properties in 22 states and Ontario, Canada, comprising approximately 120,000 units and 13.6 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
Strategic Storage Trust VI, Inc. Acquires Storage Facility in the Greater Toronto Area
LADERA RANCH, Calif.–(BUSINESS WIRE)–Strategic Storage Trust VI, Inc. (“SST VI”), a publicly registered real estate investment trust sponsored by an affiliate of SmartStop Self Storage REIT, Inc. (“SmartStop”), announced today the acquisition of an approximately 890-unit self storage facility in Burlington, Ontario, Canada. This is the 15th acquisition for SST VI and the third acquisition in the Toronto Market. Since SST VI launched in the first quarter of 2021, the REIT has purchased approximately $233.1 million of self storage facilities and land parcels to be developed into self storage.
This 6.5-acre property is located in close proximity to downtown Burlington on Plains Road East. The facility is comprised of approximately 92,400 square feet of rental space across a mix of climate-controlled, drive-up and interior units. This location is adjacent to a proposed 3.85-acre, multi-tower high-rise residential and commercial development. It is easily accessible, and viewable, from the QEW and is well-positioned to serve the Maple, Freeman, Aldershot and LaSalle neighbourhoods.
“We’re excited about this strategic acquisition that will expand our presence in the Greater Toronto Area and provide top-of-the-line storage solutions to Burlington’s growing residential population,” said H. Michael Schwartz, CEO and President of SST VI. “Our strong competitive positioning and unique operational capabilities in this highly attractive market will continue to drive stockholder value.”
About Strategic Storage Trust VI, Inc. (SST VI):
SST VI is a Maryland corporation that intends to qualify as a REIT for federal income tax purposes. SST VI’s primary investment strategy is to invest in income-producing and growth self storage facilities and related self storage real estate investments in the United States and Canada. As of September 20, 2022, SST VI has a portfolio of 13 operating properties in the United States comprising approximately 8,000 units and 840,000 rentable square feet; one property with approximately 890 units and 92,400 rentable square feet in Toronto, Ontario; and joint venture interests in two development properties in Toronto, Ontario.
About SmartStop Self Storage REIT, Inc. (SmartStop):
SmartStop Self Storage REIT, Inc. (“SmartStop”) is a self-managed REIT with a fully integrated operations team of approximately 450 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, is the sponsor of SST VI and also sponsors other self storage programs. As of September 20, 2022, SmartStop has an owned or managed portfolio of 175 operating properties in 22 states and Ontario, Canada, comprising approximately 120,000 units and 13.6 million rentable square feet. SmartStop and its affiliates own or manage 20 operating self storage properties in the Greater Toronto Area, which total approximately 17,050 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
IR@smartstop.com
Harden and Walmart Canada investing to build 457,000 square foot fulfillment centre at Le Campus Henry Ford in Vaudreuil-Dorion, Quebec
VAUDREUIL-DORION, Quebec–(BUSINESS WIRE)–Harden and Walmart Canada announced today their plans to build Walmart’s Quebec fulfillment centre, located in Vaudreuil-Dorion. The ±457,000 square foot building is part of Harden’s new industrial park, Le Campus Henry Ford, with Walmart Canada as its first tenant. The new facility, currently slated to open in 2024, will offer better product availability and quicker service for Walmart’s customers.
“We’re extremely excited to be working with Walmart on this project” said Tyler and Chris Harden, Co-Chief Executive Officers of Harden. “This fulfillment centre is a testament to the commitment and belief Walmart Canada has to the market of Vaudreuil-Dorion and to the province of Quebec. We are thrilled to see this market flourish as a logistic hub and continue to be rooted by our values of continued growth in the communities we work in.”
“This important investment is the latest example of Walmart’s commitment to Quebec,” said Cyrille Ballereau, Walmart Canada Regional Vice President for Quebec. “We are investing for growth in Quebec and creating jobs for Quebecers to better serve our customers. Quebecers will see refreshed stores, quicker service and more options available in-store and online. When Quebecers choose Walmart, they are choosing to support a retailer that supports Quebecers.”
Quebec fulfillment centre
- The Quebec fulfillment centre, to be located in Vaudreuil-Dorion, will be approximately 457,000 square feet in size, serving as a delivery hub for millions of customer orders in Quebec and Atlantic Canada.
- The facility will be powered by cutting-edge logistics technology to achieve productivity with less physical effort by using innovative technology.
- This platform will speed up order fulfillment through an advanced operating system that will help associates store, pick and sort items by using smart and flexible storage abilities to manage a large and wide variety of inventory.
- Capable of shipping 20 million items annually from the facility to local customers.
- Capable of storing 500,000 items to fulfil direct to home and in-store pickup orders.
- Designed to optimize packaging, minimize waste and reduce transportation costs.
- Creating approximately 225 new jobs in Quebec, plus construction and engineering jobs.
- Individuals can apply for jobs at the fulfillment centre at https://careers.walmart.ca/.
“We know these are challenging times for our customers. That’s why we are proud to be making significant investments in Canada to deliver the very best shopping experience,” said JP Suarez, Executive Vice President, Chief Administration Office and Regional CEO for Walmart International, who is also leading Walmart Canada on an interim basis. “We are building a better Walmart Canada to help more Canadians save money and live better. As the cost of living rises, Canadians can trust Walmart to be that convenient, one-stop shop for everyday low prices.”
Walmart Canada is the first tenant at Le Campus Henry Ford, located in Harden’s new industrial park in Vaudreuil-Dorion, which is easily accessible by Highways 20, 30 and 40 and strategically located to cater to the Quebec and Atlantic markets, in addition to the northeastern United States.
Le Campus Henry Ford features five additional buildings to be constructed and available rental spaces totalling approximately 500,000 square feet for prestige and logistic uses, with a specific focus on fulfillment and distribution centres.
For more details regarding Le Campus Henry Ford, ongoing Harden projects or the brand, please visit https://www.harden.ca/.
Harden
Established in 1985, Harden is a second-generation family-owned real-estate company whose primary objective is to own and operate commercial, residential, and industrial properties in numerous communities throughout the provinces of Québec and Ontario. Its vertical integration allows it to specialize in all facets of the real-estate development process, including development, construction, leasing, and property management.
For more information on Harden, visit www.harden.ca.
About Walmart Canada
Walmart Canada operates a chain of more than 400 stores nationwide serving 1.5 million customers each day. Walmart Canada’s flagship online store, Walmart.ca, is visited by more than 1.5 million customers daily. With more than 100,000 associates, Walmart Canada is one of Canada’s largest employers and is ranked one of the country’s top 10 most influential brands. Walmart Canada was recently recognized as a LinkedIn Top Company of 2022 and was also named one of Canada’s most popular brands (based on Google searches). Walmart Canada has made a commitment to regeneration – focusing on equitable opportunity, sustainability, community, ethics and integrity. Since 1994, Walmart Canada has raised over $500 million to support communities across Canada. Additional information can be found at walmartcanada.ca and on Walmart Canada’s social media pages – Facebook, Twitter, Instagram and LinkedIn.
Contacts
Media Contacts :
Tia Giannone
Torchia Communications
514-999-1732
tia@torchiacom.com
Penelope Carreau
Torchia Communications
514-984-6123
Penelope@torchiacom.com
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