Soneil Investments Closes 2024 with $100M+ Mississauga Industrial Portfolio Acquisition [Globe and Mail, The (Toronto, Canada)]
Royal Bank Of Canada (RY)
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Source: Globe and Mail, The
for over $100 million . The properties, acquired in a single transaction from an institutional investor, are located at 6665-6725 Millcreek Drive in Mississauga, ON and contain 325,000 square feet of rentable area on 20 acres of land. "These assets represent our core focus - small bay industrial buildings in a prime GTA location, featuring clear heights of over 20 feet and configurations that cater to the shipping needs of a diverse range of tenants, from small businesses to large corporations," said Neil Jain , President and CEO of Soneil Investments. "They provide an ideal balance of strong in-place cash flow while offering opportunities for long-term value enhancement." This acquisition marks the second completed transaction for Soneil this year, both of which have been financed by Royal Bank of Canada . The company remains optimistic about Toronto's real estate market potential, with plans to leverage the momentum from this purchase to pursue an aggressive acquisition strategy
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- 12/26/24 - Form FWP
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- 12/26/24 - Form 424B2
- RY's page on the SEC website