Urbanfund Corp., Takol Real Estate Inc. and a private real estate investor acquired Two Buildings Industrial Complex in Etobicoke, Ontario for CAD 24 million.
January 24, 2022
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Urbanfund Corp. (TSXV:UFC), Takol Real Estate Inc. and a private real estate investor acquired Two Buildings Industrial Complex in Etobicoke, Ontario for CAD 24 million on January 24, 2022. The purchase price is subject to customary adjustments. Urbanfund will hold a 40% interest and its joint venture partners, Takol Real Estate Inc. and a private real estate investor, will hold the remainder. Urbanfund invested CAD 3.12 million and the other partners invested CAD 4.68 million in the aggregate (inclusive of purchase price deposits) with the remainder of the purchase price and funds to renovate the property provided by a financial institution at a current rate of 3.70% per annum.
Urbanfund Corp. (TSXV:UFC), Takol Real Estate Inc. and a private real estate investor completed the acquisition of Two Buildings Industrial Complex in Etobicoke, Ontario on January 24, 2022.
Urbanfund Corp. is a Canada-based real estate development and operating company. The Company is focused on identifying, evaluating and investing in real estate or real estate related projects. The Company owns, develops and operates a real estate portfolio, which is focused on a mix of both residential and commercial properties. Its assets are located in Toronto, Belleville, Kitchener, London, and Brampton Ontario and in Montreal and Quebec City, Quebec and Dartmouth, Nova Scotia. Its portfolio includes One Bloor, 200 Van Horne Avenue, North Front Centre, Westborough Plaza and Edvac. Its 200 Van Horne Avenue is a rental building, which is located in Toronto, Ontario, and offers two-, three- and four-bedroom townhouse units. Its One Bloor is a multi-use complex that is located in Toronto, Ontario. Its North Front Centre is a commercial and retail building that is located in Belleville, Ontario. Its Westborough Plaza is a commercial and retail building that is located in London, Ontario.
Urbanfund Corp., Takol Real Estate Inc. and a private real estate investor acquired Two Buildings Industrial Complex in Etobicoke, Ontario for CAD 24 million.
URBANFUND CORP. 
