News

Keeping you updated on recent HBNG announcements.

2017 ANNUAL GENERAL MEETING

RGF Real Estate Fund Limited Partnership held its second Annual General Meeting on Tuesday June 13th, 2017.

The meeting was held at The National Club in downtown Toronto and Chaired by HBNG Holborn Group Chief Executive Officer, John A. D’Angelo.

The highlights of a very active 2016 were reviewed and Mr. D’Angelo shared his vision of the fund’s future as well as the economy as a whole.

Purchase of Country Club Golf Course, Woodbridge

UPDATE: The purchase of The Country Club Golf Course ranked as one of the ten largest in the GTA for 2017.

The purchase of The Country Club Golf Course in Woodbridge led by the RGF Real Estate Fund L.P. was officially completed on May 3, 2017. The 290-acre property is a coveted parcel of prime land along the Humber River within the exclusive community of Woodbridge in Vaughan. The potential area for development is approximately one third of the acreage.

Clubhouse Developments Inc. plans to create a residential enclave with a blend of family homes and a significant amount of green space accessible to the community.

RGF President John A. D’Angelo says, “Low-rise housing inventory is down 65% year over year in the GTA. With this shortage and an 8% population increase in Woodbridge alone in the last five years, this rare land opportunity can help fulfill the growing need for desirable housing in Ontario.”

Future residents can look forward to life in the thriving community of Woodbridge, with excellent schools, business and employment opportunities; exceptional shopping, restaurants and entertainment; and easy access to the great outdoors in parks and conservation areas.

Development is not slated to commence immediately. Current status of development can be found at countryclubvillageplan.com

The Gore Rd. and Mayfield Rd, Caledon

RGF Real Estate Fund L.P. announces the acquisition of development lands located on the northwest corner of The Gore Rd. and Mayfield Rd, Caledon.

Consisting of 105 acres, this anticipated development will be providing much needed housing to an area projected to grow to over 100,000 by 2030.

This project is a joint venture between RGF Real Estate Fund, Greenpark Homes and Muzzo Brothers Group.

Purchase: McCowan Rd & Elgin Mills

RGF Real Estate Fund L.P. announces the acquisition of future development lands fronting McCowan Road just south of Elgin Mills Dr., east of Markham.

Of the 215 total acres, approximately 165 acres are anticipated for low-rise development.

This project has been purchased in partnership with Greenpark Group, one of Canada’s most trusted developers.

5607-5609 Yonge St (Toronto)

RGF Real Estate Fund L.P. announces its purchase of 5607-5609 Yonge Street on the North East corner of Yonge St. and Finch Ave. E. in Toronto. This 0.5 acre site is designated as a mixed-use and is located within the North York Centre Secondary Plan.

This site is currently occupied by a bank and is a prime location for a residential high-rise condominium incorporating retail and commercial mixed use space .

This project has been purchased in partnership with Muzzo Group, one of Canada’s most diversified developers and builders.

8 Elm Street (Toronto)

RGF Real Estate Fund L.P. announces the acquisition of a three-storey “heritage” office building at 8 Elm Street in Toronto. It is designated as a mixed-use area in the City of Toronto’s Official Plan and ideally located just north of the Yonge and Dundas intersection.

This site is a prime location for a high-rise condominium either with or without the incorporation of the adjacent properties.

This project has been purchased in partnership with Muzzo Group, one of Canada’s most diversified developers and builders.

The current proposal has an 80-storey residential tower sitting atop the retained three-storey facade of the designated heritage building currently occupying the site.

Lower Base Line West

RGF Real Estate Fund L.P. announces the acquisition of 94 acres of development land located at 1148 Lower Base Line W., Milton, immediately outside of the Milton Phase 4 urban expansion lands.

This site is expected to be included in Halton Region’s next boundary expansion, thus making it available for development.

This project has been purchased in partnership with The Remington Group, one of Canada’s most respected developers.

Queen St. E. & The Gore Rd, Brampton

HBNG Holborn Group announces development land located on Queen Street East at The Gore Road, City of Brampton.

The site is currently vacant and adjacent a Natural Heritage System and is served by three bus services including a Zum Rapid Transit Route to York University. The area includes a wide range of retail and commercial facilities within a 10-minute walk, including a convention centre and hotel directly across the street.

The concept plan proposes 276 new low-rise residential units, comprising 152 townhouses and 124 detached units. The plan also includes a medium density high-rise residential building with ground related commercial uses.

Other uses include a Park, SWM Pond amenity area and a 7.66 acre office employment block with direct frontage on Queen Street East.

This project is being developed in partnership with TACC Developments and is estimated for a Fall 2017 market release.

2016 Annual General Meeting

RGF Real Estate Fund Limited Partnership held its first Annual General Meeting on June 7th, 2016.

The meeting was chaired by HBNG Chief Executive Officer, John D’Angelo and was held at The National Club in downtown Toronto.

As well as conducting traditional orders of business Mr. D’Angelo reviewed the 2015 RGF highlights and presented his investment opportunities and strategies for 2016.

Announcement of Land Sale

HBNG Holborn Group announces that the RGF Real Estate Fund L.P. has sold the entire 40 acre State Crown Centre lands. The closing occurred on March 16, 2016.

Commenting, John D’Angelo, HBNG CEO said: “While not part of our core strategy, these lands yielded a significant return to investors. We believe this will also prove to be a good investment for the purchaser.”