The $272 Million purchase of the Erin Mills Town Centre in Mississauga, Ontario was officially closed on January 31, 2023. The consortium consists of several of Canada’s leading developers with the RGF Real Estate Fund holding the largest share.
This site is comprised of a 900,000 sq. ft shopping centre on 80+ acres within proximity of Highways 403 and 407. The surrounding property will be developed into a mixed-use residential community, bringing new life to the area while also providing much-needed housing options for the region.
In recent years, the demand for housing in Mississauga has surged, leading to a shortage of affordable housing options. The development of Erin Mills Town Centre into a mixed-use residential community is expected to help address this issue by providing a range of housing options for different income levels. Additionally, the new community will be designed with sustainability in mind, featuring green spaces and energy-efficient buildings.
Located in one of Canada’s fastest-growing cities, with easy access to major highways and public transit, the area is also home to numerous schools, parks, and community centres, making it an ideal location for families and young professionals.