News

Keeping you updated on recent HBNG announcements.

$30 Million Commitment from HBNG

On Wednesday June 1, the Hon. Maurizio Bevilacqua, Mayor of Vaughan and Chair of the Mackenzie Health Foundation Ultimate campaign, announced the incredible commitment made by HBNG Holborn Group to donate $30 million in support of Mackenzie Health.

Mackenzie Health has achieved its $250-million Ultimate campaign milestone, historically the largest fundraising campaign ever undertaken by a community hospital in Canada. Years of community generosity from more than 15,000 donors was topped off by a $30-million gift from HBNG. Led by partners John A. D’Angelo, Giuseppe Maio, and Claudio Memme, HBNG has been a long-time supporter of Mackenzie Health in addition to other philanthropic contributions.

The campaign’s focus has been to build and equip Cortellucci Vaughan Hospital and enhance care at Mackenzie Richmond Hill Hospital. Cortellucci Vaughan Hospital – a 1.2 million sq. ft., state-of-the-art health care facility – opened in 2021. The new hospital works in tandem with Mackenzie Richmond Hill Hospital to double access to exceptional care for the western York Region community and surrounding areas.

Mackenzie Health is a vital health care provider in our community and on behalf of HBNG and our families, we are honoured to contribute to this great achievement.

PURCHASED: NORWOOD TOWNSHIP

HBNG is pleased to announce the purchase of 80 acres of prime land in Norwood Township located just 20 minutes to the east of Peterborough. The $17 million deal will potentially add just under 500 low rise residential units to a high growth area with ever increasing demand for housing.

The Township is a growing rural community that provides an attractive blend of rural, village, and cottage living to over 4,000 residents who call the municipality home.

Between 2017 and 2018, according to Statistics Canada, the Peterborough census metropolitan area increased by 3.1 per cent — the fastest rate in the country. By 2041, the city is expected to grow by 32,000 residents from 2016 levels, making for a population increase of about 40 per cent. 

These factors all contribute to a robust market attracting strong investor interest in the area.

PURCHASE: 8127-8149 YONGE ST (MARKHAM)

HBNG Holborn Group announces the purchase of 8127-8149 Yonge Street by DRC (Markham) Incorporated. Located south of Hwy. 407 on the east side of Yonge St., this 1.75-acre property, purchased for $26.5 Million has excellent future redevelopment potential.

Currently utilized as retail, this is a prime location for residential high-rise incorporating retail and commercial mixed-use space.

This property is ideally situated to take advantage of the future Langstaff/Yonge transit hub as well as its proximity to the existing North York City Centre.

DRC (Markham) Inc. is a joint partnership between Bratty Group and HBNG.

2021 ANNUAL GENERAL MEETING

RGF Real Estate Fund Limited Partnership held its sixth Annual General Meeting on Tuesday September 21st, 2021.

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

As well as conducting traditional orders of business Mr. D’Angelo reviewed the 2020 RGF highlights and shared his vision of the future.

PURCHASE: 33 YORKVILLE (TORONTO)

RGF Real Estate Fund L.P. announces its investment in 33 Yorkville in Toronto, Canada. RGF is partnering with several of Canada’s most notable investors in this $300 million purchase led by the Pemberton Group.

This stunning new community will be coming soon to the heart of Toronto’s Yorkville neighbourhood at Bay St. & Yorkville Ave. Ideally situated directly across from the Four Seasons Hotel, residents will find themselves steps from some of the finest shops, brands, designer boutiques, restaurants, and cafes that the city has to offer.

With sales expected to commence in 2022, this development will consist of over 1000 condominium units and a comparable number of below grade residential and public parking spaces.

33 Yorkville not only redefines the neighbourhood as the most exclusive address in Toronto, it also firmly establishes RGF as an industry leader.

PURCHASE OF THE MISSISSAUGA YMCA

Toronto, January 14, 2021 – The purchase of the YMCA in Mississauga, Ontario by RGF (Mississauga) Developments Inc. (led by HBNG Holborn Group) was officially closed on December 15, 2020. The 4.5-acre property comprising both the YMCA building and adjacent parking lot, is ideally situated on the north east corner of Burnhamthorpe Rd. W. and Confederation Pkwy.

The future development of this signature property will take place over several phases and will potentially consist of multiple mixed-use towers atop of ground floor retail. This project is expected to be a statement addition to the City of Mississauga’s unique and burgeoning skyline.

By virtue of this exceptional location, future residents will enjoy access to not only world class shopping but also cultural amenities such as The Living Arts Centre and The Art Gallery of Mississauga as well as easy access to parks and conservation areas.

2020 ANNUAL GENERAL MEETING

RGF Real Estate Fund Limited Partnership held its Fifth Annual General Meeting on Tuesday September 15 th , 2020.

Despite what proved to be a challenging year brought on by Covid-19 we were firmly committed to overcome any potential impacts and continued to build on our record of success.

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

MAYFIELD WEST EXPANSION PROCEEDS

Ontario Premier Doug Ford was in attendance to mark the official start of the Mayfield West development project in Caledon, Ontario.

The residential portion of the development will create 7,600 new homes in the area as well as 550 new jobs. This development has been in the works since 2002.

RGF Real Estate Fund L.P. is partnered with Mattamy Homes on approximately 100 acres of land and 700 homes. Home builder Poetry Living of HBNG Holborn Group has been contracted as the official builder for RGF on this project and recently completed Phase 1 sales ahead of schedule.

2019 ANNUAL GENERAL MEETING

RGF Real Estate Fund Limited Partnership held its Fourth Annual General Meeting on Wednesday July 10th, 2019.

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

HBNG HOLBORN GROUP AND RGF REAL ESTATE FUND UNITE AS PRESENTING SPONSORS AT THE 2019 VAUGHAN MAYORS’ GALA

John A. D’Angelo, Joseph Maio and Claudio Memme of HBNG Holborn Group are recognized by the Honourable Maurizio Bevilacqua

All funds raised will be directed to the Spirit of Generosity, which continues its meaningful support of over 150 not-for-profit and community organizations including children and youth groups, health care initiatives, seniors’ organizations and special needs programs. To date, more than $30 million has been raised through the Spirit of Generosity.