Keeping you updated on recent HBNG announcements.

RGF Realty Fund – 8th Annual General Meeting

The RGF Realty Fund held its highly anticipated 8th Annual General Meeting on September 19th, 2023, at the prestigious National Club in downtown Toronto. The event was marked by the presence of HBNG Holborn Group’s Chief Executive Officer, John A. D’Angelo, who chaired the meeting.

The focal point of the meeting was the comprehensive review of the fund’s financial performance in 2022, presented by Mr. D’Angelo. His insights and market perspectives provided valuable guidance for the future to the fund’s investors.

This event not only reinforced RGF Realty Fund’s commitment to transparency and responsible financial management but also set the stage for continued success and growth in the real estate market.

HBNG Holborn Group Announces Appointment of Wayne Garrett as President

As part of its ongoing commitment to excellence and growth, HBNG Holborn Group is delighted to announce that Wayne Garrett has been appointed to the newly created position of President. Mr. Garrett brings over 40 years of experience in the construction industry to his new role, and his expertise in developing and building industrial, commercial, and institutional buildings, will be invaluable to the organization.

Before joining HBNG, Mr. Garrett served as the president of Maystar General Contractors (an HBNG company), where he oversaw a wide range of construction projects, including multi-story retirement residences, multiple TTC and hospital upgrades as well as the Vaughan Civic Centre. He was responsible for developing and implementing business strategies to increase revenue and improve efficiency. Mr. Garrett’s success at Maystar is a testament to his leadership abilities and his commitment to delivering high-quality construction projects.

Mr. Garrett is eager to begin his new role as president of HBNG and is excited about the opportunities that lie ahead. He recognizes the importance of building strong relationships with clients, subcontractors, and employees and is committed to ensuring that HBNG continues to deliver high-quality projects that meet and exceed our clients’ expectations.

In addition to his professional accomplishments, Mr. Garrett is an active member of the community and is committed to giving back to the community and is excited about the potential for HBNG to make a positive impact in the areas where we work and live.

The appointment of Wayne Garrett as the new president of HBNG is a significant milestone in the organization’s history. His extensive experience and proven track record of success make him the ideal leader to guide HBNG through its next phase of growth and development. HBNG is excited to have him on board and looks forward to future successes. 


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.


HBNG Holborn Group announces the purchase of 101-121 Lakeshore Rd., St. Catharines. Located in the heart of St. Catharines this 5.25-acre property, purchased for just over $14 Million has excellent long-term medium to high-rise residential potential.

With a population of approximately 140,000 St. Catharines is the largest city in the Niagara Region, making it ideal for future growth. Especially attractive is its proximity to both Toronto and the U.S. border. The Niagara Region offers a number of recreational activities including wineries, green parks, community centres, rolling trails and bikeways. This, combined with real estate prices being lower than the national average, make St. Catharines an attractive area to live in.

2022 Annual General Meeting

RGF Real Estate Fund Limited Partnership held its seventh Annual General Meeting on Tuesday September 20, 2022.

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

Mr. D’Angelo conducted traditional orders of business and reviewed the 2021 RGF financial highlights and how the Canadian housing market will shift in 2023.

$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.


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.

UPDATE: HBNG has acquired an additional 50 acres of land in the immediate vicinity.




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.


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.


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.