What's New

KingSett Capital Acquires 100 Alfred Kuehne Boulevard, Brampton

KingSett Capital announced today that is has acquired, on behalf of its Real Estate Growth LP No. 5, 100 Alfred Kuehne Boulevard, a 1,000,082 square foot industrial facility located in Brampton, Ontario.

KingSett Capital Acquires 1235 Bay Street, Toronto

KingSett Capital announced today that is has acquired, on behalf of its Canadian Real Estate Income Fund LP, 1235 Bay Street, Toronto, a 92,772 square foot, 10-storey office building with 9,330 square feet of ground floor retail space, located on the corner of Bay and Cumberland.

KingSett Acquires Joint Venture Interest in Retail Development Site, Calgary

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, a 50% joint venture interest in a 2.7 acre urban in-fill development site in the East Village area of downtown Calgary.  Upon completion, the development will include approximately 300,000 square feet of retail space on 3 above-grade levels.

KingSett Capital Acquires Certain Primaris Retail Real Estate Investment Trust Properties

KingSett Capital announced today that it has completed its previously disclosed acquisition of certain properties from Primaris Retail Real Estate Investment Trust.  KingSett Capital, has acquired on behalf of its Real Estate Growth LP No. 5, a 50% interest in 11 shopping centres as part of a joint venture with the Ontario Pension Board.  In addition, KingSett Capital, on behalf of its Canadian Real Estate Income Fund LP, has acquired a 50% interest in two shopping centres in a joint venture with the Ontario Pension Board and a 50% interest in one shopping centre in a joint venture with RioCan REIT.

KingSett Acquires Brookdale Centre, Pickering

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, Brookdale Centre, Pickering, a 211,000 square foot, open format retail centre located in downtown Pickering.

KingSett and H&R to acquire Primaris

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KingSett Sells 17 Industrial Properties

KingSett Capital announced today that is has sold, on behalf of its KingSett Real Estate Growth LP No. 3, its interest in 17 industrial properties totalling 1,538,173 square feet of space in Montreal, GTA, Calgary and Edmonton.

KingSett Acquires Joint Venture Interest in Retail Development Site, Calgary

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, a 50% joint venture interest in a 32 acre retail development site in Northwest Calgary.  The development will consist of an open format retail centre totalling 365,000 square feet.

KingSett Acquires 700 Bay Street, Toronto - LuCliff Place

KingSett Capital announced today that is has acquired, on behalf of its Canadian Real Estate Income Fund LP, 700 Bay Street – LuCliff Place, a 185,000 square foot office building and 223-suite apartment tower located at Bay and Gerrard.

KingSett Sells Two Industrial Properties in Vancouver

KingSett Capital announced today that it has sold, on behalf of its Canadian Real Estate Income Fund LP, two industrial properties in Vancouver, BC totaling 927,846 square feet.

KingSett Sells Industrial Portfolio to Dundee Industrial REIT

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 3, its interest in an industrial portfolio of over 5.3M square feet to Dundee Industrial REIT.

66 Slater Street, Ottawa - Capital and Operational Improvements Noticed

This month the Right Honourable Steven Blaney, Minister of Veterans Affairs took time to personally meet with the 66 Slater management and operations team to thank them, noting that capital improvements such as the elevator and lighting upgrades and operation improvements including HVAC and cleaning operations as well as customer service have greatly increased their comfort and satisfaction with the building.  Veterans Affairs occupies 3 ½ floors (37,100 sf) at 66 Slater.

KingSett Capital Led Consortium Announces Intention To Make All-Cash Offer To Acquire Primaris Retail REIT In A Transaction Valued At $4.4 Billion

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KingSett to Sell Industrial Portfolio to Dundee Industrial REIT for $498 Million

KingSett Capital announced today that it has entered into an agreement to sell a 5.3 million square foot portfolio of industrial properties to Dundee Industrial REIT for approximately $498.5 million.

KingSett Capital is Canada’s leading private equity real estate business co-investing with pension fund and high net worth individual clients.

Dundee Industrial REIT is an unincorporated, open-ended real estate investment trust. Dundee Industrial owns a portfolio of 77 primarily light industrial properties comprising approximately 6.01 million square feet of gross leasable area in key industrial markets across Canada.

Colliers Knowledge Leader Publication features KingSett Capital

KingSett Capital has been featured in the winter 2012 publication of the Colliers International Knowledge Leader publication.

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KingSett Sells Two Cold Storage Buildings in Edmonton

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 3, its interest in two cold storage buildings in Edmonton, Alberta totaling 88,840 square feet.

KingSett Sells an Industrial Property in Edmonton

KingSett Capital announced today that it has sold, on behalf of its Canadian Real Estate Income Fund LP, a 111,000 square foot industrial property in Edmonton, Alberta.

KingSett Acquires 220 King Street West, Toronto

KingSett Capital announced today that it has acquired, on behalf of its Real Estate Growth LP No. 4, 220 King Street West, a 28,000 square foot, 5-storey office building well located in Toronto.

KingSett Acquires 75% of Inglewood Development Site

KingSett Capital, on behalf of its Real Estate Growth LP No. 4, announced today that it has completed the acquisition of the Inglewood development site at 1402-1414 - 9^th Avenue in SE Calgary. We acquired this property as part of a 75% / 25% joint-venture.

KingSett Acquires Joint Venture Interest in 1860 Bayview Avenue, Toronto

KingSett Capital announced today that it has acquired, on behalf of its Real Estate Growth LP No. 4, 1860 Bayview Avenue in a 50/50 joint venture.  A 1.19 acre urban development site near Bayview Avenue and Eglinton Avenue in Toronto’s Leaside neighbourhood, the property will house a Whole Foods store and other retail uses.

KingSett Acquires Calgary Place, Calgary

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, a 50% interest in Calgary Place, an A-Class office and retail complex in downtown Calgary comprising 573,209 square feet.  This acquisition represents the Income Fund’s second downtown office property in Calgary and our second joint-venture with our partner CREIT, who will property-manage the asset on behalf of the co-ownership.

Fashion Television Features The Cumberland Apartment at 155 Cumberland Street, Toronto

Fashion Television’s In Fashion: World of Design has featured this luxuriously expanded and meticulously restored landmark condominium residence at 155 Cumberland Street, Toronto. The online video features interviews with Joe Brennan of Brennan Custom Homes Inc., the project’s developer, as well as Brian Curtner of Quadrangle Architects Limited, the architect responsible for the project’s stunning design. The Cumberland Apartment is currently being marketed for sale; please contact Jon Love at jlove@kingsettcapital.com for more information.

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KingSett Acquires Joint Venture Interest in Altius Centre, Calgary

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, a 50% joint venture interest in Altius Centre, a 306,666 square foot office building in downtown Calgary. The site boasts 6,783 square feet of retail as well as 287 parking stalls. It will be managed by our joint venture partner, Canadian Real Estate Investment Trust (CREIT).

KingSett Acquires Joint Venture Interest in 27 Yorkville Avenue, Toronto

KingSett Capital announced today that it has acquired, on behalf of its Real Estate Growth LP No. 4, a 60% joint venture interest in 27 Yorkville Avenue to develop a hi-rise, mixed-use development.

KingSett Acquires Grid 5, Calgary

KingSett Capital, on behalf of its Real Estate Growth LP No. 4, announced today that it has completed the acquisition of Grid 5. Originally constructed as an apartment building in 1965 and converted to a hotel in 1982, it contains 305 suites, with a mix of 1-bedroom, 2-bedroom and studio layouts. Value-add opportunities include conversion to rental apartment, ground floor retail redevelopment and excess developable land.

KingSett Acquires Freehold Interest in 260-262 Carlingview Drive, Toronto

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, a freehold interest in 260-262 Carlingview Drive, which is encumbered by a ground lease to InnVest REIT with 76 years remaining.  The property is improved by a 254 room Quality Suites Hotel and multi-level parking garage and is located near the Toronto Pearson International Airport.

KingSett Acquires 555 Richmond Street West, Toronto

In a joint-venture with Canderel, KingSett Capital announced today that it has acquired, on behalf of its Real Estate Growth LP No. 4, 555 Richmond Street West, a 300,000 square foot office building located in Toronto’s Downtown West node at the intersection of Bathurst and Richmond Streets. Canderel will be retained as property manager.

KingSett Acquires Joint Venture Interest in Sheppard Centre, Toronto, Ontario

KingSett Capital, on behalf of its Real Estate Growth LP No. 4, announced today that it has completed the acquisition of a 50% interest in Sheppard Centre as part of a joint venture with RioCan Real Estate Investment Trust.  Sheppard Centre is a 673,000 square foot urban mixed use centre located at the northeast corner of Yonge and Sheppard in Toronto.

KingSett and RioCan Real Estate Investment Trust To Acquire Sheppard Centre, Toronto

KingSett Capital, on behalf of its Real Estate Growth LP No. 4, announced today that it is acquiring Sheppard Centre, Toronto in a joint venture with RioCan.  Sheppard Centre is a 673,000 square foot urban mixed use centre located at the northeast corner of Yonge and Sheppard.

KingSett Capital is Canada's leading private equity real estate investment business co-investing with pension funds and high net worth individuals.

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $11.9 billion as at September 30, 2011.

KingSett Sells Timbercreek Multi-Family Portfolio, Ottawa

KingSett Capital announced today that is has sold, on behalf of its Real Estate Growth LP No. 3, its interest in the Timbercreek Multi-Family Portfolio, consisting of eight buildings and 766 units in Ottawa.

KingSett Sells 17600 Trans-Canada Highway, Montreal

KingSett Capital announced today that is has sold, on behalf of its Real Estate Growth LP No. 2, its interest in 17600 Trans-Canada Highway, an industrial development property in Montreal.

KingSett Sells Cambridge Corporate Centre, Cambridge

KingSett Capital announced today that is has sold, on behalf of its Real Estate Growth LP No. 3, Cambridge Corporate Centre, a 121,000 square foot flex industrial building in Cambridge.

KingSett Sells the Redwoods and Palisades Retirement Residences, Ottawa

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, the Redwoods and Palisades Retirement Residences, offering both independent and assisted living, comprising a total of 365 units in Ottawa, Ontario.

KingSett Acquires 1255 Bay Street, Toronto

KingSett Capital announced today that it has acquired, on behalf of its Canadian Real Estate Income Fund LP, 1255 Bay Street, a 63,756 square foot office tower located on the southeast corner of Bay Street and Yorkville Avenue in Toronto. It includes 4,490 square feet of street-front retail and a two-and-half level, 44 stall parking garage.

KingSett Sells 150 Montreal-Toronto, Montreal

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 4, 150 Montreal-Toronto Blvd., an 869,000 square foot industrial building in Montreal.

KingSett Acquires a 62.5% interest in 454 Yonge Street, Toronto

KingSett Capital announced today that it has acquired, on behalf of its Real Estate Growth LP No. 4, a 62.5% interest in 454 Yonge Street, a 37,000 square foot 2-level retail and office building located just north of the intersection of Yonge and College in downtown Toronto. KingSett plans to redevelop the site into a mixed use retail-residential project with our joint venture partner Canderel.

KingSett Sells 1165 Kenaston Street, Ottawa

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 3, 1165 Kenaston Street, a 180,689 square foot single tenant mixed-use building in Ottawa, Ontario.

KingSett Acquires a 1/3 Interest in the Cherryhill Portfolio, London

KingSett Capital announced today that it has acquired on behalf of its Canadian Real Estate Income Fund LP a 1/3 interest in the Cherryhill Portfolio, a collection of 12 apartment buildings consisting of 2,114 units and 194,000 square feet of retail and office space in London, Ontario.  Our joint venture partners are The Minto Group and Healthcare of Ontario Pension Plan.

KingSett Finances an Apartment Building in Toronto

KingSett Capital announced today that it has provided a $4.0 million second mortgage loan with an LTV ratio of 85% for its Canadian Real Estate Income Fund LP, to finance a 110-unit fully leased low-rise apartment building located in Toronto, Ontario.

KingSett Capital Subscribes via Private Placement for a Convertible Debenture in Melcor Developments Ltd.

KingSett Capital announced today that it has subscribed via non-brokered private placement, on behalf of its Canadian Real Estate Income Fund LP, for $18 million of a convertible debenture in Melcor Developments Ltd.  with Melton Holdings Ltd. and Cavell Holdings Inc. 

Melcor Developments Ltd. is a publicly traded Edmonton based real estate development company tracing its roots back to 1923. Melcor develops master planned residential communities, office and retail properties, and owns and manages commercial and golf course assets in western Canada and in the southwestern United States.

KingSett Finances Three Industrial Buildings in Brampton and Brantford, Ontario

KingSett Capital announced today that it has provided a $15.0 million first mortgage loan for its Canadian Real Estate Income Fund LP, to finance three cold storage buildings occupying 762,470 square feet on 38.43 acres of aggregate land in Brampton and Brantford, Ontario.

KingSett Finances Three Industrial Buildings in Brampton and Brantford, Ontario

KingSett Capital announced today that it has provided a $12.0 million second mortgage loan for its Real Estate Mortgage Fund LP, to finance three cold storage buildings occupying 762,470 square feet on 38.43 acres of aggregate land in Brampton and Brantford, Ontario.

KingSett Finances a Residential Condominium Project in Toronto

KingSett Capital announced today that it has provided a $15.0 million third mortgage loan for its Real Estate Mortgage Fund LP, to finance the construction of a 25 storey, 205-unit high-rise residential condominium building located in Toronto.

KingSett Sells the Norelco Industrial Complex, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, the Norelco Industrial Complex.  Incorporating 16, 20 and 40 Norelco Drive as well as 99 Signet Drive, the development is a total of 1.1 million square feet in Toronto, Ontario.

KingSett Sells 50% of 501 Lakeshore Road East, Mississauga

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, a 50% interest in 501 Lakeshore Road East, a 365,229 square foot multi-tenant industrial facility in Mississauga, Ontario.  Concurrently, KingSett Capital, on behalf of its Real Estate Growth LP No. 2, has entered into a joint venture with The Trinity Group to redevelop the site.

KingSett finances an Apartment Building in Ottawa

KingSett Capital announced today that it has provided a $1.0 million second mortgage loan with an LTV ratio of 85% for its Real Estate Mortgage Fund LP, to finance a 74-unit fully leased low-rise apartment building located in Ottawa, Ontario.

KingSett finances a Portfolio of Retail, Industrial and Office Properties in ON, BC, QC, MB, AB, NS

KingSett Capital announced today that it has provided a $75.0 million second mortgage loan with an LTV ratio of 74% for its Real Estate Mortgage Fund LP and its Real Estate Growth Fund LP, to finance a +/-6 million square foot real estate portfolio, including +/- 4,244,000 square feet of retail space, 1,156,000 square feet of industrial space and 544,000 square feet of office primarily in Toronto, Vancouver, Montreal and Winnipeg.

KingSett sells 555 Avenue Lee, Montreal

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, 555 Avenue Lee, a 210,000 square foot industrial facility on 15 acres in Montreal, Quebec.

KingSett/AIMCo Acquire ING Summit Industrial Fund LP and its Manager in a $2 Billion Acquisition

KingSett Capital announced today that is has completed its previously disclosed acquisition on behalf of its Real Estate Growth LP No. 3 of a 50% interest in the ING Summit Industrial Fund as part of a $2 billion joint venture with AIMCo. The portfolio consists of more than 400 industrial facilities across Canada. As part of the transaction, KingSett Capital has acquired on behalf of its Canadian Real Estate Income Fund LP 16 high-quality industrial properties, comprising 2.7M square feet, well-located in Calgary, Edmonton, the GTA and Montreal.

KingSett finances a Residential Condominium Project in Toronto

KingSett Capital announced today that it has provided a $10.5 million third mortgage loan with an LTV ratio of 75% for its Real Estate Mortgage Fund LP, to finance the construction of a 23 storey, 216 unit high-rise residential condominium building located in Toronto.

KingSett finances an Apartment Building in Scarborough, Ontario

KingSett Capital announced today that it has provided a $5 million first mortgage loan with an LTV ratio of 75% for its Canadian Real Estate Income Fund LP, to finance a 92-unit fully leased low rise apartment building located in Ottawa, Ontario.

KingSett finances an Apartment Building in Brossard, Quebec

KingSett Capital announced today that it has provided a second mortgage loan with an LTV ratio of 85% for its Real Estate Mortgage Fund LP, to finance a 68-unit fully leased low rise apartment building located in Ottawa, Ontario.

KingSett Acquires Two Industrial Buildings in Delta

KingSett Capital announced today that is has acquired on behalf of its Canadian Real Estate Income Fund LP a 100% interest in two high-quality single-tenant industrial buildings in the Riverway Business Park in Delta, British Columbia.  Located at 7868 – 7878 82nd Street, 7861 82nd Street and 7848 Hoskins Street, the buildings occupy 276,146 square feet on 10.6 acres and both buildings are 100% leased to North American Tea & Coffee.

KingSett finances a Residential Condominium Project in North Toronto, Ontario

KingSett Capital announced today that it has provided a $19.7 million first mortgage loan with an LTV ratio of 72% for its Real Estate Mortgage Fund LP, to finance the construction of a 95-unit, two phase residential condominium project located in North Toronto, Ontario. 

KingSett finances a Portfolio of Existing Retail Properties in QC, NS & ON

Capital announced today that it has provided a $20.0 million first and second blanket mortgage loan for its Real Estate Mortgage Fund LP, to finance a portfolio of 14 retail assets totaling approximately 2,395,000 sq. ft. of GLA located in Quebec, Nova Scotia and Ontario.

KingSett/AIMCo JV company to acquire ING Summit Industrial Fund LP and its Manager in a $2 Billion acquisition

ING Summit Industrial Fund LP (“Summit”) announced today that its limited partners, ING Industrial Fund of Australia and Netherlands-based ING Group, have entered into a definitive agreement to each sell their 50% partnership interests to a joint venture company between KingSett Capital Inc. (“KingSett”) and Alberta Investment Management Corp (“AIMCo”) that was established to purchase Summit.

As part of the transaction, KingSett/AIMCo will also acquire ING Real Estate Canada LP (“INGREC”), the manager of Summit, currently owned by ING.

Summit’s Chief Executive Officer Doug Auchterlonie said, “We are pleased to have attracted such well established investors to acquire this unique real estate platform.”

The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2010.

"Following a comprehensive sale process, the transaction with KingSett and AIMCo provides an excellent outcome for all of Summit’s stakeholders including its limited partners and lenders as well as for INGREC’s employees.” said Christophe Tanghe, Head of Strategy for ING Real Estate Investment Management.

The transaction is not expected to have any impact on Summit's mortgages granted to Falcon Trust in respect of the offerings by Falcon Trust of commercial mortgage backed securities. However, following the closing of the transaction, the holders of Summit's senior unsecured 5.70% Series A debentures due November 10, 2011 and its senior unsecured 5.20% Series B debentures due March 1, 2012 can require Summit to repurchase their debentures for 101% of their principal amount plus any accrued interest. Summit’s senior unsecured debentures are currently rated BBB with a Stable trend by Dominion Bond Rating Service.

TD Securities Inc. is acting as financial advisor and Stikeman Elliott LLP as legal advisor to the limited partners.

The KingSett / AIMCo joint venture engaged RBC Capital Markets as financial advisors and lead lender. Osler, Hoskin & Harcourt, Bennett Jones and Gowling Lafleur Henderson acted as legal counsel.

Summit is Canada’s largest owner of light industrial property. It owns a portfolio of over 400 properties containing approximately 32 million square feet of gross leasable space and 751 net developable acres of land in major metropolitan areas across Canada.

INGREC is a full service investment management organization specializing in the investment management, asset management, property management and development of Canadian light industrial real estate. INGREC’s 167 full time employees work in 7 offices located across Canada.

KingSett Capital is Canada's leading private equity real estate investment business co-investing with pension funds and high net worth individuals.

AIMCo is one of Canada's largest institutional investors. It manages about $70 billion of Alberta public sector pension and endowment assets, including a real estate portfolio valued in excess of $5 billion.

Forward-Looking Information Disclaimer

Certain statements in this news release, including but not limited to, the expected closing of the transaction disclosed herein as well as the effect of the transaction on Summit’s mortgages granted to Falcon Trust in respect of the offerings by Falcon Trust of commercial mortgage backed securities, can be considered forward-looking information within the meaning of Canadian provincial securities laws and regulations. Readers are cautioned that such statements are subject to certain risks and uncertainties that could cause actual results, performance or achievements of Summit, or industry results, expressed or implied by such forward-looking statements to differ materially from those contained in such forward-looking statements. These risks and uncertainties include, but are not limited to regulatory requirements and other matters described in Summit’s Management Discussion and Analysis for the year ended December 31, 2010 and Summits other regulatory filings available on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com <http://www.sedar.com/> . Summit undertakes no obligation to update publicly any forward-looking information, to reflect new information or the occurrence of future events or circumstances, except as expressly required by law.

KingSett Acquires Kingswood Estates, Kitchener

KingSett Capital announced today that it has acquired for its Canadian Real Estate Income Fund LP an 80% interest in 262 – 320 Kingswood Drive, a low-rise multi-family residential complex consisting of 360 units in 8 buildings, located in Kitchener, Ontario.  Centurion Apartment REIT will remain as both 10% owner and property manager of the complex.

KingSett Acquires a Development Site at Bathurst and Front, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3 a 50% interest in a development site at the intersection of Bathurst Street and Front Street in Toronto, Ontario.  KingSett and its development partner, Freed Developments Ltd. intend on developing a residential condominium project on the site.

KingSett finances a Residential Condominium Project in Toronto

KingSett Capital announced today that it has provided a $13.47 million third mortgage loan with an LTV ratio of 82% for its Real Estate Mortgage Fund LP, to finance the construction of a two-phase, 489-unit high-rise residential condominium project located in Toronto.

KingSett finances an Apartment Building in Ottawa, Ontario

KingSett Capital announced today that it has provided a second mortgage loan with an LTV ratio of 84% for its Real Estate Mortgage Fund LP, to finance a 50-unit fully leased low-rise apartment building located in Ottawa, Ontario.

KingSett Acquires 50% of Park Place, Barrie

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3 a 50% interest in Park Place, a new-format retail development project located at the intersection of Highway 400 and Mapleview Drive in Barrie, Ontario.  The project will be developed with KingSett’s 50% joint venture partner, North American Development Group.

KingSett sells Lansdowne Place, Peterborough

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, Lansdowne Place, a 336,897 square foot enclosed, split-level retail centre in Peterborough, Ontario.

KingSett sells Lansdowne Industrial, Peterborough

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, The Lansdowne Industrial Portfolio, a 265,101 square foot industrial complex in Peterborough, Ontario.

KingSett Acquires the Multi-Family Property at Leslie and York Mills, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3 a 50% interest in the multi-family property at the northwest corner of Leslie Street and York Mills Road, Toronto.  The buildings comprise 409 units in three towers, situated on approximately 7.73 acres of land.  The towers will be renovated and repositioned by KingSett’s 50% joint venture partner, Minto Group Inc.

KingSett Acquires Phase II of the Hopewell Distribution Centre, Richmond

KingSett Capital announced today that it has acquired for its Canadian Real Estate Income Fund LP a 100% interest in Phase II of the Hopewell Distribution Centre, a 443,000 square foot multi-tenant distribution facility on 20.34 acres.  This is a premium industrial facility located in Richmond, British Columbia, adjacent to the Phase I development acquired by the Income Fund February 12, 2010.

KingSett finances a Residential Condominium Project in Toronto

KingSett Capital announced today that it has provided a $20.8 million third mortgage loan for its Real Estate Mortgage Fund LP, to finance the construction of a 29 storey, 460-unit high-rise residential condominium building located in Toronto.

KingSett finances a Residential Condominium Project in Toronto

KingSett Capital announced today that it has provided a $15.9 million third mortgage loan for its Real Estate Mortgage Fund LP, to finance the construction of a 22 storey, 320-unit high-rise residential condominium building located in Toronto.

KingSett finances Five Apartment Buildings in Toronto

KingSett Capital announced today that it has provided a $4.1 million second mortgage loan for its Real Estate Mortgage Fund LP, to finance five apartment buildings containing 661 units located in mid-town Toronto.

KingSett finances an Apartment Building in Ottawa

KingSett Capital announced today that it has provided a $2.1 million second mortgage loan for its Canadian Real Estate Income Fund LP, to finance an 11 storey, 80-unit apartment building in Ottawa, Ontario.

KingSett finances a mixed-use commercial building in Toronto, Ontario

KingSett Capital announced today that it has provided a $20 million second mortgage loan with a LTV ratio of 80% for its Real Estate Mortgage Fund LP, to finance a 266,872 mixed-use commercial building in Toronto, Ontario.

KingSett finances a Best-in-Class Retail Complex in Downtown Toronto

KingSett Capital announced today that it has provided a $12 million second mortgage loan for its Real Estate Mortgage Fund LP, to finance an +/-88,360 square foot retail complex located in a prime downtown Toronto location.

KingSett Acquires 50% of Aura at College Park, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3 a 50% interest in the Aura lands at College Park, upon which will be developed a 931 unit, residential condominium tower atop a 135k sf retail podium and a 705 stall underground parking garage.  Aura is the third and final phase of the residences at College Park; Phases I and II consist of 658 units developed by KingSett’s 50% joint venture partner, Canderel Stoneridge.

KingSett finances a Retail Development Site in Brampton, Ontario

KingSett Capital announced today that it has provided a $5.6 million second mortgage loan with a LTV ratio of 74% for its Real Estate Mortgage Fund LP, to finance a 22.72 acre retail development site in Brampton, Ontario.

KingSett finances a Two-Building Student Residence in Waterloo, Ontario

KingSett Capital announced today that it has provided a $5.35 million second mortgage loan equivalent to 75% of purchase price for its Real Estate Mortgage Fund LP, to finance a two-building, 42 unit, 91 bedroom student residence located in Waterloo, Ontario.

KingSett Acquires Phase I of the Hopewell Distribution Centre, Richmond

KingSett Capital announced today that it has acquired for its Canadian Real Estate Income Fund LP a 100% interest in Phase I of the Hopewell Distribution Centre, a fully leased 484,429 square foot premium industrial distribution facility in Richmond, British Columbia.

KingSett finances a Portfolio of Existing Retail and Office Properties in BC, AB & ON

KingSett Capital announced today that it has provided a $22.9 million second mortgage loan with a LTV ratio of 81% for its Real Estate Mortgage Fund LP, to finance a 24 asset portfolio, including +/- 877,000 square feet of retail and office space, 515 apartment units and 58 acres of industrial land primarily in British Columbia, Alberta and Ontario.

KingSett sells Quartier Laval, Laval, Quebec

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, Quartier Laval, a 253,000 square foot new format retail centre, to a public Canadian REIT.

KingSett Acquires 66 Slater Street, Ottawa

KingSett Capital announced today that it has acquired for its Canadian Real Estate Income Fund LP a 100% interest in 66 Slater Street, a 244,440 square foot, 22-storey premium office tower in the central business district of Ottawa, Ontario.

KingSett Acquires 50% of Bayshore Shopping Centre, Ottawa

KingSett Capital announced today that it has acquired for its Canadian Real Estate Income Fund LP a 50% interest in Bayshore Shopping Centre, a 742,204 square foot regional mall in Ottawa, Ontario.  This is a joint venture with Ivanhoe Cambridge.  Ivanhoe Cambridge will continue to manage the property on behalf of the joint venture. 

KingSett finances a Retail Strip Plaza in Thunder Bay

KingSett Capital announced today that it has provided a $3 million second mortgage loan with a LTV ratio of 82% for its Real Estate Mortgage Fund LP, to finance a +/-66,100 square retail strip plaza located in Thunder Bay, Ontario.

KingSett Acquires 1165 Kenaston Street, Ottawa

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3, a 100% interest in 1165 Kenaston Street. This 180,689 square foot single tenant mixed-use building, comprising over 90,000 square feet of both industrial and office space, is located in the national capital region of Ottawa, Ontario.

KingSett finances an Office Building in Ottawa

KingSett Capital announced today that it has provided a $2 million third mortgage loan with a LTV ratio of 75% for its Real Estate Mortgage Fund LP, to finance a 130,000 square foot office building located in Ottawa, Ontario.

KingSett purchases distressed debt

KingSett Capital announced today that it has purchased an interest in an existing $46.6 million first mortgage loan for its Real Estate Mortgage Fund LP, secured by a 50,000 square foot mixed-use land development site in Toronto, Ontario.

KingSett sells 111 Grangeway Avenue, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, a 100% interest in 111 Grangeway Avenue, a 76,000 square foot office building located in Scarborough, Ontario to a private Canadian investor.

KingSett finances a Three-Building Student Residence in Waterloo, Ontario

KingSett Capital announced today that it has provided a $1.5 million second mortgage loan with a LTV ratio of 82% for its Real Estate Mortgage Fund LP, to finance a three-building, 175 bed student residence located in Waterloo, Ontario.

KingSett finances an Office Building in Toronto

KingSett Capital announced today that it has purchased a 50% interest in an A note within a first mortgage loan, representing a $42.5 million share with a LTV ratio of 64% for its Real Estate Mortgage Fund LP, to finance a 812,153 square foot, class B office building in Toronto, Ontario.

KingSett finances Two Office Buildings in Toronto

KingSett Capital announced today that it has purchased a 50% interest in an A Note within a first mortgage loan, representing a $21.5 million share with a LTV ratio of 57% for its Canadian Real Estate Income Fund LP, to finance 130,048 square foot and 100,981 square foot class B office buildings in Toronto, Ontario.

KingSett finances an Office Building in Toronto

KingSett Capital announced today that it has purchased a $23.5 million A note within a first mortgage loan with a LTV ratio of 54% for its Canadian Real Estate Income Fund LP, to finance a 225,494 square foot, class B office building in Toronto, Ontario.

KingSett finances an Apartment Portfolio in Ontario and Nova Scotia

KingSett Capital announced today that it has purchased a $12.9 million B note within a first mortgage loan with a LTV ratio of 72% for its Canadian Real Estate Income Fund LP, to finance an apartment portfolio, consisting of 27 properties and totaling 2,491 units located in various cities throughout Ontario and Nova Scotia.

KingSett finances an Office Building in Calgary

KingSett Capital announced today that it has provided a $12 million second mortgage loan with a LTV ratio of 82% for its Real Estate Mortgage Fund LP, to finance a 140,000 square foot office building located in Calgary, Alberta.

KingSett finances a Full Service Hotel in Markham

KingSett Capital announced today that it has purchased a $2.4 million B note within a first mortgage loan for its Real Estate Mortgage Fund LP, to finance a 299 suite, full service hotel in Markham, Ontario.

KingSett finances an Independent Living Facility in Montreal

KingSett Capital announced today that it has provided a $14.5 million first mortgage loan with a stabilized LTV ratio of 66% for its Canadian Real Estate Income Fund LP, to finance, prior to asset stabilization, a 123 bed independent living retirement facility in Montreal, Quebec.

KingSett finances a Residential Project in Fort McMurray

KingSett Capital announced today that it has provided a $36 million first mortgage loan with a LTV ratio of 81% for its Real Estate Mortgage Fund LP, to complete the servicing of 121 residential lots and the construction of 80 townhouse units in Fort McMurray, Alberta.

KingSett finances a Rental Apartment Building in Yellowknife

KingSett Capital announced today that it has provided a $7.5 million second mortgage loan with a LTV ratio of 70% for its Canadian Real Estate Income Fund LP, to finance an 11 storey, 98 unit rental apartment building in Yellowknife, Northwest Territories.

KingSett Sells Petroleum Plaza, Edmonton

KingSett Capital announced today that it has sold, on behalf of Real Estate Growth LP No. 1, its interest in Petroleum Plaza, a 315,000 square foot office building located in Edmonton to DEGI Deutsche Gesellschaft fur Immobilienfonds m.b.H. (DEGI).

KingSett finances a Self Storage & Retail Facility in Ottawa

KingSett Capital announced today that it participated as to a 50% pari passu interest in a $15 million first mortgage loan with a LTC ratio of 86% for its Real Estate Mortgage Fund LP, to finance a 107,000 square foot self storage and retail facility in Ottawa, Ontario.

KingSett finances an Office Complex in Winnipeg

KingSett Capital announced today that it has purchased a $14.75 million B note within a first mortgage loan with a LTV ratio of 69% for its Canadian Real Estate Income Fund LP, to finance a 596,000 square foot, class A office complex in Winnipeg, Manitoba.

KingSett Sells 6767 Boulevard Leger, Montreal

KingSett Capital announced today that it has sold, on behalf of Real Estate Growth LP No. 1, its interest in 6767 Boulevard Leger, a 474,000 square foot industrial building located in Montreal - Nord to Olymbec.

KingSett Sells 3000 Rue Cartier, Ste. Hyacinthe

KingSett Capital has announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, its interest in 3000 Rue Cartier, a 400,000 square foot industrial building located in Ste. Hyacinthe.

KingSett finances a Rental Apartment Complex in Toronto

KingSett Capital announced today that it has provided a $2 million second mortgage loan with a LTV ratio of 71% for its Canadian Real Estate Income Fund LP, to finance a 65 unit residential apartment complex in Toronto, Ontario.

KingSett finances a Residential Apartment Portfolio in Kitchener-Waterloo

KingSett Capital announced today that it has provided a $4 million second mortgage loan with a LTV ratio of 80% for its Real Estate Mortgage Fund LP, to finance a residential apartment portfolio located in Kitchener-Waterloo, Ontario.

KingSett finances a Retail Shopping Centre in St. Catharines

KingSett Capital announced today that it has provided a $7 million A note within a first mortgage loan with a LTC ratio of 88% for its Canadian Real Estate Income Fund LP, to finance a +/-72,500 square foot neighborhood shopping centre in St. Catharines, Ontario.

KingSett finances a Retail Shopping Centre in St. Catharines

KingSett Capital announced today that it has provided a $7 million A note within a first mortgage loan with a LTC ratio of 88% for its Canadian Real Estate Income Fund LP, to finance a +/-72,500 square foot neighborhood shopping centre in St. Catharines, Ontario.

KingSett Sells 4500 rue Cousens, St. Laurent

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, a 100% interest in 4500 rue Cousens, a 98,000 square foot industrial building located in Ville St. Laurent, Quebec.

KingSett finances a Residential Unit Complex in Montreal

KingSett Capital announced today that it has provided a $2.2 million second mortgage loan with a LTV ratio of 73% for its Real Estate Mortgage Fund LP, to finance a 168 unit residential apartment complex in Montreal, Quebec.

KingSett Acquires 1590 South Gateway, Mississauga

KingSett Capital announced today that it has acquired for its Canadian Real Estate Income Fund LP, a 100% interest in 1590 South Gateway, a 195,322 square foot, single tenant industrial building, which includes 34,500 square feet of office space located in Mississauga, Ontario.

KingSett finances a Retail Property in Montreal

KingSett Capital announced today that it has provided a $3.2 million first mortgage loan with a LTV ratio of 69% for its Real Estate Mortgage Fund LP, to finance a 46,000 square foot retail property located in Montreal, Quebec.

KingSett finances a Retail Centre on Vancouver Island

KingSett Capital announced today that it has provided a $5 million first mortgage loan for its Real Estate Mortgage Fund LP, to finance the redevelopment of a 159,000 leasable square foot retail centre on leasehold land on Vancouver Island, British Columbia.

KingSett Sells 5760-9th Street SE, Calgary

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in 5760-9th Street SE. This 177,000 square foot industrial building is located in Calgary's central industrial district.

KingSett finances an Office Building in Toronto

KingSett Capital announced today that it has purchased a $6 million B note within a first mortgage loan with a LTV ratio of 78% for its Canadian Real Estate Income Fund LP, to finance a 225,494 square foot, class B office building in Toronto, Ontario.

KingSett finances a Shopping Centre in Toronto

KingSett Capital announced today that it has purchased a $10 million B note within a first mortgage loan with a LTV ratio of 69% for its Real Estate Mortgage Fund LP, to finance a 743,000 square foot regional shopping centre in Toronto, Ontario.

KingSett finances a full service Hotel in Halifax

KingSett Capital announced today that it has purchased a $6 million mezzanine loan with a LTV ratio of 70% for its Real Estate Mortgage Fund LP, to finance a 279 suite, full service hotel in Halifax, Nova Scotia.

KingSett finances an Office Building in Ottawa

KingSett Capital announced today that it has provided a $15 million second mortgage loan with a LTC ratio of 74% for its Real Estate Mortgage Fund LP, to finance a 40% occupied 130,000 square foot office building in Ottawa, Ontario.

KingSett Finances a Retail Strip Centre in Fort Saskatchewan

KingSett Capital announced today that it has provided a $2 million second mortgage loan with a LTV ratio of 69% for its Real Estate Mortgage Fund LP, to finance a 70,000 square foot retail strip centre in Fort Saskatchewan, Alberta.

KingSett Sells 55 Horner Avenue, Toronto

KingSett Capital announced today that it has sold on behalf of its Real Estate Growth LP No. 2 its interest in 55 Horner Avenue, a 93,000 square foot, industrial/office building located in south Etobicoke.

KingSett Sells 5900 Finch Avenue, Toronto

KingSett Capital announced today that it has sold on behalf of its Real Estate Growth LP No. 1, 5900 Finch Avenue East, a 166,000 square foot office/industrial space located in Toronto.

KingSett Finances a Student Residence in Waterloo

KingSett Capital announced today that it has provided a $5 million second mortgage loan with a LTC ratio of 95% for its Real Estate Mortgage Fund LP, to finance a 94 unit, 386 bed student residence in Waterloo, Ontario.

KingSett Acquires Versacold Cold Storage Portfolio

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3, the Versacold Cold Storage Portfolio. This portfolio consists of 21 buildings and a total of 2,683,000 sf.

KingSett Sells 8800 Glenlyon Parkway, Burnaby

KingSett Capital announced today that it has sold on behalf of its Real Estate Growth LP No. 2, 8800 Glenlyon Parkway, a 141,284 square foot office building located in the Glenlyon Business Park in south Burnaby.

KingSett Sells 320 Matheson Boulevard West, Mississauga

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, 320 Matheson Blvd. West, a 90,900 square foot office building located in Mississauga.

KingSett Acquires 101 Bloor Street West

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3, a 100% interest in 101 Bloor Street West. This 140,600 square foot office building, which includes 8,700 square feet of ground floor retail space, is located in mid-town Toronto.

KingSett Acquires Lethbridge Centre, Lethbridge

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3, a 50% interest in Lethbridge Centre, a 459,000 square foot urban mixed-use development located in downtown Lethbridge, Alberta.  This project is a joint venture with Melcor Developments Ltd.

Property management will be assumed by NewWest Enterprise.

KingSett Advises on Sale Leaseback of 3.6 Million sf North American Cold Storage Portfolio

KingSett Capital announced today that Eimskip Atlas Canada, Inc., a wholly owned subsidiary of Iceland’s Hf. Eimskipafelag Islands, has sold and subsequently leased-back, a portfolio of 23 cold storage facilities located throughout North America, comprising 3.6 million square feet. The net proceeds were used by Eimskip to repay Senior Lenders and KingSett’s acquisition debt incurred in connection with its acquisition of Atlas Cold Storage in November of 2006. KingSett Capital worked with RBC and CBRE to structure and implement this transaction for Eimskip.

KingSett Sells 2233 Sheppard Avenue West and 700 Clayson Road, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, an industrial portfolio located at 2233 Sheppard Avenue West and 700 Clayson Road, Toronto.

KingSett Sells 44 Capital Boulevard, Edmonton

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, a 100% interest in 44 Capital Boulevard, Edmonton.

KingSett Sells Millstream Village Shopping Centre, Victoria, BC

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, its 100% interest in Millstream, a 259,300 square foot retail power centre to GWL Realty Advisors Inc. on behalf of Canadian Real Estate Investment Fund No. 1 and London Life Real Estate Fund 2.

KingSett Finances Privatization of Versacold Income Fund

KingSett Capital announced today that it has structured and financed the $1.2 billion privatization of Versacold Income Fund by Eimskip Holdings Inc., a wholly-owned subsidiary of Iceland’s Hf. Eimskipafelag Islands (Eimskip).  Vancouver based Versacold Income Fund is one of the largest public cold storage warehouse operators in North America with 49 facilities in Canada and the U.S., plus an additional 23 facilities in Australia, New Zealand and Argentina.

KingSett Acquires Interest in Independent Living Facilities in Okanagan Valley

KingSett Capital announced today that it has acquired, through its Prime Time Living LP joint-venture with Brujjon Real Estate Holdings Inc., The Orchard Valley Retirement Residence located in Vernon, BC; The Cherry Park Retirement Residence, located in Penticton, BC; and The Shores Retirement Residence located in Kamloops, BC.

Property management will be assumed by Crown Group Properties Inc.

KingSett Acquires Multi-Residential Portfolio, Ottawa

KingSett Capital announced today that is has acquired for its Real Estate Growth LP. No. 3, a multi-residential portfolio through its joint venture with Timbercreek Asset Management. The portfolio consists of 15 properties containing 1,220 residential units.

Project management will be assumed by Timbercreek Property Management.

KingSett Acquires Cambridge Corporate Centre Development, Cambridge

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 3, an interest in a 21 acre development project located in Cambridge, Ontario at the interchange of Hwy 401 and Townline Road.

This project is a joint venture with Belmont Equity Partners.

KingSett Sells Station Park, London

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in Station Park, an 117,000 square foot, mixed-use development to Davpart Inc.

KingSett Sells 225 Rexdale Blvd., Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in 225 Rexdale Blvd, a 303,724 square foot industrial building to Sun Life Assurance Company of Canada.

KingSett Sells 30 St. Clair Avenue West, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, 30 St. Clair Avenue West, a 181,000 square foot office building located in mid-town Toronto to Dundee REIT.

KingSett Sells 55 St. Clair Avenue West, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, 55 St. Clair Avenue West, a 254,000 square foot office building located in mid-town Toronto to Dundee REIT.

KingSett Acquires Laval Retail Development Site, Laval , Quebec

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, a 26 acre retail power centre development site located on the east side of Highway 15 and fronting onto Boulevard Le Corbusier in Laval.

KingSett Sells 2891 Sunridge Way NE , Calgary

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 2, its interest in 2891 Sunridge Way NE, an 88,000 square foot office building located in Calgary 's Sunridge Business Park to Dundee REIT.

KingSett Finances Privatization of Atlas Cold Storage

KingSett Capital announced today that it has structured and financed the $585 million privatization of Atlas Cold Storage by Eimskip Atlas Canada Inc., a wholly owned subsidiary of Iceland’s Avion Group. Toronto based Atlas Cold Storage is North America’s second largest public cold storage warehouse operator with 52 facilities in Canada and the U.S.

KingSett Acquires Interest in St. Jacobs Retirement Residence

KingSett Capital announced today that it has acquired, through its PrimeTime Living LP joint-venture with Brujjon Real Estate Holdings Inc., St. Jacobs Retirement Residence, located in St. Jacobs, Ontario.

Property management will be assumed by Crown Group Properties Inc.

KingSett Acquires Dundarave Village, Vancouver

Building on the KingSett and Vancouver Pacific relationship, VanStreet LP is pleased to announce its first acquisition of Dundarave Village, a mixed-use development site located on Marine Drive in West Vancouver.

KingSett Capital and Vancouver Pacific form VanStreet LP

KingSett Capital and Vancouver Pacific Development Corporation announced today that they have formed a Limited Partnership to pursue retail development opportunities in Western Canada.

KingSett Acquires 3000 Rue Cartier, Ste. Hyacinthe

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 50% interest in 3000 Rue Cartier. This 400,000 square foot industrial building is located 30 minutes outside of Montreal on the south shore.

Olymbec Investments Ltd. has acquired the other 50% interest and will provide property management and leasing services.

KingSett Acquires 17600 Trans-Canada Highway, Kirkland, Quebec

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, 17600 Trans-Canada Highway, a 140,000 square foot industrial building for redevelopment on 500,000 square feet of land located in Kirkland, Quebec.

This project is a joint venture with the development arm of Broccolini Construction Inc. Property management, leasing and administration will be assumed by Broccolini Greenbaum Management.

KingSett Acquires 320 Matheson Boulevard West, Mississauga

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 320 Matheson Boulevard West. This 91,000 square foot office building is located in the heart of Mississauga.

Property management will be assumed by CB Richard Ellis Limited.

KingSett Acquires Interest in Senior and Independent Living Facilities

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, an interest in four senior housing projects in a joint venture with Retirement Life Communities. The portfolio consists of two existing facilities and two development projects located in Ontario.

Property management will be assumed by Retirement Life Communities.

KingSett Sells Place du Canada, Montreal

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, Place du Canada, a 392,000 square foot office building located in downtown Montreal, Quebec to Credit Suisse Real Estate Fund International.

KingSett Sells 7455-7465 Birchmount Road, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in 7455-7465 Birchmount Road, a 291,000 square foot industrial building to CREIT.

KingSett Acquires 501 Lakeshore Road East, Mississauga

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 501 Lakeshore Road East. This 364,000 square foot, industrial building located in south Mississauga was acquired with mortgage financing provided by The Equitable Trust Company.

Property management will be assumed by CB Richard Ellis.

KingSett Acquires Interest in Senior and Independent Living Facilities

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 50% interest in four senior housing projects in a joint venture with Brujjon Real Estate Holdings, through a newly formed entity, PrimeTime Living Limited Partnership. The portfolio consists of one existing and three development facilities located in Ontario and B.C.

Property management will be assumed by Crown Group Properties Inc.

KingSett Acquires 555 Avenue Lee, Montreal

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 555 Avenue Lee. This 210,000 square foot industrial property is located in Baie D'Urfe, Quebec.

Property management and leasing will be assumed by Colliers.

KingSett Sells 165 Bethridge Road, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in 165 Bethridge Road, an 111,000 square foot industrial building in Toronto.

KingSett Sells Palliser Square, Calgary

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, Palliser Square, a 613,000 square foot office/retail complex and the Calgary Tower located in downtown Calgary, Alberta to Palliser Square Limited Partnership.

KingSett Sells 34th Street Business Centre, Edmonton

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in 34th Street Business Centre, a 143,000 square foot suburban office property in Edmonton to London Life Insurance Company.

KingSett Acquires Millstream Village Development, Victoria

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in Millstream Village. This 264,000 square foot, retail power center under development in the Langford area of Victoria was acquired with construction financing provided by Royal Bank.

Vancouver Pacific Development Corporation is acting as development and leasing manager.

KingSett Acquires 725-747 Monaghan Road, Peterborough

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 725-747 Monaghan Road. This 274,000 square foot, industrial building is located adjacent to Lansdowne Place shopping mall.

Property management will be assumed by 20 Vic.

KingSett Acquires 4500 rue Cousens, St. Laurent

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 4500 rue Cousens. This 98,000 square foot industrial building located in Ville St. Laurent, Quebec was acquired with mortgage financing provided by TD.

Property management will be assumed by Arcturus Realty Corporation with leasing services supplied by Colliers.

KingSett Acquires 55 Horner Avenue, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, 55 Horner Avenue in a joint venture with Gibbs Enterprises Ltd. This 93,000 square foot, industrial/office building is located in south Etobicoke.

Property management and leasing will be assumed by CB Richard Ellis.

KingSett Acquires 111 Grangeway Avenue, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 111 Grangeway Avenue. This 76,000 square foot, office building located in the heart of Scarborough 's shopping and business district was acquired with mortgage financing provided by GMAC.

Property management will be assumed by Compass Commercial Realty with leasing services supplied by CB Richard Ellis.

KingSett Sells Bethridge Road Properties, Toronto

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in four industrial buildings on Bethridge Road and a retail property on Rexdale Boulevard to various private buyers.

KingSett Sells Place du Royaume, Chicoutimi

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, Place du Royaume, a 600,000 square foot regional shopping centre located in Chicoutimi, Quebec to Primaris Retail REIT.

KingSett Acquires 8800 Glenlyon Parkway, Burnaby

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 8800 Glenlyon Parkway. This 141,284 square foot office building located in the Glenlyon Business Park in south Burnaby was acquired with mortgage financing provided by a major institutional investor.

Property management will be assumed by Colliers.

KingSett Acquires Norelco Industrial Portfolio, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 20 Norelco Drive, 40 Norelco Drive and 83 Signet Drive. This 624,786 square foot industrial property is located on the west side of highway 400, just north of Finch.

Property management will be assumed by Arcturus Realty Corporation.

KingSett Sells Joffre Place, Calgary

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in Joffre Place, a 104,000 square foot office building in Calgary to Dundee REIT.

KingSett Acquires 2891 Sunridge Way NE, Calgary

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, 2891 Sunridge Way NE in a joint venture with Citium Enterprises. This 91,000 square foot office building located in Calgary 's Sunridge Business Park was acquired with mortgage financing provided by GE.

Property management will be assumed by NewWest Enterprise and leasing services supplied by Avison Young.

KingSett Acquires 130 Bloor Street West, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 2, a 100% interest in 130 Bloor Street West. This 191,000 square foot, mixed-use building located in Toronto's Yorkville node was acquired with mortgage financing provided by Manulife.

Property management will be assumed by Canderel Stoneridge Equity Group Inc. with office leasing services supplied by CB Richard Ellis.

KingSett Acquires 150 Montreal-Toronto Blvd., Montreal

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, 150 Montreal-Toronto Blvd. in a joint venture with I.G. Realty Investments Inc. This 869,000 square foot industrial building located in the Lachine Borough of Montreal was acquired with mortgage financing provided by RBC Capital Markets.

Property management will be assumed by Arcturus Realty Corporation and leasing services supplied by Giffels Management Limited.

KingSett Acquires 6767 Leger Boulevard, Montreal

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, a 50% interest in 6767 Boulevard Leger. This 474,000 square foot industrial building is located in Montreal-Nord.

Olymbec Investments Ltd. has acquired the other 50% interest and will provide property management and leasing services.

KingSett Acquires 5760-9th Street SE, Calgary

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, 5760-9th Street SE in a joint venture with Citium Enterprises. This 177,000 square foot industrial building located in Calgary 's central industrial district was acquired with mortgage financing provided by Manulife.

Property management will be assumed by Humford Management Inc. with leasing services supplied by Colliers.

KingSett Acquires Terrarium Shopping Centre, Pointe Claire

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, an 80% interest in Terrarium Shopping Centre, Pointe Claire, Quebec. The 333,000 square foot property, anchored by Zellers, is primarily retail combined with 57,000 square feet of low-rise office. Mortgage financing was provided by Standard Life Assurance Company and GMAC Commercial Mortgage of Canada, Limited.

Abacus Real Estate Investments Ltd., an affiliate of the other co-owner, will provide leasing and development services for the planned redevelopment.

Property management will be provided by Arcturus Realty Corporation.

KingSett Acquires Petroleum Plaza, Edmonton

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, a 100% interest in Petroleum Plaza. This 305,000 square foot, 14-storey office building located near the Alberta Legislature in Edmonton was acquired with mortgage financing provided by a major institutional investor.

NewWest Enterprise will manage and lease the project.

KingSett Sells Edmonton Sun Building, Edmonton

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in the Edmonton Sun Building, a 206,000 square foot suburban office property in Edmonton to Berezan Investments Inc.

KingSett Sells ParkWest Business Centre, Edmonton

KingSett Capital announced today that it has sold, on behalf of its Real Estate Growth LP No. 1, its interest in ParkWest Business Centre, a 154,000 square foot suburban office property in Edmonton to the Standard Life Assurance Company.

KingSett Acquires Rexdale Industrial Portfolio, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, a 50% interest with Clarke Inc. in seven industrial buildings and a retail pad site on Rexdale Boulevard and Bethridge Road with mortgage financing by RBC Capital Markets. The properties consist of a new state of the art 304,000 square foot high cube facility with the remaining being single tenant industrial buildings ranging in size from 40,000 to 141,000 square feet.

Property management and leasing will be assumed by Arcturus Realty Corporation.

KingSett Acquires Station Park, London

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, Station Park, in a joint venture with ICORR Properties Management Inc. This 117,000 square foot, mixed-use development located in London 's “Richmond Row” midtown shopping and business district was acquired with mortgage financing by Merrill Lynch.

ICORR Properties Management Inc. will assume property management and leasing.

KingSett Acquires Lansdowne Place, Peterborough

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, Lansdowne Place. This 168,406 square foot enclosed, split-level mall centrally located at the corner of Lansdowne and Monaghan was acquired with mortgage financing by RBC Capital Markets and Great West Life.

Property management and leasing will be assumed by 20 Vic.

KingSett Acquires 2233 Sheppard Avenue West, Toronto

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, 2233 Sheppard Avenue West. This 1,123,039 square foot industrial/retail building is located at Highway 400 and Sheppard Avenue with Airport and 400 series highways within close proximity. The property includes 16 acres of additional development land. Mortgage financing was provided by GE.

Property management will be assumed by Arcturus Realty Corporation.

KingSett Acquires Joffre Place, Calgary

KingSett Capital announced today that it has acquired for its Real Estate Growth LP No. 1, Joffre Place, in a joint venture with Lotus Pacific Holdings. This 104,000 square foot, 6-storey office building located in Calgary's beltline district just south of the city's downtown core was acquired with mortgage financing arranged through Merrill Lynch.

Lotus Pacific Holdings, whose principal is Shenoor Jadavji, will be the asset manager, CB Richard Ellis will be the property manager and leasing will be done by Colliers.

KingSett Acquires 30 St. Clair Avenue West, Toronto

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a 100% interest in 30 St. Clair Avenue West . This 181,000 square foot 17-storey office building located in mid-town Toronto was acquired with mortgage financing provided by Manulife.

Property management will be assumed by Arcturus Realty Corporation with leasing services supplied by CB Richard Ellis.

KingSett Acquires Palliser Square, Calgary

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a 100% interest in Palliser Square. Palliser Square is comprised of One Palliser Square, a 369,000 square foot office building, Tower Centre a 244,000 square office/retail building, a 1,374 stall parkade and the 626-foot high Calgary Tower. Palliser Square is located in downtown Calgary and mortgage financing was provided by GE.

Property management and leasing will be assumed by Bentall Real Estate Services.

KingSett Acquires 5900 Finch Avenue, Toronto

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a 100% interest in 5900 Finch Avenue East, a fully leased office/industrial building. Mortgage financing was provided by GE for this 166,000 square foot building.

Property management will be assumed by Arcturus Realty Corporation.

KingSett Acquires 55 St. Clair Avenue West, Toronto

KingSett Capital announced today that is has acquired, for its Real Estate Growth LP No. 1, a 100% interest in 55 St. Clair Avenue West. This 254,000 square foot 9-storey office building located in mid-town Toronto was acquired with mortgage financing provided by GE.

Property management will be assumed by Arcturus Realty Corporation and leasing services supplied by CB Richard Ellis.

KingSett Acquires 7455-7465 Birchmount Road, Toronto

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a two-thirds interest in 7455-7465 Birchmount Road, a fully leased industrial building, leased by Autoliv Electronics Canada Inc. and KingSett's one-third partner, Belle-Pak Packaging Inc. This 291,000 square foot, industrial building was acquired by KingSett and its partner with mortgage financing provided by Maritime Life.

Property management will be assumed by O&Y Enterprise.

KingSett Acquires 44 Capital Boulevard, Edmonton

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a 100% interest in 44 Capital Boulevard. This 375,000 square foot, Class A office building, located in the heart of Edmonton's government district, was acquired with mortgage financing provided by Maritime Life.

Property management will be assumed by NewWest Enterprise and leasing services supplied by Avison Young.

KingSett Acquires Place du Royaume

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a 100% interest in Place du Royaume with mortgage financing provided by CDP Capital.

Place du Royaume is a 600,000 square foot regional shopping centre located in Chicoutimi, Quebec and is the leading centre in the Saguenay trade area. Anchored by Wal-Mart, the Bay and Canadian Tire, other key tenants include Future Shop, Sports Experts and Pharmaprix.

20 Vic will assume the property management and leasing consistent with the Strategic Alliance announced in March 2003.

KingSett Acquires Place du Canada, Montreal

KingSett Capital announced today that it has acquired, for its Real Estate Growth LP No. 1, a 100% interest in Place du Canada, 1010 de la Gauchetiere West. The 392,000 square foot office building located in downtown Montreal was acquired with mortgage financing provided by CDP Capital.

Property management and leasing will be done by Canderel Management.

KingSett Capital and Citium Enterprises acquire 500,000 square foot Edmonton Portfolio

KingSett Capital today announced it has acquired a 500,000 square foot portfolio of suburban office and commercial properties in Edmonton in a joint venture with Citium Enterprises. The portfolio, acquired from two vendors, includes the ParkWest Business Centre, the Edmonton Sun Building and the 34th Street Business Centre.

Citium Enterprises, whose principal is Peter Stevenson, will be the asset manager, Humford Management Inc. will be the property manager and leasing will be done by Royal LePage for the ParkWest Business Centre and the Edmonton Sun Building and NAI Realty will be responsible for the 34th Street Business Centre.

KingSett Closes Mezzanine Loan

KingSett Capital today announced it closed a mezzanine loan to NWVP (1980 Matheson) Holdings Ltd. secured by the property at that location in Toronto. 1980 Matheson is a 155,000 square foot property recently acquired by NorthWest Value Partners Inc. who has effected the lease-up and is in process of completing the necessary work to facilitate its new tenants to move-in. KingSett looks forward to expanding its relationship with NorthWest in the months ahead.

KingSett Capital and 20 Vic strike Strategic Alliance to pursue Retail Opportunities

KingSett Capital and 20 Vic have formed a Strategic Alliance to pursue a retail investment strategy, where they intend to work together to primarily pursue acquisitions of strong regional shopping centres in mid-tier and secondary Canadian markets. The venture will target investments in enclosed shopping centres of 400,000 to 800,000 square feet of GLA where a focused leasing strategy combined with strategic capital enhancements can effect significant income growth.

The alliance was struck to combine KingSett’s capital base and investment expertise with 20 Vic’s leading leasing, development and operating expertise in creating value in enclosed shopping centres.