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- Harnessing the Power of Sunlight at Kanata Lakes
Using solar photovoltaic technology to boost energy efficiency, lower electricity costs and enhance climate resilience Kanata Lakes, a luxury residential complex in Ottawa’s west end, is taking advantage of solar photovoltaic (“PV”) technology to boost energy efficiency, lower electricity costs for tenants and enhance climate resilience. Home to 731 residential and four commercial units, the property offers amenities such as in-suite laundry and exclusive access to a private clubhouse with a saltwater pool and gym. With its prime location near parks, shopping and entertainment, Kanata Lakes is well-positioned for sustainable upgrades that support both tenant satisfaction and environmental goals. The installation of solar PV systems on two newly roofed buildings will be supported by the Ottawa DER Large Solar PV Funding Incentive, which improves the project’s return on investment when systems are designed for self-consumption. This initiative reflects a forward-looking approach to combining sustainability with economic efficiency in multi-residential real estate.
- KingSett Capital And Oliver & Bonacini Celebrate Grand Opening of SixtyEight
World-Class Event and Tenant Amenity Space on the Top Floor of Scotia Plaza Toronto, ON; September 10, 2025 – KingSett Capital and premier restaurant, event group and caterer Oliver & Bonacini (“O&B”) announced today the grand opening of SixtyEight, a 20,000-square-foot meeting and event space overlooking Toronto’s financial district from the top floor of Scotia Plaza. With sweeping, sky-high views, sleek contemporary design, and an exclusive O&B experience, SixtyEight offers an unforgettable setting for milestone moments and corporate occasions. The new space includes a 10,000-square-foot meeting and event space available to both tenants and outside parties and a 10,000-square-foot exclusive tenant amenity area. SixtyEight’s crown jewel is Cirrus Ballroom, accommodating up to 250 guests reception-style and 200 seated for corporate gatherings, galas, weddings and town halls. SixtyEight also features dedicated amenities for Scotia Plaza tenants, including a café and bar managed by Oliver & Bonacini and a variety of sophisticated meeting rooms, creating a dynamic hub for productivity, connection, and casual socializing. Additional meeting spaces also offer opportunities for intimate, chef-driven dinners with dramatic views of the CN Tower and Toronto skyline. These tenant-only amenities are designed to support the evolving workplace, blending premium service with function and flexibility. William Logar, Chief Asset Management Officer at KingSett Capital, said, “The opening of SixtyEight highlights our ongoing focus on improving our assets and providing tenants with extraordinary experiences. SixtyEight sets a new standard for office tenant amenities and elevated public events in Toronto’s financial district.” Natalie Stanbra, National Director of Event Sales, Oliver & Bonacini, said, “SixtyEight has come to life exactly as we imagined—a true game-changer for Toronto’s event scene. From the moment guests step off the elevator, they’re greeted by jaw-dropping views, sleek design, and a sense of occasion that’s both modern and timeless. Every detail reflects the hospitality and service Oliver & Bonacini is known for, and we’re thrilled to open the doors to this extraordinary space in partnership with KingSett Capital.” Located in the heart of Toronto’s Financial District, Scotia Plaza is a Class ‘AAA’ office complex comprised of three integrated buildings and over 2.2 million square feet of space. This complex is home to the global headquarters of Scotiabank and was the first major Zero Carbon – Performance Standard certified commercial building in Canada. Scotia Plaza is owned by KingSett Capital. Event inquiries and bookings are now being accepted for September 2025 and beyond —including holiday parties. Interested parties are invited to visit oliverbonacini.com/event-venues/sixtyeight to learn more and contact an Event Specialist. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About Oliver & Bonacini Founded in 1993 by Peter Oliver and Michael Bonacini, Oliver & Bonacini is recognized as one of Canada’s leading hospitality groups. With locations in Toronto, Montreal, Calgary, and Edmonton, O&B’s portfolio includes a diverse collection of unique and innovative restaurants, event venues, full-service catering arms, and several strategic partnerships. Media Contacts KingSett Capital Madi Mills madi.mills@edelmansmithfield.com O&B Hospitality Margot Reilly margot.reilly@oliverbonacini.com
- KingSett Capital’s Global Real Estate Sustainability Benchmark 2023 Results
Assessment ranks KingSett a Canadian sector leader for CREIF KingSett is pleased to share its Global Real Estate Sustainability Benchmark 2023 results for our $5B core income fund: 2nd in the North America Diversified Office/Residential/Non-listed sector for our Standing Investments 1st and Global Sector Leader in the Residential/Non-listed/Core sector for the Development Benchmark We remain on track to reducing carbon emissions by 35% of 2019 baseline emissions across this portfolio by 2027, with two office properties receiving Canada Green Building Council Zero Carbon Performance Standard Certification this year, taking our net zero carbon footprint to over 2.1M square feet. About GRESB Global Real Estate Sustainability Benchmark Report (“GRESB”) is the global industry standard for ESG benchmarking. It assesses and compares the management attributes and performance across real estate companies (public, private and direct) globally. GRESB collects information on material ESG issues aligned with what investors and the industry care about. In 2023, over 2,000 property companies, REITs, funds, and developers with USD 7.2 trillion in assets participated, covering 170,000+ assets across 75 countries.
- Historic Fairmont Royal York Receives Zero Carbon Building Certification
The transformative project provides a roadmap for completing innovative, complex and financially viable hotel deep carbon retrofits (Toronto, ON) November 15, 2023 – KingSett Capital and Fairmont Royal York announced today that the landmark hotel in Toronto, ON has received the Canada Green Building Council’s (“CAGBC”) Zero Carbon Building – Performance Standard certification. This $65 million project was completed after close to five years of detailed planning and execution. It will reduce over 7,000 tonnes of carbon annually or 80% of the hotel’s annual carbon emissions, the equivalent of taking 1,558 cars off the road. Jon Love, Founder and CEO of KingSett Capital, said, “Fairmont Royal York’s decarbonization demonstrates the potential to complete a large and complex project in a way that is environmentally impactful, socially responsible and economically viable. It is a compelling example of what can be accomplished through collaboration, innovation and creativity. For KingSett, this investment highlights how decarbonization can strengthen a key asset in our portfolio as part of our sustainability and value enhancement strategy.” “This complex project would not have been possible without our strong partnership with Fairmont Hotels & Resorts, the Canada Infrastructure Bank (“CIB”), PCL Construction, and Enwave Energy Corporation,” added Mr. Love. Edwin Frizzell, Regional Vice President, Central Canada and General Manager, Fairmont Royal York, said, “Fairmont Royal York achieving zero carbon certification is another transformative step in repositioning this unique icon in Toronto’s downtown core. Decarbonizing a 94-year-old heritage building and retrofitting the hotel’s energy systems to be highly energy efficient was a complex challenge. We’ve proven that it can be done.” “Our valued clients and partners with similar corporate sustainability objectives will benefit from access to hotel rooms and meeting and event spaces aligned with our focus on creating genuine experiences and implementing long-term sustainability actions that deliver results,” added Mr. Frizzell. This decarbonization project represents the largest heritage hotel retrofit of its kind within the Fairmont global brand portfolio and offers a definitive roadmap for creating sustainable energy sources for similar properties. With its unparalleled location in Toronto’s financial district and close proximity to Union Station, the hotel’s decarbonization initiatives make it the ideal partner for both leisure travelers and major businesses to align their sustainability goals when booking conferences, events, and guest room accommodations. As a destination committed to the local community, Fairmont Royal York employs over 1,200 colleagues and hosts 1.5 million guests annually, while championing the global brand’s sustainability efforts for diversity, equity and inclusion. In addition to achieving the CAGBC Zero Carbon Building – Performance Standard certification, the hotel has a broad range of other sustainability initiatives. These include eliminating single-use plastics for guests, reducing food waste with AI technology and donation partners, and supporting the local ecosystem with 500,000 honeybees from the hotel’s rooftop garden and apiary. These initiatives complement recent renovations to Fairmont Royal York’s lobby, guestrooms, Fairmont Gold offering, award-winning dining venues and event spaces and enhance this destination’s global consumer appeal as a world-class luxury hotel in Canada’s financial centre. Fairmont Royal York achieving the annual CAGBC Zero Carbon Building – Performance Standard certification demonstrates how partnership between the private and public sectors can meaningfully accelerate action towards meeting Canada’s carbon reduction commitments. The project was supported by the CIB’s Building Retrofits Initiative, which provided $46.5 million in debt financing. The Zero Carbon project advances KingSett’s sustainability strategy and leadership in the Canadian real estate market while adding strength and resilience to one of KingSett’s key assets. It adds to KingSett’s broader decarbonization strategy of decarbonizing over 5.4 million square feet of Canadian real estate, reducing 35% of carbon emissions over 2019 baseline by 2027 in its core fund. Additional Details The Fairmont Royal York decarbonization project will remove over 165,000 tonnes of carbon emissions from execution in 2023 to 2050. The reduction of carbon emissions will generate over 35% of utility savings in the first year. All spending and project impacts were independently verified through the CAGBC’s Investor Ready Energy Efficiency (“IREE”) certification program. All carbon emission reductions will be independently monitored and verified annually by a third party as required by CIB and CAGBC. The building’s path to the CAGBC’s Zero Carbon Building – Performance Standard certification was achieved by: Detailed study and analysis of building energy load, seeking to effect meaningful efficiencies, Converting heating and domestic hot water from steam to electric heat pumps that utilize heat recovery from Enwave’s district energy network, Converting cooling from electrical/chillers to Enwave’s Deep Lake Water Cooling system, and Significantly improving energy efficiency with a centralized building automation system and smart technologies. The project has employed over 70,000 hours of labour, creating valuable job opportunities for skilled workers and showing how environmental responsibility and economic benefits can work hand in hand. About KingSett Capital Founded in 2002, KingSett Capital is a leading Canadian private equity real estate firm that co-invests with institutional and ultra-high net worth clients to deliver sustainable, premium risk-weighted returns. KingSett manages $18 billion in assets across its Growth, Income, Urban, Mortgage, Residential Development and Affordable Housing strategies. About Fairmont Royal York Timeless and iconic for 94 years, Fairmont Royal York celebrates a new era as Toronto’s landmark hotel. The stunning modern Art-Deco renovations to the grand lobby and new dining venues create an impressive welcome for guests. With contemporary railway-inspired design, CLOCKWORK Champagne & Cocktails hosts a bubbly cocktail offering with tasteful metropolitan fare. REIGN features three elevated dining experiences, as REIGN Restaurant showcases the bounty of Canada’s rich landscape, and REIGN Bar toasts to Toronto’s Jazz-Age revival with a prestigious wine list and live entertainment, while REIGN Bakery creates a charming morning ritual with artisanal-roasted coffee and freshly baked goods. Renowned as the city’s cocktail den, the legendary Library Bar serves the Birdbath Martini crafted as a masterpiece. A refined oasis, Fairmont Gold is a boutique getaway featuring elegantly appointed suites, premium services, and an exclusive 18th floor lounge. Fairmont Royal York is the city’s destination for glamorous wedding celebrations and inspiring events – embracing a legacy that is famous for generations. Media Contacts KingSett Capital David Ryan Managing Director, Edelman Smithfield T: 416 455 1927 E: david.ryan@edelmansmithfield.com Fairmont Royal York Jennifer Séguin Director of Marketing & Public Relations T: 416 458 0412 E: jennifer.seguin@fairmont.com
- KingSett's CEO on Leadership, CRE Investment & Lessons Along the Way
Rob Kumer joins inaugural Tales from Movers & Influencers podcast episode In this episode of TMI | Tales From Movers & Influencers, host Leanne Dufault sits down with Rob Kumer, KingSett Capital CEO. Rob shares his 20-year journey from analyst to CEO, opening up about leadership, optimism through market cycles, and how KingSett’s focus on Canadian relationships has been its competitive edge. The conversation blends tactical insight with personal philosophy, making this a must-listen for anyone in real estate, business, or leadership. Topics include: How KingSett grew into a national platform Why KingSett remains 100% focused on Canada Humility, hunger, and how not to get complacent Rob’s views on market cycles, political barriers, and economic policy The impact of mentorship and learning how to lead Personal growth, stand-up comedy, and staying uncomfortable Advice for the next generation of leaders Visit TMI | Tales From Movers & Influencers on Youtube or listen to full episodes on Spotify . Content Credit: Spacebound Productions
- Decarbonization at Atrium Continues
Atrium joins Enwave’s Deep Lake Water Cooling system, reducing emissions and advancing KingSett’s sustainability and decarbonization strategy Atrium, a 1 million square feet Class A office and retail complex in Toronto, is now connected to Enwave’s Deep Lake Water Cooling (“DLWC”) system, as part of KingSett’s broader sustainability and decarbonization efforts. By using cold water from Lake Ontario, the system provides efficient, low-carbon cooling, significantly reducing the building’s energy use and greenhouse gas emissions. As the largest system of its kind in the world, DLWC serves much of downtown Toronto, including other KingSett-owned properties such as Fairmont Royal York Hotel, 700 Bay St. and 77/99 Gerrard St. This connection supports not only KingSett’s Sustainable Investing Strategy but also contributes to the city’s broader climate action goals by helping lower the carbon footprint of Toronto’s building stock.
- Sustainability and Leasing Success in Vancouver’s Premier Office Market
Arthur Erickson Place Named after the renowned Canadian architect that designed the building, Arthur Erickson Place (“AEP”) is a 355,000 square feet, 26-storey, Class ‘A’ office building located on public transit in the heart of downtown Vancouver’s Central Business District. KingSett’s Canadian Real Estate Income Fund (“CREIF”) acquired the building in 2019 in partnership with Crestpoint Real Estate Investments and Reliance Properties and received its Zero Carbon Building – Performance certification in 2023. The past 15 months have been focused on addressing a significant leasing challenge, after a key 75,000 square foot tenant moved out in December 2023. With five full floors of vacancy in a challenging market, KingSett turned to its ‘Ready Set Go’ (“RSG”) strategy to support leasing efforts. RSG involves breaking up full floors into smaller suites and building move-in ready furnished spaces for tenants. RSG deals achieve higher rents, shorter downtime and a cost of construction similar to market tenant inducements in Vancouver. The team has since leased 41,000 square feet or 55% of the space to date, including converting one whole floor to six fully leased RSG suites. In addition, a second floor with six RSG suites is currently under construction and targeting completion in August 2025. Two of these suites are conditionally leased and another two have offers. The RSG program has added new tenants and rates that are 20% higher than conventional (non-RSG) leases, all while decreasing single tenant concentration risk and improving asset resilience. In 2023, the culmination of a three-year project, decarbonization was completed and Arthur Erickson Place became KingSett’s first asset outside Toronto to achieve the Zero Carbon Building – Performance Standard certification. The project involved innovative retrofitting, including optimized HVAC controls, new electric boilers, heat pumps and air handling units. The sustainable mechanical upgrades offer efficiency, comfort and control on par with brand new buildings, reduced operating costs for tenants, and will lead to a 97% reduction in carbon emissions from the building by 2026. Since certification, we have completed two deals for 17,000 square feet where decarbonization was a central factor in the decision-making process. Winning assets continue to be differentiated by location, amenities, sustainability initiatives and lease flexibility and the strategic capital investment at Arthur Erickson Place has made the property more competitive in the Vancouver market. The property stands at 88.1% committed today with a path to increase as we finish construction on high-demand RSG suites. Vancouver is the tightest office market in North America and no supply is expected to be added in the foreseeable future, which will drive tenant demand to quality assets such as Arthur Erickson Place.
- Partners Invested in Sustainability
CIB Supports KingSett’s Net-Zero Building Transition With $47 Million Investment The Canada Infrastructure Bank (“CIB”) is supporting KingSett Capital’s efforts to accelerate the reduction of greenhouse gas emissions in buildings across Toronto and Vancouver with a $47 million loan. This funding will enable green retrofits in commercial properties within KingSett’s portfolio. Through this collaboration, KingSett will deliver large-scale energy efficiency and decarbonization upgrades, while also enhancing its ability to pursue further carbon reduction measures. These efforts are a key part of KingSett’s Sustainable Investing Strategy, which includes science-based targets to reduce carbon emissions by 35% by 2027 and 67% by 2035 from our 2019 baseline. CIB’s investment represents a meaningful step toward achieving those goals. “Our $47 million investment with KingSett Capital is an example of how we can work with the private sector to prioritize and accelerate the decarbonization of buildings across the country.” Ehren Cory, Chief Executive Officer, Canada Infrastructure Bank.








