765 Sterling Lyon Parkway, Winnipeg, Manitoba

Private Pension Partners Inc. (P3), on behalf of Growth Fund One and alongside one of our major pension fund co-investors is pleased to announce the 100% interest acquisition in the final development site of the Tuxedo Point lands with the planned construction of a “Best Age” apartment living complex to be known municipally as 765 Sterling Lyon Parkway. 765 Sterling Lyon Parkway will be developed into a premium six (6) storey, 99-unit, apartment complex located on the final 1.8-acre site at Tuxedo Point in the South Tuxedo neighbourhood, one of Winnipeg’s premier residential areas. The overall trade area is home to the new Seasons of Tuxedo commercial development, featuring local amenities including IKEA, Outlet Collection Winnipeg, multiple restaurants, shopping, banks, and future developments including Cineplex’s The Rec Room. This purpose-built apartment asset will provide residents with condo-like quality and larger lifestyle living spaces offering a balanced mix of one-bedroom (35) and two-bedroom (64) units ranging in size from 795-945 square feet for the spacious one-bedroom suites and 1,058-1,631 square feet for the premium two-bedroom suites.  Further helping elevate this rental from a typical apartment are modern amenities including heated underground parking, private fitness facility, dog wash station, private balconies, event room, and tenant common areas. P3 believes that this investment will be appealing to a diverse tenant base from millennials to seniors and retirees and will most importantly close out the broader Tuxedo Point development site.