Bridgwater Commercial Lands

Private Pension Partners Inc. (“P3”) on behalf of Growth Fund Two and alongside one of our major pension fund co-investors is pleased to announce the 100% acquisition of the Bridgwater Commercial Lands development site. Located along Kenaston Boulevard in the heart of Bridgwater Centre, the flexibility of this MMU-zoned and serviced site presents an exciting opportunity for suburban office and commercial flex development recognizing the desirability of the southwest quadrant of the city as demonstrated through low historical vacancy rates and current tenant demand. The Bridgwater trade area is experiencing rapid development with the expansion of surrounding residential neighbourhoods and the proposed Waverly West “B” land assembly as well as the ongoing commercial development throughout Bridgwater Centre including the future $30 million, 80,000 square-foot Altea Active Club directly adjacent to P3’s newest asset. P3 believes that this site will provide an exciting opportunity to build a “best-in-class” suburban office and commercial flex development conducive for the Growth Fund Two’s long-term capital growth strategy.