04 Nov Press Release: Kaneff Acquires Two Buildings in the Heartland Business Community
FOR IMMEDIATE RELEASE
Kaneff Group Acquires 5770 Hurontario St. & 25 Milverton Dr. in Mississauga, Ontario
Located in the Heartland Business Community and just south of HWY 401, Kaneff Group’s latest acquisition boasts nearly 252,000 sq ft of property on just under 11 acres of land
BRAMPTON, Ontario (November 4, 2022) – Kaneff Group has announced it has closed on the acquisition of 5770 Hurontario Street and 25 Milverton Drive located in Mississauga, Ontario.
The acquisition is comprised of two properties: 5770 Hurontario, an 11-storey, CLASS ‘A’, LEED Silver certified office building, features an average floorplate of 22,500 sq ft to accommodate corporate tenants. 25 Milverton, sized at 10,500 sq ft, has been occupied by RBC as a full-service bank branch for over 30 years. Located in one of Canada’s most prestigious suburban office nodes, this central location allows for high visibility and offers easy access to 400-series highways, the new Hurontario LRT, Pearson Airport and local transit systems.
“We are excited to acquire this dynamic asset in the heart of Mississauga’s corporate district,” said Didi Kaneff, President of Kaneff Group. “These assets are a compelling addition to our portfolio and align with Kaneff Group’s objective to reposition well-located office properties in a core market. Our plan for 5770 Hurontario is to attract top businesses and talent, fostering job growth in the City of Mississauga and Peel Region, while maintaining a robust relationship with our current and loyal tenants.”
About Kaneff Group
Kaneff Group is an established real estate developer, builder, and property manager within the GTA and the Golden Horseshoe Area, with over 70 years of building and delivering exceptional quality and service to its customers. A BILD member for 63 years, Kaneff Group builds high and low-rise homes, develops and manages commercial plazas and office centres, and manages its own public golf courses in Ontario. The Company is further recognized for its corporate citizenship, philanthropic initiatives and being an integral part of Peel Region’s economic growth.
Asia Dizon, Marketing Manager