Fengate closes on transit-oriented purpose-built rental site in Etobicoke
Adding to its growing multi-family portfolio, Fengate is managing this investment on behalf of the
LiUNA Pension Fund of Central and Eastern Canada
('LiUNA'), as well as another Canadian pension fund.
Set to begin construction in 2026, the site is zoned for a 44-storey, 509-unit residential tower which will offer a range of units from studios to three-bedroom units within a modern, connected, and community-focused living experience in one of Toronto's most rapidly transforming neighbourhoods. Located at the intersections of Dundas Street West, Bloor Street West, and Kipling Avenue, the site is well positioned with direct access to TTC subway lines, GO Transit, and MiWay bus services, providing seamless connectivity across the Greater Toronto and Hamilton Area (GTHA).
'We are proud to partner on another development that will introduce more high quality purpose-built rental homes to the city and create jobs for skilled trades workers,' said Joseph Mancinelli, International Vice President and Regional Manager for Central and Eastern Canada and Chair of the Board of Trustees at LiUNA. 'Through each new project, we are advancing LiUNA's mission of building up stronger communities and enhancing the quality of life for Canadians while generating positive financial returns for the members of LiUNA.'
4–10 Beamish Drive will complement the broader Six Points Redevelopment Plan, a transformative initiative by the City of Toronto that aims to improve roadways, pedestrian and cycling infrastructure, and create mixed-use destinations such as the new Etobicoke Civic Centre, which includes a library, art gallery, childcare centre, and recreation facilities. The Plan also adds over 12,000 square metres of new parkland, including Dunkip Park, and features a district energy system for near-zero emissions.
'This development represents a significant step forward in our commitment to delivering dynamic, transit-connected rental housing in vibrant urban communities,' said Jaime McKenna, President, Fengate Real Estate. 'With its proximity to major transit, retail, and civic amenities, 4–10 Beamish Drive is poised to become a cornerstone of the Six Points neighbourhood revitalization, creating more jobs and bringing more homes to Toronto's housing market.'
4–10 Beamish Drive will target the Toronto Green Standard for sustainable building design and LEED Silver certification, aligning with Fengate's mission of sustainable urban development and community integration.
With three residential developments in construction in the first half of 2025 and another three in construction before the end of the year, and a pipeline of over 25,000 residential units to be delivered over the next 10 years, Fengate is committed to providing a diverse range of best-in-class rental housing solutions to meet the needs of Canadians.
MEDIA CONTACT
Matthew Ventura
Director, Communications and Marketing, Real Estate
Fengate Asset Management
matthew.ventura@fengate.com
416-432-6194
About the LiUNA Pension Fund of Central and Eastern Canada
Established in 1972, the LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) is one of the largest multi-employer pension funds in Canada. With a diverse investment portfolio and over $12 billion in assets, LPFCEC has yielded positive returns for the plan, great work opportunities for LiUNA members, and has created many needed institutions across North America through a broad range of investments. Learn more at
lpfcec.org
.
About Fengate Asset Management
Fengate is a leading alternative investment manager, with more than $40 billion of assets under management, focused on infrastructure, private equity, and real estate strategies.
With offices and team members in Canada and the United States, Fengate has a proven track record of successful projects and partnerships and an established reputation as one of the most active real asset investors and developers in North America. Fengate Real Estate, a division of Fengate Asset Management, is a fully integrated real estate investment, development and asset management platform with a $20 billion portfolio, including a 25,000+ residential unit pipeline and 5M+ square feet of industrial space in varying stages of development. Learn more at
fengate.com
.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Dividend Investing: 10 Years From Now, You'll Be Glad You Bought These Magnificent Stocks
Written by Puja Tayal at The Motley Fool Canada Dividend investing has various options. There are dividend ETFs, dividend growth stocks, dividend reinvestment plans (DRIP), high-yield stocks, and some stocks that cut dividends. Each has its benefits and an investing strategy. The conundrum is identifying which strategy is right for your investing needs. If you are looking to build a sizeable passive income pool to supplement your income 10 years from now, these magnificent dividend stocks are worth considering. Two magnificent stocks that could give good passive income 10 years from now When you have time to stay invested, a low-yield stock with a high dividend growth rate can do wonders. goeasy stock goeasy (TSX:GSY) is a non-prime lender growing its business gradually in Canada while keeping credit risk in check. It is expanding its loan portfolio and allocating net interest income to reinvest in more loans and pay dividends. The size and risk of the loan portfolio determine its share price, and the total interest income earned determines the dividend amount. goeasy has been expanding successfully and growing dividends at a compounded annual growth rate (CAGR) of 30% in the last 11 years. The high growth rate comes with high risk. The company can slow or pause the dividend growth if loan defaults rise, as they did in the 2009 Global Financial Crisis. The lender did not grow dividends between 2009 and 2014, but neither did it cut dividends. Canada has capped the annual percentage rate (APR) at 35%, which has reduced goeasy's interest income slightly, but not much. However, it can continue delivering strong double-digit dividend growth, as the loan portfolio increases while the charge-off rate remains within the targeted range of 8–10%. Assuming goeasy grows its dividend at a 15% compounded annual growth rate (CAGR), the annual dividend can grow from $5.84 in 2025 to $6.72 in 2026 and $20.54 in 2034. A $20,000 investment today can buy you 106 shares of goeasy and earn you $711.90 in 2026 and $2,177.70 in 2034. Year goeasy's annual dividend per share at a 15% CAGR* Annual dividend income on 106 shares of goeasy 2025 $5.840 $619.04 2026 $6.716 $711.90 2027 $7.723 $818.68 2028 $8.882 $941.48 2029 $10.214 $1,082.70 2030 $11.746 $1,245.11 2031 $13.508 $1,431.88 2032 $15.535 $1,646.66 2033 $17.865 $1,893.66 2034 $20.544 $2,177.71 How to maximize your dividend income Many high-dividend growth stocks do not offer a dividend reinvestment plan (DRIP). They pay you dividends. Thus, one suggestion is to consider investing in them through a Tax-Free Savings Account (TFSA). The TFSA allows you to grow your investments tax-free. You can use the tax-free dividend income to buy shares of BCE (TSX:BCE). As no dividend tax is deducted in the TFSA, the entire amount can be reinvested. BCE stock The Canadian telco slashed its dividend for the first time in 17 years by 56% to $1.75 per share in 2025. The move was welcomed by investors as higher dividend payments of over 100% of free cash flow were weakening the balance sheet. The dividend cut and a change in the target dividend payout range to 40% to 55% of free cash flow will give the company financial flexibility to reduce debt and fund its business restructuring. BCE is moving aggressively from telco to techno and has made several acquisitions and partnerships in that regard. A reduction in debt, offloading of lower margin businesses, and entry into high margin businesses will help BCE grow its free cash flow significantly in the future. BCE offers a DRIP, and a dividend cut has reduced its yield to 5.4%. Now is a good time to start accumulating the telco's shares by reinvesting the goeasy dividend in a BCE DRIP. That way, you will compound your returns at two levels. Within the next 10 years, BCE could resume growing its dividends and expedite your compounding. Investor takeaway Investing in the right stocks at the right time can determine where you stand in your investing journey. A carefully crafted stock list can help you invest with confidence. The post Dividend Investing: 10 Years From Now, You'll Be Glad You Bought These Magnificent Stocks appeared first on The Motley Fool Canada. Where Should You Invest $1,000 Right Now? Before you put a single dollar into the stock market, we think you'll want to hear this. Our S&P/TSX market beating* Stock Advisor Canada team just released their Top Stocks for 2025 and Beyond that we believe could supercharge any portfolio. Want to see what made our list? Get started with Stock Advisor Canada today to receive all of our Top Stocks, a fully stocked treasure trove of industry reports, two brand-new stock recommendations every month, and much more. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Puja Tayal has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Yahoo
2 hours ago
- Yahoo
1 Pipeline Stock That's My Ultimate Energy Infrastructure Play
Written by Robin Brown at The Motley Fool Canada Pipelines have become a huge topic across Canada. With the prospect of tariffs from the U.S., Canada is aware of its need to get its energy to new markets. That could be a great opportunity for Canada's top energy infrastructure companies. Pembina Pipeline: An energy giant in Western Canada One company that stands out is Pembina Pipeline (TSX:PPL). It has a market cap of $29 billion. It is not the largest energy infrastructure play in Canada, but there are reasons why it might be preferred over other Canadian infrastructure stocks. A diverse asset base Firstly, Pembina has a great mix of assets. It has the assets Western Canadian energy producers need to get their energy to market. It has collection pipelines, natural gas processing and fractionation, storage, export terminals, and egress pipelines. Given how crucial its assets are, over 80% have long-term contracts. This helps provide a stable and predictable stream of baseline cash flows to the business. The contracted business helps offset the variability from energy commodity pricing. While it does have commodity exposure from its marketing business, any upside in energy prices go to the bottom line. This energy infrastructure player is not dependent on energy prices to succeed. A resilient dividend Secondly, Pembina has an incredibly resilient dividend. PPL stock yields 5.6% today. It's an attractive rate for such a high-quality business. Pembina's dividend is widely supported by its fee-based earnings alone. Its payout ratio sits at 48%, so it has a wide margin of safety. It even maintained its dividend in 2020, even when energy prices turned negative. Since 2020, Pembina has delivered modest annual dividend growth (3–5% per year). Growth to come from LNG Thirdly, Pembina has an attractive growth pipeline. It has commenced construction on the Cedar Liquified Natural Gas (LNG) export terminal in Kitimat, B.C. This will be one of only a few approved LNG terminals that is in construction. The company has already seen strong demand from energy suppliers to contract their output to Asian markets. Pembina has a great record of executing projects on time and on budget. This massive project is likely to be the same. The best part is that Pembina plans to build Cedar without any equity dilution. Despite its growing dividend and list of capital projects, it expects to fund its growth with modest debt and internally generated cash flows. Pembina has one of the best balance sheets in the energy infrastructure business. Its debt-to-earnings before interest, tax, depreciation, and amortization (EBITDA) ratio sits at around 3.5 times. Many peers trade at more than 4–5 times debt-to-EBITDA. As a result, it can afford to increase its debt levels for essential projects like Cedar LNG. Once Cedar comes online, its leverage will likely pull back quickly as that asset begins generating strong free cash flows. Attractive valuation for an energy infrastructure stock Pembina trades for an enterprise value-to-EBITDA of 10.5. That is two churns lower than Enbridge and TC Energy. Yet, it has a better balance sheet and more attractive long-term growth prospects. Historically, PPL traded on par with these peers. If it can continue to execute its growth plan, there is no reason it shouldn't trade up a turn or two. For a steady business with an attractive dividend, Pembina Pipeline is a top energy infrastructure stock. As Canada looks for new egress alternatives, it is in a prime position to continue growing its base of essential energy infrastructure assets. The post 1 Pipeline Stock That's My Ultimate Energy Infrastructure Play appeared first on The Motley Fool Canada. Should you invest $1,000 in Pembina Pipeline right now? Before you buy stock in Pembina Pipeline, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and Pembina Pipeline wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $24,927.94!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 30 percentage points since 2013*. See the Top Stocks * Returns as of 6/23/25 More reading 10 Stocks Every Canadian Should Own in 2025 3 Canadian Companies Powering the AI Revolution A Commonsense Cash Back Credit Card We Love Fool contributor Robin Brown has no position in any of the stocks mentioned. The Motley Fool recommends Enbridge and Pembina Pipeline. The Motley Fool has a disclosure policy. 2025 Sign in to access your portfolio
Hamilton Spectator
2 hours ago
- Hamilton Spectator
Koryx Copper Files Final Short Form Prospectus in Connection With $17.4 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) — Koryx Copper Inc. ('Koryx' or the 'Company') (TSX-V: KRY) is pleased to announce that it has filed and been receipted for a final short form prospectus dated July 28, 2025 (the 'Prospectus') in connection with its previously announced 'bought deal' public offering of 16,563,200 common shares (the 'Offered Shares') of the Company at a price of C$1.05 per Offered Share (the 'Issue Price') for aggregate gross proceeds to the Company of C$17,391,360 (the 'Offering'), as further described in the news releases of the Company dated July 9 and 10, 2025. In addition, the Company also granted the Underwriters (as defined below) an option (the 'Over-Allotment Option'), exercisable in whole or in part at any time and from time to time for up to 30 days following closing date, to purchase up to an additional 2,484,480 at the Issue Price for additional gross proceeds of up to C$2,608,704. The Underwriters have exercised the Over-Allotment Option in full. In connection with the Offering, the Company has entered into an underwriting agreement with Stifel Canada, as lead underwriter and sole bookrunner (the 'Lead Underwriter'), for and on behalf of a syndicate of underwriters that includes Beacon Securities Limited, Haywood Securities Inc., Research Capital Corporation, BMO Nesbitt Burns Inc., Red Cloud Securities Inc. and Ventum Financial Corp. (together with the Lead Underwriters, the 'Underwriters'). Delivery of the Prospectus and any amendment will be satisfied in accordance with the 'access equals delivery' provisions of applicable securities legislation. The Prospectus is accessible on SEDAR+ ( under the Company's issuer profile. An electronic or paper copy of the Prospectus and any amendment may be obtained, without charge, from Stifel Canada by email at ECM@ by providing Stifel Canada with an email address or address, as applicable. The Prospectus contains important, detailed information about the Company and the Offering. Prospective investors should read the Prospectus before making an investment decision. The Offering is subject to certain conditions including, but not limited to, the conditional approval of the TSX Venture Exchange, which it has granted to the Company. This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration requirements is available. About Koryx Copper Inc Koryx Copper Inc. is a Canadian copper development Company focused on advancing the 100% owned Haib Copper Project in Namibia whilst also progressing its two copper exploration licenses on the Zambian copper belt. Haib is a large, advanced (PEA-stage) copper/molybdenum porphyry deposit in southern Namibia with a long history of exploration and project development by multiple operators. More than 80,000m of drilling has been conducted at Haib since the 1970's with significant exploration programs led by companies including Falconbridge (1964), Rio Tinto (1975) and Teck (2014). Extensive metallurgical testing and various technical studies have also been completed at Haib to date. Additional studies are underway aiming to demonstrate Haib as a future long-life, low-cost, low-risk open pit, sulphide flotation copper project with the potential for additional copper production from heap leaching. Haib has a current mineral resource of 414Mt @ 0.35% Cu for 1,459Mt of contained copper in the Indicated category and 345Mt @ 0.33% Cu for 1136Mt of contained copper in the Inferred category (0.25% Cu cut-off). Mineralization at Haib is typical of a porphyry copper deposit and it is one of only a few examples of a Paleoproterozoic porphyry copper deposit in the world and one of only two in southern Africa (both in Namibia). Due to its age, the deposit has been subjected to multiple metamorphic and deformation events but still retains many of the classic mineralization and alteration features typical of these deposits. The mineralization is dominantly chalcopyrite with minor bornite and chalcocite present and only minor secondary copper minerals at surface due to the arid environment. Further details of the Haib Copper Project are available in the corresponding technical report titled, 'NI 43-101 Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project, Namibia' dated effective August 31, 2024 (the 'Technical Report'). The Technical Report and other information is available on the Company's website at and under the Company's profile on SEDAR+ at . More information is available by contacting the Company: ON BEHALF OF THE BOARD OF DIRECTORS 'Heye Daun' , President & CEO Julia Becker Corporate Communications jbecker@ +1-604-785-0850 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Forward-Looking Information This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Offering, the intended use of proceeds of the Offering, the Company's ability to complete the Offering on the terms announcing, the timing for completing the Offering, the Company's ability to obtain all necessary approvals, including the conditional approval of the TSX Venture Exchange, timing for completion of the Company's intended preliminary economic assessment (the 'PEA') of its Haib Copper Project and the potential projected or processing design capacity for annual copper concentrate production at its Haib Copper Project and the future or prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking terminology such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will be taken', 'occur' or 'be achieved'. Forward looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, and economic risks, uncertainties, and contingencies that may cause actual results, performance, or achievements to be materially different from those expressed or implied by forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated, or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Other factors which could materially affect such forward-looking information are described in the risk factors in the Company's most recent annual management discussion and analysis. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
