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GTHA Investment Report February 2019

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GTHA Investment Report February 2019 GTHA Investment Report February 2019 FOR MORE INFORMATION, PLEASE CONTACT: Ryan McAskile Vice President, Broker | Private Capital Investment Group Direct: 416 791 7237 Mobile: 416 725 2703 [email protected] Accelerating Success. Welcome to the February edition of the GTHA Investment Report, the most Top 10 Transactions for February 2019 comprehensive overview of GTHA investment sales activity in the market. Asset Type Property Municipality Region Price Unit Price / Unit Office Dynamic Funds Tower Toronto Toronto $473,000,000 Square Feet $728 Total transaction volume for the month of February was Office 56 Wellesley Street West Toronto Toronto $98,000,000 Square Feet $454 approximately $1.63 billion across all asset classes. Toronto saw Res Land 77 River Street & Labatt Avenue Toronto Toronto $54,400,000 Acres $40,597,015 the most activity at $1.04 billion followed by York at $214 million. Res Land 7082 Islington Avenue Vaughan York $35,000,000 Acres $1,105,042 Office sales had the highest transaction volume amongst asset classes at $640 million followed by residential land and ICI land at Apartment 15 Walmer Road Toronto Toronto $30,000,000 Units $384,615 $336 million and $251 million, respectively. The largest transaction Industrial 185 William Smith Drive Whitby Durham $27,500,000 Square Feet $135 for the month of February was the office sale of the Dynamic Office Warden City Centre Markham York $26,520,000 Square Feet $208 Funds Tower at 1 Adelaide St E for $473 million. Retail 4916 - 4946 Dundas Street West Etobicoke Toronto $26,500,000 Square Feet $602 This month we feature THE HUB, Oxford Properties and CPPIB’s Res Land 250 Lawrence Avenue West & 219 Glengarry Avenue Toronto Toronto $26,000,000 Acres $18,181,818 proposed 1.4 million-square- foot, 60-storey office tower at 30 Industrial 2301 - 2311 Royal Windsor Drive Mississauga Peel $25,750,000 Square Feet $126 Bay Street. Purchased in 2017 for $96 million from PortsToronto, the proposed Rogers Stirk Harbour + Partners-designed complex includes plans to fully restore and maintain the former Harbour Source: Altus Group Commission building, the site on which the project will sit. The plans for the building have been revised recently to include FEBRUARY 2019 TRANSACTIONS improvements to the public realm, rotation of the tower’s central core by 90 degrees to improve connectivity between the lobby and BY ASSET CLASS PATH levels as well as to help accentuate the view of tower’s lobby 0.56% from Bay Street. Connection to the PATH system is proposed via a 27.78% 8.33% $2.3M $184M $102M glass-encased atrium that incorporates the Harbour Commission building. The project will seek LEED v4 Gold Core & Shell Retail Certification, Toronto Green Standard v3 Tier 1 status, Waterfront Apartment Toronto Mandatory Green Building Requirements (MGBR), CaGBC 11.67% $121M Zero Carbon Building Certification among a myriad of other Hotel sustainable features. The addition of THE HUB will undoubtedly ICI Land add even more prestige to the city’s South Core node which has Industrial 18.33% undergone a spectacular transformation in recent years. $336M Office 28.33% Residential Land Sources: urbantoronto.com; renx.ca $251M 5.00% $640M February Sales Stats by Asset Class & Region Source: Altus Group Durham Halton Hamilton Peel Toronto York GTHA TOTAL # PRICE PER PRICE PER # PRICE PER PRICE PER # PRICE PER # PRICE PER # PRICE PER Asset Type (Unit) $ VOLUME # DEALS $ VOLUME $ VOLUME # DEALS $ VOLUME $ VOLUME $ VOLUME $ VOLUME DEALS UNIT UNIT DEALS UNIT UNIT DEALS UNIT DEALS UNIT DEALS UNIT Apartment (Suite) 1 $2,350,000 $138,235 1 $25,500,000 $286,517 3 $2,506,500 $113,932 - - - 9 $70,023,000 $266,247 1 $2,200,000 $440,000 15 $102,579,500 $259,039 Hotel (Suite) - - - - - - - - - - - - 1 $2,300,000 $287,500 - - - 1 $2,300,000 $287,500 ICI Land (Acres) 4 $6,265,000 $151,004 2 $6,500,000 $59,429 3 $6,700,000 $70,641 4 $20,740,375 $505,604 5 $46,999,101 $2,290,293 3 $34,000,000 $857,914 21 $121,204,476 $375,473 Industrial (SF) 3 $43,150,000 $121 3 $8,850,000 $170 5 $14,730,000 $74 14 $89,820,000 $186 13 $46,347,514 $170 13 $48,538,825 $190 51 $251,436,339 $155 Office (SF) - - - 2 $29,920,000 $412 - - - 1 $1,295,000 $332 4 $577,937,148 $658 2 $31,620,000 $232 9 $640,772,148 $587 Residential Land (Acres) 1 $10,000,000 $999,400 1 $1,625,000 $2,527,216 1 $3,260,000 - 5 $56,800,000 $566,136 15 $178,942,410 $22,530,892 10 $85,431,169 $1,766,932 33 $336,058,579 $2,208,201 Retail (SF) 5 $12,050,000 $459 3 $23,880,000 $215 2 $2,915,000 $263 1 $11,500,000 $2,840 32 $121,759,000 $540 7 $12,372,004 $401 50 $184,476,004 $450 Grand Total 14 $73,815,000 12 $96,275,000 14 $30,111,500 25 $180,155,375 79 $1,044,308,173 36 $214,161,998 180 $1,638,827,046 Source: Altus Group ABOUT RYAN Ryan helps private capital property owners maximize DISPOSITIONS the value of their real estate. Pulling from his seventeen ACQUISITION ADVISORY years of experience in investments, landlord and tenant VALUE-ADD STRATEGIES representation, development, corporate leadership, marketing and entrepreneurship, Ryan advises his clients with a unique combination of strategy, market knowledge OFFICE and real-life experience. Whether you are looking to dispose of an asset, expand your portfolio or increase value on existing inventory, INDUSTRIAL Ryan has the expertise, resources and singularity of purpose to maximize your RETAIL investment capital. If you believe in strong relationships, great customer service, LAND and achieving optimal results, give Ryan a call to talk about your needs. APARTMENTS Ryan McAskile Vice President, Broker | Private Capital Investment Group Direct: 416 791 7237 Mobile: 416 725 2703 [email protected] About Colliers International Group Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is a top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 cor- porate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $25 billion of assets under management from the world’s most respected institutional real estate investors. Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row. Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years. For the latest news from Colliers, visit Colliers.com or follow us on Twitter: @Colliers and LinkedIn. To see the latest news from Colliers International in Canada, follow @ collierscanada on Twitter and Colliers International Canada on LinkedIn. This document/email has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and /or its licensor(s). © 2018. All rights reserved. This communication is not intended to cause or induce breach of an existing listing agreement. Colliers Macaulay Nicolls Inc. Accelerating Success..
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