An update at Hamilton City Centre.
We submitted a revised SPA application to the City of Hamilton in July. This updated application features a more efficient phasing plan and eliminates the third level of underground parking. Initial feedback from the city has been positive, and our consulting team is continuing to address detailed design comments. We anticipate receiving conditional approval for our revised SPA application in Q4.
New Lease exceeds underwriting projections.
In August, Harlo Capital successfully leased 48,125 SF at 705 Boundary Road in Cornwall, Ontario, to a AAA international logistics company. The 5-year lease will begin in Q4 and is set at rates that exceed our initial underwriting projections.
A new restaurant on the block: Linny’s!
On September 21st, Harlo Entertainment (alongside Big Hug Hospitality) opened their newest restaurant: Linny’s. Led by Executive Chef and Winner of the 2023 MICHELIN Guide Toronto Young Chef Award, David Schwartz, this old school deli-inspired steakhouse named after his late mother is also very thoughtfully curated. Featured in this first-class space is a very special wall which showcases copies of ‘Linny’s’ hand-written recipes.
The Harlo Diversified Canadian Real Estate Trust has landed.
October 1st was an exciting milestone for Harlo Capital with the official launch of the Harlo Diversified Canadian Real Estate Trust (Harlo DCRET). This open-ended trust is an excellent option for investing through your TFSA, RESP, and RRSP, as these plans are eligible. Should you have any questions, please contact Isabella Spataro at: investorrelations@harlocap.com
