Soneil acquires two GTA industrial properties

BRAMPTON, ONT. — Soneil Investments has announced the purchase of two Greater Toronto Area industrial properties for $105 million.

The properties, acquired independently, are located at 8301 Keele St. in Vaughan and 1055 Clark Blvd. in Brampton. Cumulatively, the assets contain two multi-tenant buildings of over 465,000 square feet.

The company now tops $1 billion in assets under management, stated a recent release.

Industrial has remained Soneil’s largest investment asset class over the past two years.

“To grow from under $100 million in 2017 to over $1.0 billion today is a testament to our add-value growth strategy and ability to execute deals in a robust manner,” stated Neil Jain, president and CEO of Soneil Investments, in a statement. “As the industrial market has continued its unprecedented level of growth, we have been able to stay disciplined, pursuing only the assets we see potential in.”