Greystone Infrastructure Fund Partners on Toronto Pearson International Airport Hangar
REGINA, August 28, 2018 - The Greystone Infrastructure Fund1 (the “Fund”) has partnered with the Rice Commercial Group to construct an approximately 140,000 square-foot hangar on lands leased from the Greater Toronto Airport Authority (“GTAA”) at Toronto Pearson International Airport.
Toronto Pearson International Airport is Canada’s busiest airport, ranking in the top 30 globally for daily aircraft arrivals and departures, and second in North America for international traffic with over 27 million international passengers per year.2
The facility will be leased to Skyservice Investments Inc. (“Skyservice”) under a long-term lease and is expected to be completed in mid-2019. Founded in 1986, Skyservice is a leader in business aviation providing fixed base operations, aircraft management, charter services, and aircraft sales.
Ted Welter, Managing Director & Chief Investment Officer, Alternative Investments at Greystone Managed Investments Inc. said, “This investment highlights our integrated investment approach across our firm, leveraging existing relationships for new opportunities and driving performance outcomes for our clients.”
“This investment will provide stable long-term cash flows tied to essential transportation infrastructure at Canada’s largest international airport,” said Jeff Mouland, Executive Director and Head of Infrastructure Investments. “We continue to actively pursue high-quality, mid-market infrastructure assets globally for our clients.”
About the Greystone Infrastructure Fund
The Fund is open-ended with a global mandate that targets diversified mid-market infrastructure assets with attractive risk-adjusted returns, capable of providing predictable and stable cash flows over the long term. The Fund forms part of the Alternative Investments platform managed by Greystone Managed Investments Inc.
About Greystone Managed Investments Inc.
Founded in 1988, Greystone Managed Investments Inc. is a privately-owned, Canadian institutional investment manager. The firm is one of Canada’s largest money managers with C$36.1 billion of assets under management (as at June 30, 2018).
Greystone is a multi-asset class manager with in-house expertise in fixed income, Canadian equities, U.S. equities, international equities, real estate, mortgages and infrastructure. Greystone is headquartered in Regina, with offices in Toronto, Winnipeg and Hong Kong. For more information, please visit www.greystone.ca.
For further information, please contact:
Media Relations Contact:
Anne Bilczuk, Senior Vice-President, Branding & Communication, (306) 779-6153
1 The Greystone Infrastructure Fund (Canada) LP and the Greystone Infrastructure Fund (Canada) LP II (the “Feeder Funds”) invests in units of a master fund, the Greystone Infrastructure Fund (Global) LP (the “Master Fund”). The Master Fund invests in the allowable infrastructure investments outlined in its Investment Policy.
2 GTAA and Airports Council International – North America.
Image used with permission from the Rice Group. (Rendering of GTAA Hangar Facility)