August 31, 2021
Epic Investment Services Executes on Industrial Portfolio Strategy for Institutional Client
We are pleased to announce the acquisition of NewBold Business Park in London, Ontario on behalf of an institutional client. In addition to advising on the acquisition, Epic has been retained as asset and property manager of the 365,423 square foot industrial portfolio.
NewBold Business Park is one of only two high-quality industrial parks in the London market. The property is comprised of 17, small and mid-bay, multi-tenant buildings on a combined 22.80 acres ideally located in close proximity of two Hwy 401 interchanges with access to public transit and nearby amenities.
“NewBold is a great addition to our institutionally-owned industrial portfolio and the first asset for us in London,” said Aaron Moore, Vice President, Investments at Epic Investment Services. “The London industrial market is one of the largest in Southwestern Ontario with a strong trade corridor. Ultra-low vacancy, the high cost of new construction and our active management approach will position NewBold well to generate a superior risk-adjusted return for our client.” The addition of Newbold will expand Epic’s Ontario operations into London and increase its industrial portfolio to 5.3M square feet under management across Canada.
About Epic Investment Services
Epic Investment Services, which includes its wholly owned subsidiary MDC Realty Advisors in the United States, is a fully integrated North American real estate platform. Headquartered in Toronto, Ontario, Canada, and operating from offices in Canada and the United States, Epic has over $17.5 billion in assets under management. Epic’s portfolio comprises over 30 million square feet of office, retail, industrial, and multi-family residential properties.