Regional Group and Fengate form JV

Regional Group of Companies and Fengate Asset Management are partnering to develop two new residential rental and retail buildings in Old Ottawa East in Canada.

Fengate is managing the joint venture on behalf of the LiUNA Central and Eastern Canada Pension Fund.

The two buildings will be located at the entrance to Regional Group’s master-planned waterfront community, Greystone Village. They will provide ground retail and 245 units of much-anticipated, high-quality rental housing. Upon completion, Regional Group will manage the properties on behalf of the investors.

Building amenities will include rooftop terraces with gardens and dog-friendly areas, fitness facilities, state-of-the-art building security and mail rooms, in addition to underground parking and storage.

Established in 1972, the LiUNA Central and Eastern Canada Pension Fund has $8 billion in assets under management and has been named one of the fastest-growing multi-employer pension funds in