CCI Corpfin Capital Inc. is pleased to report that they have closed on a $400,000 cash investment in Caliber Investments LP from it’s CCI Corpfin Capital Special Opportunity Fund 1 LP.  This equates to about 10% of the outstanding units of Caliber Investments LP. This allows a direct investment in the portfolio of three retail assets totaling 252,000 square feet, two of which were closed on December 31, 2021 with one more asset expected to close in the first quarter of 2022. 

McCOR Management was crucial to our interest in investing in this portfolio as they sourced, underwrote and found the partnership investors for the transaction. The Fund is pleased with this acquisition which will produce superior returns as leases come due over the next few years and won't require the same heavy lifting that some of the other value add properties that CCI has been involved with. 

CCI continues to work on another major transaction, reviewing an LOI that will be submitted on a significant shopping center asset which CCI has identified and of which McCOR have found a suitable Partner for CCI. We expect to have an offer out in January 2022 and hopefully an acceptance on our final underwriting expectations. 

For more information about acquisitions and development for CCI Corpfin Capital, please contact: 

Gord Wiebe, CEO & Principal 

(403) 923-4343 

gwiebe@corpfincapital.ca. 

CCI is pleased to meet the requirements of our new tenant in 330 Portage Avenue for two floors and the great work of Pretium in delivering the space.

We look forward to more updates on new tenants committing to our 330 Portage Avenue as we benefit from the major upgrades completed on the project over the last couple of years. The re-positioning of this project has produced great results.

The Canadian household name and shopping destination is set to open its doors in the first half of 2022

LONDON, Ontario – October 8, 2021 – Leasing activity continues to build momentum with the latest exciting addition of Canadian household name and shopping destination Dollarama joining Westmount Shopping Centre, London.  The property continues to reposition itself over the coming months to a mixed-use development that will be known as Westmount Commons.

Proudly managed by McCOR Management (East) Inc., in partnership with investors CCI Corpfin Capital Inc. and KingSett Capital Inc., the dramatic evolution will see the property come to life during this multimillion-dollar development.

“We are extremely thrilled to welcome Dollarama to the exciting Westmount project,” says Luc Corneli, Principal and Founder of McCOR Management.  “Our vision for a mixed-use development continues to evolve, even amidst a global pandemic.”

Dollarama aims to provide customers with a consistent shopping experience and compelling value, through a broad assortment of affordable consumable products, general merchandise and seasonal items at low fixed price points.

“We are excited to open a new store next year in Westmount Commons as we continue to expand our store footprint from coast to coast.  We look forward to serving the local community and providing Londoners with even greater convenience and access to affordable, everyday and seasonal items at compelling value,” said Jeff Boyd, Senior Vice President, Real Estate, Dollarama.

The new Dollarama location is expected to open in Westmount Commons in the first half of 2022.

“CCI is pleased with the continued progress of our mixed-use redevelopment at Westmount Commons, with the commitment of Dollarama to the project. Please review the attached video of the complete transformation plan of Westmount Commons” says Gord Wiebe CEO of CCI Corpfin Capital Inc.

For more information and interview requests, please contact:

April Herlick,

Property Manager, Westmount Commons 519 641 0976

aherlick@mccor.ca

OR

Lyla Radmanovich

Media Relations, Dollarama

media@rppelican.ca

About Westmount Shopping Centre

In the heart of Canada’s first planned community, originally developed by legendary builder Mowbray Sifton, in London, Ontario, Westmount Shopping Centre is being reimagined by McCOR Management in partnership with CCI Corpfin Capital Inc. and KingSett Capital.  Rolling out over three phases, Westmount will be reborn as a community hub to support the needs of an active and engaged neighbourhood – a place to live, work, learn, play, and shop.  The Westmount project is poised to help write the next great chapter in mixed-use development.

https://www.corpfincapital.ca/westmount-commons

About Dollarama

Dollarama is a recognized Canadian value retailer offering a broad assortment of consumable products, general merchandise and seasonal items both in-store and online.  Its 1,381 locations across Canada provide customers with compelling value in convenient locations, including metropolitan areas, mid-sized cities and small towns.  Select products are also available, by the full case only, through its online store at www.dollarama.com.  Its quality merchandise is sold at select fixed price points up to $4.00.

About McCOR Management

McCOR Management has offices in Calgary, Edmonton, Gatineau, Regina, Toronto, Vancouver and Winnipeg, offering the national reach needed to best serve leading investors and occupiers whilst retaining the local expertise to accommodate smaller firms and sole proprietorships competitively.  The formation of McCOR Management creates one of Canada’s largest privately-owned real estate development and property management companies, with over $3-billion of assets under management.

For further information about McCOR Management, visit www.mccor.ca

For further information about CCI Corpfin Capital, visit www.corpfincapital.ca

For further information about KingSett Capital, visit www.kingsettcapital.com