MISSISSAUGA, ON – NOVEMBER 2, 2021 – NYX Capital Corp. and Bluebird Self Storage have acquired 2 acres of industrial land to develop a new self-storage building.
Located in southwest Mississauga on Platinum Drive near the intersection of Ninth Line and Eglinton Avenue W, the property is part of the new Erin Mills Business Park. The site is surrounded by an established residential community that has an underserved market and high demand for self-storage.
Purchase price and seller have not been disclosed.
Said NYX Capital Corp. CEO Yashar Fatehi, “We are delighted to acquire another self-storage development site in the GTA, in partnership with Bluebird. We are always on the hunt for development sites; however, in recent years, finding suitable sites in the GTA has become challenging. We were working on this specific property two years ago and had to walk away due to some obstacles. But we kept in-touch with the owners and jumped back in once we knew we could address the problems and it turned out to be the right property for us. Our NYX Capital team is nimble and can act fast on tight timelines and handle these types of complicated sites. This makes us a preferred purchaser compared to other larger players in the market.”
Bluebird Self Storage Managing Principal, Reade DeCurtins said, “For several years, we have been patiently looking for the right location in this western Mississauga sub-market, which combines a dense population base and very high-barriers-to-entry for future self-storage development. We expect this location to be quite busy.”
ABOUT NYX CAPITAL CORP.
NYX Capital Corp. is a private equity real estate investment company based in Toronto, Ontario. We own, manage, and invest in high-quality and well-located assets across Canada. We have built our business with strong leadership and a proven management platform that generates premium, risk-adjusted returns for private and institutional investors. Our properties range across various asset classes, including residential, industrial, self-storage, film-studio, and fitness. NYX also invests in operating entities when significant real estate opportunities are attached. NYX is a co-investor in all our projects, and we are committed to realizing the potential of real estate through value creation strategies and operational excellence. The company has over 4.1 million sq. ft. of planned, managed, and developed assets and over $1 billion projects under management and development. Visit: nyxcapital.com
ABOUT BLUEBIRD SELF STORAGE
Founded in 1983 and headquartered in Toronto, Bluebird currently operates 24 self-storage locations across Canada. Bluebird is growing and is Canada’s most progressive lifestyle storage concept. Recent purchases include five locations in Alberta and two in Nova Scotia for a capital outlay of nearly $200 million. The management team has developed, owned, and managed quality self-storage facilities in Canada and the United States for nearly 40 years. Bluebird is also seeking top-tier acquisitions Canada-wide. In October 2020, an affiliated company, Bluebird Storage Management ULC was created to handle third-party storage management for owners across the country. Visit: bluebirdstorage.ca
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