Friday Harbour announces strategic partnership with Fengate Real Asset Investments
Friday Harbour Resort (“Friday Harbour”) and Fengate Real Asset Investments (“Fengate”) are pleased to announce a new and strategic partnership. Friday Harbour is Canada’s award-winning four seasons resort. Fengate, a leading real asset investment firm specializing in real estate, infrastructure and private equity investment strategies, is a new financial partner on the prestigious Friday Harbour project, managing the investment on behalf of the Laborers’ International Union of North America’s (LiUNA) Central and Eastern Canada Pension Fund.
“Sculpted into Lake Simcoe’s Big Bay Point, 45 minutes from the Greater Toronto Area, Friday Harbour is a resort community that infuses fun and relaxation, creating an invigorating blend of natural greenery and urban amenity, and we feel the partnership with LiUNA and Fengate will only benefit this unique market positioning,” said Jim V. De Gasperis, Managing Partner of Friday Harbour.
“It is a pleasure to work with our partners, the professional team at Friday Harbour,” said Joe Mancinelli, LiUNA International Vice President and Regional Manager for Central and Eastern Canada. “LiUNA is anticipating great returns in this exciting real estate and development investment and our investment in the thousands of LiUNA jobs being created.”
“We are very pleased to partner with Friday Harbour on behalf of our investor, LiUNA,” said Lou Serafini Jr., President and CEO of Fengate. “Friday Harbour is a visionary development for Ontario, and the founding partners have done a tremendous job with keeping the development firmly on track, and the project momentum growing.”