Summary:
- Trent University secured a $384 million financing package, backed by the Building Ontario Fund (BOF), HOOPP, and Knightstone Capital Management, to develop nearly 1,400 student beds at its Symons Campus in Peterborough, marking one of the university’s largest infrastructure projects.
- The project includes two buildings totaling approximately 722,000 square feet, featuring Gidigaa Migizi College, a new Otonabee College residence, and 134,000 square feet dedicated to academic, administrative, and student-support spaces.
- BOF’s $100 million mezzanine debt closed a critical construction financing gap, attracting institutional investment from HOOPP and Knightstone; excavation began in 2024 with completion targeted for August 2029, and BOF’s investment will be repaid through refinancing once the residences are operational.
Original article:
https://www.connectcre.ca/stories/384m-trent-student-housing-deal-brings-hoopp-knightstone-together/
