Menkes unveils new bus shelter

MISSISSAUGA, ON (July 26, 2017)—HOOPP Realty Inc. (HOOPP) and Menkes Property Management Services Ltd. (Menkes) proudly thank the AeroCentre workforce with their Annual Employee Appreciation BBQ. Much more than burgers and hot dogs, this afternoon of celebration and appreciation gives Menkes, HOOPP, and invited guests an opportunity to meet and speak with partners and employees of the AeroCentre business community.  The event will take place on Wednesday, July 26, 2017 from 11:30 a.m. to 1:30 p.m. at Max Ward Park, 2380 Matheson Blvd E, Mississauga.

In conjunction with the BBQ, Nick Macrae, Senior Portfolio Manager at HOOPP, Noah Gordon, Director of Portfolio Management at Menkes, and all of Menkes welcome VIP guests Mayor Bonnie Crombie, Councillors Chris Fonseca, Ron Starr and others for a MiWay tour of the Mississauga Transitway. To commemorate this update to the public transit system, Mayor Crombie and other invited guests will participate in the ribbon cutting ceremony which will take place opposite 5560 Explorer Dr (north side of street) at 1:15 pm, immediately following the transit tour.

A new bus shelter will be unveiled just north of the AeroCentre property. The bus shelter is an important step in improving transit options for the thousands who work at the ACC, and more specifically the AeroCentre, every day.

“At the City of Mississauga, Council and staff are committed to ensuring that we invest, improve and expand our regionally-integrated MiWay public-transit network,” Mayor Bonnie Crombie said. “The private-sector wants public transit built. Improved access to transit helps companies improve their ability to recruit the best, hire the best and maintain a highly-skilled and talented workforce. With the addition of this new MiWay bus shelter, the City of Mississauga once again is demonstrating its commitment to help the businesses of our globally competitive Airport Corporate Centre do business and remain ahead of the competition.”

The ACC accounts for 90% of the jobs in the City of Mississauga and is central to the second largest employment centre in Canada. With great food, entertainment, music, and a step towards a transit update for the ACC, this promises once again to be a very successful event with approximately 1500 people expected to attend.

Created in 1960, HOOPP is a leading Canadian pension provider, with over 500 participating employers and serving more than 320,000 working and retired Ontario healthcare workers. As a defined benefit plan, HOOPP provides eligible members with a retirement income based on a formula that takes into account a member's earnings history and length of service in the Plan. Once eligible members start receiving a pension, they receive it for life. About 80 cents of every pension dollar paid out comes from investment returns.

HOOPP is governed by a Board of Trustees with representation from the Ontario Hospital Association (OHA) and four unions: the Ontario Nurses' Association (ONA), the Canadian Union of Public Employees (CUPE), the Ontario Public Service Employees' Union (OPSEU), and the Service Employees International Union (SEIU). The unique governance model provides representation from both management and workers in support of the long-term interests of the Plan.

HOOPP Real Estate manages the HOOPP pension fund’s allocations to real estate investments and owns over 40 million square feet of commercial, retail, industrial, and multi-residential buildings in approximately 200 locations in Canada, the United States, the United Kingdom and Europe. At year-end 2016, HOOPP’s real estate portfolio had a gross value of $11.5 billion and its strategy is to invest in healthy, efficient and high-performing buildings that deliver a quality product to its tenants and investment returns to its plan members. It applies leading global sustainability practices to protect and enhance the value of its portfolio and reduce the environmental impacts of both existing buildings and new developments.

Menkes Developments Ltd. is an award-winning, fully integrated real estate company involved in the construction, ownership and management of office, industrial, retail and residential properties. Founded in 1954, the company is one of the largest private developers in Canada, with a primary focus in the Greater Toronto Area. Menkes is known for its innovative, multi-disciplinary approach and particularly for its expertise in large-scale, mixed-use development. Past projects include the Empress Walk entertainment, shopping and residential complex in North York City Centre, the Four Seasons Hotel & Residences in Bloor-Yorkville and two landmark projects in Toronto’s South Core district, 25 York (TELUS House) office tower and the two million square foot Harbour Plaza Residences / One York commercial retail complex. The company’s latest project is a proposed waterfront community on an 11.5 acre site in downtown Toronto, which will be anchored by a new two-acre park. For more information about Menkes, please visit menkes.com and follow us on twitter @MenkesLife.

AeroCentre is a six building, 625,000 square foot office complex. AeroCentre has one of the most prominent corporate addresses in Canada with excellent branding opportunities along Highway 401.The complex is located in Mississauga, Ontario by Toronto Pearson International Airport and is a member of the GTAA Partners in Project Green Pearson Eco-Business Zone. All buildings are owned by HOOPP Realty Inc. and managed by Menkes. Our sought-after location and floor plate design makes AeroCentre an ideal head office location. A total of 26 tenants occupy the complex with notable Canadian headquarters of several Fortune 500 companies.

Melanie Sutherland, Sutherland Corporation

T.  289-251-8284

E.  melanie@sutherlandcorp.ca