In July 2019, Montcrest Asset Management (formerly known as NYX Capital Corp.) acquired 14.7 acres of vacant industrial land located at 2401 Dixie Rd, Mississauga. The property benefits from zoning which permits outside storage.
This is a prime industrial property located in South Mississauga, along the QEW and Highway 427. Industrial continues to be the strongest performing asset class in Canada and there is a limited supply and availability in the GTA market. Montcrest plans to add further value by developing the site to allow construction of a new 286,000 square foot industrial building.
