Rose acquires former General Electric office facility for $45 Million

Acquired lands looking southwest towards downtown Oakville and Lake Ontario. (CNW Group/The Rose Corporation)

TORONTO — The Rose purchases 27.3 acres of former General Electric manufacturing and office facility property located in Oakville, for $45 million.

The site is east of Trafalgar Road and south of the QEW (Highway 403) and is in Midtown Oakville.

“We couldn’t be more excited to acquire this prime parcel of land,” says The Rose’s president, Daniel Berholz. “The property, and its central location within the Midtown Oakville neighbourhood, offers Rose an unparalleled opportunity to play an important role in the Town’s vision to create a vibrant and diverse community where people will be able to ultimately live, work and play.”

“Our team is looking forward to engaging with key stakeholders to identify and implement the best uses for this site,” adds Berholz.