MONTRÉAL – July 28, 2021 – NYX Capital Corp. and Bluebird Self Storage have acquired an existing commercial building on 2.15 acres of industrial land.
Located at 5715-5785 Metropolitan Blvd. East, the Metropolitan Self Storage building is in Montréal’s Saint-Leonard district – a rapidly densifying residential and commercial area that has an underserved market and high demand for self-storage. Purchase price and seller have not been disclosed.
NYX Capital Corp. CEO Yashar Fatehi said, “We plan to demolish the existing building and construct a brand new, A-Class storage facility. Metropolitan will be the ninth self-storage project between our partnership with Bluebird and marks NYX’s first property outside of the Greater Toronto Hamilton Area (GTHA). This acquisition brings us one step closer to accomplishing our common goal of being the top self-storage brand in Canada.”
Bluebird Self Storage Managing Principal, Reade De Curtins said, “We are actively engaged in an aggressive Montréal growth strategy. Motivated by the success of our first location on Henri Bourassa Blvd., which we acquired in the summer of 2020, we were eager to identify our next high-profile location in this market, and the site on Metropolitan Blvd. E., is it. Extending our valued relationship with NYX Capital outside the Greater Toronto Hamilton Area (GTHA), the development of this property should be smooth sailing and further testament to our shared focus to grow the Bluebird brand across Canada.”
ABOUT NYX CAPITAL CORP.
NYX Capital Corp. is a private equity investment and development company based in Toronto. NYX invests in high-quality commercial real estate development projects throughout Canada, occupying a unique space in the real estate spectrum by targeting value add opportunities. NYX creates premium risk adjusted returns by sourcing unique investment opportunities, applying proven value creation strategies, and hands on management. NYX provides investors an opportunity to invest directly in a variety of properties and operating businesses, co-investing in all projects under management to properly align its interests with investors in the limited partnership and co-ownership vehicles. Since its inception in 2012, the company has grown to a team of 18 experienced real estate
professionals with $694 million projects under management and development. Visit: www.nyxcapital.com
ABOUT BLUEBIRD SELF STORAGE
Founded in 1983 and headquartered in Toronto, Canada, Bluebird Self Storage currently operates 23 self-storage locations across Canada. Bluebird is growing and is Canada’s most progressive lifestyle storage concept. The company recently purchased five locations in Alberta and two in Nova Scotia for a capital outlay of nearly $200 million. The management team has developed, owned and managed quality self-storage facilities in Canada and the United States for nearly 40 years. Bluebird is currently seeking top-tier acquisitions Canada-wide. In October2020, an affiliated company, Bluebird Storage Management ULC was created to handle third party storage management for owners across the country. Visit: https://bluebirdstorage.ca
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