Colonnade Management

Colonnade Management
BridgePort

BridgePort

November 24, 2015 08:30 ET

Colonnade Management and BridgePort to Merge

Amalgamated Company to Provide Best in Class Real Estate Investment and Operating Platform

OTTAWA, CANADA--(Marketwired - Nov. 24, 2015) - Colonnade Management Inc. and BridgePort Group of Companies, two of Ottawa's leading real estate management and investment companies, jointly announced today that they have entered an agreement to merge.

The amalgamated company will be better positioned to capitalize on market opportunities to grow the best in class real estate investment and operating platform in the Ottawa/Gatineau region and the Greater Toronto Area. Services will include property management, leasing, development management and asset management.

"BridgePort and Colonnade are like-minded organizations with complementary skills and valuable synergies," said Hugh Gorman, president of BridgePort. "What became clear to us is that together we have a great opportunity to accelerate our growth plans and create value and maximize investment performance for our clients over time."

"This merger will give us a tremendous opportunity over the long term," said Steve Kaminski, president of Colonnade Management. "Our focus has always been on stability and growth for the company and also for employees. Many of them have spent much of their careers at Colonnade and my desire is to continue to provide them with opportunities."

About Colonnade Management

Colonnade Management is an established leader in retail, office and industrial property management. Its premium suite of services helps property owners and asset managers make informed decisions to protect and maximize the return on their investments. www.colonnademanagement.ca

About BridgePort

BridgePort is a full service real estate firm, headquartered in Ottawa, that co-invests with a wide range of clients and provides them with a full array of services including investment management, property management, asset management, and development management services. www.bridgeportrealty.ca

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