On May 3, 2017, Clubhouse Developments Inc., led by RGF Real Estate Fund LP (RGF), acquired The Country Club Golf Course in Woodbridge, Ont., for $220 million from The Toronto Region Board of Trade.
Clubhouse Developments Inc. plans to create a residential enclave with a blend of family homes and a significant amount of green space accessible to the community.
The 290-acre property is a coveted parcel of prime land along the Humber River within the thriving community of Woodbridge in Vaughan.
The potential area for development is approximately one-third of the acreage.
Development is not slated to commence immediately.
RGF’s successful formula has been the ability to partner real estate industry experts and high-net-worth individuals with a professional national pension fund.
RGF is responsive to opportunities, maintains the ability to raise capital efficiently and exercises control over the functional operations of real estate development, construction and management while achieving maximum returns.
WeirFoulds LLP represented RGF and Clubhouse Developments Inc. with a team that included Sylvia Adriano, David Thompson, Richard Arezes and Robert Eisenberg. RGF was also represented by David Goldman, its in-house legal counsel, of HBNG Holborn Group.
Borden Ladner Gervais LLP represented the The Toronto Region Board of Trade with a team that included Murray Shopiro and Xue Yan.