Toronto – August 10, 2023 – Starlight Investments (“Starlight”), a global real estate investment leader, is pleased to announce the successful acquisition of Oslo on Fifth, a new-build residence located in the thriving community of Sidney, British Columbia. Developed by Summit Brooke Construction, this latest acquisition represents an exciting expansion within the company’s growing portfolio, strengthening its position in the Canadian real estate market.
Situated at the core of Sidney’s picturesque seaside community, Oslo on Fifth’s premium location offers unparalleled access to the area’s natural beauty and local amenities. Parks, beaches, and many conveniences are just a leisurely walk away. The residence’s strategic proximity to major transportation routes, such as the Patricia Bay Highway, ensures effortless commuting to Greater Victoria, while the nearby BC Ferries Terminal and Victoria International Airport are just a short drive away, placing residents at the crossroads of convenience and tranquillity.
“We are thrilled to welcome Oslo on Fifth to our portfolio. It’s forward-thinking design and community-driven focus resonate with our core values and align seamlessly with our goal of fostering responsible growth in the communities in which we operate,” said Neil Fischler, Senior Vice President, Asset Management. “This acquisition reaffirms our dedication to providing exceptional properties that resonate with contemporary lifestyles and we are looking forward to joining the Sidney community.”
Constructed with sustainable mass timber, the newly acquired three-story rental community comprises a total of 71 suites. These modern living spaces include bachelor, one, two and three bedroom suites, ranging in size from 448 to 1,103 square feet. Residents will benefit from an array of top-tier amenities, such as a well-equipped fitness room, shared outdoor rooftop patio, secure bicycle storage, package-friendly smart lockers, a convenient dog wash station, cutting-edge EV charging stations, and substantial underground parking, all of which contribute to a refined and comfortable living experience.
Every suite within Oslo on Fifth is meticulously designed to offer residents the pinnacle of modern living. Equipped with in-suite laundry and energy-efficient stainless-steel appliances, each space extends a balcony or patio for outdoor enjoyment. The spacious and modern layouts are accentuated by contemporary finishes, including elegant quartz countertops and sophisticated vinyl plank flooring, epitomizing a commitment to quality and style.
Starlight Investments is a leading global real estate investment and asset management firm. A privately held owner, developer and asset manager of over 77,000 multi-residential suites and 9 million square feet of commercial property space, we offer a range of investment vehicles across various real estate strategies. Starlight’s guiding mission is to balance our tenure with visionary curiosity to create positive impact for investors and communities alike. At Starlight, we invest with impact. Learn more at www.starlightinvest.com or connect with us on LinkedIn.
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