Asset Monetization: Go Transit

Prime Contractor: Cushman & Wakefield (Performed as DWH Strategic Advisors LLC)
Client: Metrolinx
Date: December 2014
Location: Toronto, ON

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Situation

As a function of its historic service expansions, Metrolinx owns a large real estate portfolio, including 60 GO Train stations and 70 nonstation real estate assets. DWH (and project partners Cushman & Wakefield – the lead team which included Dr.
Charles Warren — Urban Strategies, and McCormick Rankin) were retained to complete a review of the development and revenue generation potential of the entire Metrolinx real estate portfolio.

Goals

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• Create a data-driven and standardized approach to asset
  monetization of surplus land and develop-able opportunities in the Metrolinx portfolio.

 

Services

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• DWH was responsible for proposing processes, committee makeup, and decision-making procedures that balance the dynamic tension between development, operations, and stakeholders.

• The team completed a systematic appraisal of all vacant parcels, surplus land, and redevelopment opportunities for land and assets owned by Metrolinx.

Results

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• Prioritized properties for development and delivered a framework for sustainable and ongoing real estate revenue generation.

• Recommended financing and ownership structures, organizational roles and responsibilities, and developed an implementation plan.