Major Investment Fund Advisor Welcomes Simcoe Announcement

TORONTO, Jan. 19, 2012 /CNW/ - A major Ontario-based institutional investment fund advisor says the announcement that the Ontario government will support sustainable growth in Simcoe is good news for investors and Simcoe.

Brian Spence of Strathallen Capital says increased certainty about growth is always welcome in uncertain times.

Strathallen's client base includes pension funds, major corporations and individuals.

As of 2011, assets under Strathallen's administration exceed $550 million and over 5 million square feet in 36 different properties and 167 acres of development land, some of it in Simcoe.

"The 'Simcoe Vision' outlined by Infrastructure minister Bob Chiarelli displays both economic and environmental foresight; it calls for local solutions, supports job creation, increases planning certainty and will lead to improvements in the quality of life in Simcoe," says Spence.

The development of new local employment lands mean people can live closer to where they work and reduce the need for 'polluting commuting'", says Spence.

"At the same time, the "Simcoe Vision" encourages Simcoe, Barrie and Orillia to approve sustainable development that makes sense for their communities" he concludes.

Brian Spence  416-922-5553