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Adgar Investments & Development Pays $58.5 Million for Five-Bldg. Portfolio

Reaches Deal with Ghodaf Group for 334,000 SF in Toronto Area and Winnipeg
By Caitlyn Henderson
October 27, 2015 | 8:22 P.M.

Adgar Investments & Development, a publicly-traded investor and owner of office properties and the real estate arm of Israel-based holding company Zur Shamir Group, significantly boosted its holdings in Canada with the purchase of a five-property office portfolio from Ghodaf Group for $58.5 million, or approximately $175 per square foot.

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