Grosvenor’s Structured Development Finance business provides $39.6M for Gardena, Intracorp’s newest community in Coquitlam, B.C.
Set to commence construction in the first quarter of 2024, Gardena encompasses 527 condominium and 218 rental units across four buildings.
- Set to commence construction in the first quarter of 2024, Gardena encompasses 527 condominium and 218 rental units across four buildings.
- Established in 2000, Grosvenor’s SDF programme provides equity-like capital to leading residential and multi-family developers across North America.
- This announcement marks the 26th transaction between Grosvenor and Intracorp in a relationship spanning 2,500+ residential units over more than 20 years.
- Overall, the SDF business has provided capital to 78 development projects supporting the development of over 8,900 residential units (across Canada and the United States).