We maintained 100% occupancy across our Canadian investment portfolio in 2023, with overall occupancy for Grosvenor’s share of assets in North America strong at 95.2%. Proactive capital improvements have helped positively position our properties, protect and enhance values, and attract new tenants, including new leases at commercial properties in Silicon Valley, San Francisco, and Washington, D.C. 

We delivered a 260-rental home apartment building in the Union Market neighbourhood of Washington, D.C., on time and on budget. Margarite, which surpassed leasing expectations, prioritised physical and mental health through its diverse elements and thoughtfully crafted spaces, such as a new 6,000 sq ft public park. The project team worked with a research group that uses neuroscience and environmental data to improve health outcomes. 

In Vancouver, BC, we unveiled Phase 1 of the Mayfair West masterplan which will transform a vacant 14-acre site in the heart of the city. The first phase will feature a mix of homes for sale and for rent that will cater to various income levels. The masterplan will also feature a needed 69-space childcare facility and a two-acre community park.