23 MARCH 2022

Grosvenor appoints Cindy MacMillan to lead the investment program at its 7.9-acre master plan

Grosvenor, a property owner and developer with a 70-year track record in North America, has hired Cindy MacMillan as Vice President, Investment in Vancouver. Cindy will be the Investment team lead for the company’s largest mixed-use development in North America, a 7.9-acre, transit-oriented site located in Burnaby that will also feature the tallest all-rental tower in Western Canada. Cindy will work with Grosvenor’s Vancouver development team to deliver on the residential and commercial strategy for the project, which includes 3,500 homes, of which 2,450 are rental homes, and approximately 200,000 square feet of commercial space.

Cindy garners nearly two decades of commercial real estate experience and comes to Grosvenor with a strong background in finance and asset management. Previously, Cindy was Senior Director of Asset Management at Anthem Properties where she was pivotal in repositioning assets and creating value for a portfolio of income producing assets. Transitioning from finance into a client-facing leasing role during her time at Anthem, she was quick to build trusted relationships that lead to successful negotiations and creative deal solutions across a variety of asset classes. 

Michael Beattie, Chief Investment Officer for Grosvenor’s North American Investment business said, “I am so pleased to have Cindy join our team; she will be instrumental in bringing to life our multi-year project at Brentwood.”

As a Past President of CREW (Commercial Real Estate Women) Vancouver, Cindy is passionate about advancing women in business. She has provided mentorship to future leaders formally through CREW’s Mentorship Program and inspired many others as a leader championing CREW’s mission and expanding the organization’s platform to position it for continued growth and success for years to come. Cindy also acted as a Board Member for Hastings Crossing BIA (HxBIA) where she shaped projects related to the safety and security of local businesses, customers, employees, and residents in the Downtown Eastside of Vancouver. 

“I was drawn to Grosvenor for its long-standing commitment to ownership and high-quality development in Vancouver and especially for its progressive, sustainably-focused vision for places like Brentwood”, said Cindy MacMillan

Grosvenor established its North American real estate development and investment business with the purchase of Annacis Island in 1952. In addition to Grosvenor Ambleside and The Pacific, the firm has delivered some of the city’s most notable residential and mixed-use projects including the Cambie Corridor’s multiple award-winning The RISE development, Connaught and 15 West in North Vancouver and Polaris in Burnaby.  Grosvenor’s average relationship is 20 years across nine investment partners in North America. The company has $3.6 billion of assets under management and is executing on a development pipeline that will deliver 4,200 homes in Canada and the US.  

About Grosvenor 

Grosvenor has been an active owner and developer in the US and Canada for over 70 years. We focus on vibrant urban locations, making positive contributions to neighborhoods and communities.   

In 2019, we were one of the first North American signatories to the World Green Building Council’s Net Zero Carbon Buildings Commitment and have been publicly reporting our annual consumption and reduction values for over 10 years. We are guided by industry leading ESG business principles and we report to the Global Real Estate Sustainability Benchmark (GRESB).

  • Our US$2.7bn development pipeline focuses on projects in urban, transit-oriented and/or amenity-rich neighbourhoods and includes urban mixed-use residential projects in Washington, D.C., San Francisco, Silicon Valley and Metro Vancouver, Canada. 
  • Our Investment Programme acquires value-add residential and commercial properties while actively managing and improving high-quality properties in the US and Canada.  
  • Our Structured Development Finance business provides funds for much-needed residential development projects in growth markets across North America. 

We are part of an international property company with a track record of over 340 years developing, managing and investing to improve property and places across many of the world’s leading cities, promoting sustainability within the built environment and enhancing the wellbeing of our customers and communities.    

We are a values-led organisation which represents the Grosvenor family. Our work in property, alongside Grosvenor’s other activities in food & agtech, rural estate management and support for charitable initiatives, shares a common purpose – to deliver lasting commercial, social and environmental benefit – addressing today’s needs while taking responsibility for those of future generations.   

Patti Glass

Vice President, Corporate Marketing & Communications, Grosvenor Property Americas

+1 604 640 3535

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