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Our North American property business has acquired the Oakridge Transit Centre (OTC), one of the largest undeveloped sites in Vancouver, with plans to turn the 14-acre site into a new 1.5 million square foot, mixed-use community.
Furthering its investment in the East Bay, Grosvenor’s latest project will add 225 rental residences, including affordable housing, near transit.
Marks fifth deal into Grosvenor's True North III Partnership.
7.9-acre site to feature six residential towers with 3,500 homes including 2,450 rentals, new community centre and unprecedented public spaces for residents and the community.
Grosvenor Property UK CEO James Raynor blogs about redefining stereotypes and building better partnerships with occupiers
The transaction represents the fourth deal within Grosvenor’s True North III Partnership, established in July with $300M to invest in equity and equity-like opportunities.
Grosvenor Europe has increased its Green Star rating to 5 in the 2021 Global Real Estate Sustainability Benchmark (GRESB) reporting. As part of the corporate rankings, Grosvenor Europe scored 88 and 92 points for its investment and development activity respectively, placing it in the top five companies of its peer group.
Grosvenor acquired the multifamily rental property in 2015 and subsequently completed an extensive repositioning program.