LP Partnership – Hamilton Condo Development

  • A zoned 30-storey condominium development with a total GCA of 286,733 sf.
  • The Property is exceptionally well located in downtown Hamilton, within walking distance of the Hamilton Centre GO Station, the future Hamilton LRT.
  • The site was purchased at a very attractive land base of ~$28 PS GCA. The Project is also fully de-risked, with zoning approval obtained and Site Plan Approval expected by Q3 2024
  • The GP has a proven track record of executing and managing several residential multifamily projects across the GTA.
  • The total investment horizon for this project is estimated to be 56 months.
  • Projected LP returns:
    • Total ROE: 174%;
    • Equity Multiple: 2.7x;
    • IRR: 29% 
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