TORONTO, Oct. 3, 2024–(BUSINESS WIRE)–In a monumental partnership set to transform Ontario’s real estate landscape, BLG Group, a U.S.-based investment fund, is strategically investing in 1.2 announced a dynamic partnership with Verona Real Estate Group that promises $. The partnership’s long-term commitment to five groundbreaking developments is projected to exceed $3 billion. This partnership is set within Canada’s thriving $2 trillion economy, one of the most stable and promising markets globally, creating the perfect backdrop for this ambitious joint venture. . This collaboration aims to redefine urban living through sustainable and innovative communities across southern Ontario and the eastern United States.
A long-term strategic infusion of $1.2 billion in partnership from BLG Group will accelerate the delivery of these visionary projects, with Verona Real Estate Group leading the development, design and construction efforts. Together, the companies are on a mission to provide world-class living spaces that meet the evolving needs of Ontarians while establishing a new standard for real estate development in North America.
Ajay Dubey, CEO of BLG Group, expressed his excitement about the partnership and said, “This partnership is a pivotal step in our strategy to expand into North America’s fast-growing real estate sector. “We specifically sought out Verona Real Estate Group not only because of its track record.” The development was a success, and Verona’s management team has a unique combination of finance, capital markets and risk management expertise, making it the ideal partner to drive these innovative projects forward. . Combining our financial strength and unparalleled development acumen, we deliver superior long-term value while building communities that resonate with modern life. ”
Asif Khan, CEO of Verona Real Estate Group, said: “This is more than just a real estate project, it is reshaping the way people experience urban life. We are thrilled to partner with BLG Group. What makes this partnership truly special is the leadership of BLG Group and Verona, who are committed to sustainable, community-led development that leverages deep financial resources. We are completely aligned in our principles and value systems. This chemistry is rare in strategic partnerships, and we not only meet market demands, but set new standards for innovation and quality. and form the foundation for building a vibrant, future-proof community.”
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Both companies are excited about the opportunities created by this partnership, and their combined expertise will create lasting value for the communities they serve and transform the real estate landscape in Ontario and beyond. I am sure.
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contact address
adam chow
Media relations and communication
Verona Real Estate Group
adam@veronaurban.com
