Grosvenor’s Structured Development Finance business provides $39.6M for Gardena, Intracorp’s newest community in Coquitlam, B.C.

VANCOUVER, British Columbia, March 06, 2024 (GLOBE NEWSWIRE) — Grosvenor, an international property owner and developer with a 70+ year track record in North America, announces that its Structured Development Finance (‘SDF’) business has closed on a $39.6 million financing commitment for Intracorp’s new $450 million Gardena residential development project in Coquitlam’s rapidly evolving Burquitlam neighbourhood. Set to commence construction in the first quarter of 2024, Gardena encompasses 527 condominium and 218 rental units across four buildings.

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