As part of our strategic orientation we went beyond Europe’s borders with the aim of diversifying the portfolio. This resulted in an intensive evaluation trip around the globe in order to find the best locations for sustainable projects. After careful analysis two promising options remained on our shortlist: Singapore and Canada. Both countries offered exciting prospects but ultimately the stability and predictability of the Canadian market convinced us.
During visits to Vancouver, Montreal and Toronto we were able to see for ourselves - all three cities impressed us with their special flair which made it difficult to rank them. But in the end we found it, the proverbial needle in a haystack. In Toronto! The decisive factor for our first investment in this city was above all the fact that the two selected properties are fully rented residential buildings in top locations.
Chris Faustmann,
WALTER REAL ESTATE
The first of our two multi-family residential buildings is located in the lively Leslieville district. Despite being close to the city centre the popular district has retained its small-town charm and is considered family-friendly with good infrastructure. The property which was completed in 2018 has 48 apartments and 2 commercial units on a total of 3,608 m² of living space. Our second multi-family residential building with the eye-catching silver-gray brick facade is located in the charming Westend district of St. Clair West which combines quiet living with good city connections. The residential complex was completed in 2016 and has 51 apartments on a living space of 3,730 m².
The closing with the symbolic handover of the keys at the premises in Toronto took place end of November. With these new properties we are strengthening our portfolio and sending a clear signal of our commitment to the international real estate markets.
