Greybrook Securities Closes $21,800,000 Equity Financing for Residential Development in Partnership with Castlepoint Development Group and Andrin Homes.
Greybrook Securities Inc. and Greybrook Realty Partners Inc. are pleased to announce the successful closing of a $21,800,000 equity private placement of units of the Greybrook Hamilton Limited Partnership.
Proceeds from the placement will be used for the acquisition and development of a 934 unit master planned residential project located in Hamilton, Ontario. The development will be done in partnership with Castlepoint Development Group and Andrin Homes.
Castlepoint Group has over 25 years of leadership in the development industry with a successful history of creating communities and employment across the Greater Toronto Area.
Andrin Homes is celebrating its 25th anniversary this year. They are currently developing large master planned communities throughout southern Ontario and the GTA.
The project is located at Fletcher Road & Golf Club Road, in the suburb of Glanbrook in Hamilton. The development site is in close proximity to shopping, transit and parks.
Hamilton, Ontario’s third largest city as a central transportation hub and one of the fastest growing cities in Canada Hamilton’s recent resurgence and revival has created on of the strongest housing markets in the country.
“Greybrook is thrilled to once again be working with Castlepoint and Andrin Homes. This project is the second project in partnership with Castlepoint in the last 6 months and it will undoubtedly bring an exquisite, family oriented neighborhood to this great city. Castlepoint and Andrin Homes are among the most experienced and respected developers in Canada and we again look forward to another successful project for our investors.” says Greybrook Securities CEO, Sasha Cucuz.
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