GreyBrook logotype
Investor Login Contact Us

Greybrook Realty Partners Sells Prime Waterfront Property in one of the Largest Land Deals in Toronto’s History

October 24, 2016

Greybrook Realty Partners Inc. is pleased to announce the sale of 215 Lake Shore Boulevard East, one of its prime real estate development assets, for CAD $166,050,000 to Greenland Group (Canada). Greenland Group is a Chinese state-owned real estate developer with over USD $58 billion in assets and developments in major markets around the world. The waterfront property was acquired in mid-2014 for a total purchase price of CAD $60 million by Greybrook Waterfront Limited Partnership, Castlepoint Development Group and Cityzen Development Group.

The transaction closed on October 13, 2016 and represents one of the largest sales, measured in total dollars, of a residential condominium development site in Toronto’s history.  Upon the closing of the transaction, Greybrook investors realized a net annualized return of 38.8% and a total return on investment of 87.4% in just over two years.

“We are thrilled that we were able to structure and execute a transaction that was a win for all parties involved. As asset managers, our responsibility to investors is not only to generate the highest possible returns, but also to carefully manage the risk and the overall tradeoff between the two. This project is a great example of Greybrook’s active management and our commitment to evaluating opportunities that arise throughout the course of a development’s lifecycle as markets evolve,” said Peter Politis, CEO of Greybrook Realty Partners

The Toronto waterfront has seen considerable change over the past two decades due to major investments made by both the public and private sectors.  The revitalization of Toronto’s waterfront led by Waterfront Toronto is the largest urban redevelopment project currently underway in North America, and is expected to create approximately 40,000 new residential units and 40,000 new jobs by the time the project is complete.

The original development plan for the Site called for the construction of a one-of-a-kind iconic structure that would have brought to market over 2,000 residential units with unobstructed lakefront views and panoramic views of the city skyline just minutes away from Toronto’s downtown core.

“This is an attractive property for a major global developer like Greenland Group who was seeking a development opportunity of a specific size and scale to build a landmark project in Toronto. We look forward to seeing this property come to life over the coming years in this vibrant waterfront community, and we’re confident it will be a financial success for the new owners,” said Mr. Politis.

View the Press Release on Globe Newswire.



Delos’ School Air-Quality Study Sheds Light on How to Protect Other Industries

Company News
November 30, 2021

The Well Living Lab, in collaboration with the Mayo Clinic and the University of Minnesota, performed a study to find out if adding portable air purification units would help to keep the air clean from viruses and other harmful airborne…

Greybrook Team Takes Part in Movember

November 29, 2021

Since inception, Movember has proudly welcomed more than five million supporters and has funded more than 1,250 innovative men’s health projects across 20 countries, raising awareness and donations for testicular cancer, prostate cancer, mental health and suicide prevention. With the…

Toronto Life Masterclass on Real Estate Investing Hosted by CEO Peter Politis

November 28, 2021

The Masterclass offered insights into the world of investing in real estate development, the current Toronto market, and the future of housing in the GTA. Listen to the full Masterclass below. The Masterclass discussed a variety of topics including what…

The House of Assembly Breaks Ground in Toronto’s Junction Triangle

Portfolio Updates
November 26, 2021

Peter Politis, CEO and Sarah Mansour, Executive Director of Strategy and Corporate Development at Greybrook Realty Partners joined our developer partners at Marlin Spring to celebrate this major project milestone and speak about the area’s exciting evolution. This transformation of…

Greybrook’s Christopher Kozub Honoured as 2021 Lexpert Rising Star: Leading Lawyer Under 40

Company News
November 25, 2021

This year, Greybrook is pleased to announce that Christopher Kozub, Greybrook Securities Inc., General Counsel has been recognized as a Leading Lawyer Under 40 as winner of Lexpert’s 2021 Rising Stars Award. Finalists from law firms, in-house legal departments, government,…

Watch Canadian Business and Toronto Life Insider’s Fireside Chat with CEO Peter Politis

October 27, 2021

Watch the full virtual Fireside Chat below. During the discussion, Peter recounts the unique position Toronto is in for real estate investment opportunities, giving the city plenty of room for long-term sustainable growth. Ranking as one of the most livable…

Watch the Waldorf Astoria Residences Miami Project Film

October 22, 2021

Watch the short film below. Designed unlike anything built before in Miami, this luxury residential and hospitality tower will include a stack of nine offset glass cubes, replicating a freestanding sculpture in the sky. The design is led by concept…

Construction Progresses at Symphony Towns in Oshawa

Portfolio Updates
October 18, 2021

With phase I foundations and framing complete, the construction team has been hard at work beginning the drywall and interior finishing work. Alongside developer partner, Marlin Spring, the townhome project will bring over 200 beautifully designed homes to the heart…

Society Atlanta Makes Waves with Latest Announcement

Portfolio Updates
October 15, 2021

The exciting news was picked up by the Atlanta Business Chronicle, Atlanta Agent Magazine and REBusiness Online. Society Atlanta is the latest addition to our growing nation platform in partnership with PMG. With plans set for Atlanta our expanding portfolio…

Groundbreaking Held for Artistry Project in Downtown Toronto

Portfolio Updates
September 30, 2021

  Peter Politis, CEO of Greybrook Realty Partners and Jared Berlin, Executive Director of Greybrook’s Asset Management group joined our developer partners at Tribute Communities to celebrate this major project milestone and official construction kick off. Located in Downtown Toronto,…


Join our newsletter and keep up to date with our news & insights

Contact us