Globacor Articles

Globacor Press Release

Globacor Partners is pleased to announce the development of its first medium density residential planned community in Guelph, Ontario.

Toronto, November, 2011

Globacor Partners Inc., in partnership with Coletara Development has acquired its first land development site located in Guelph, Ontario. This green field investment will be developed into a medium density residential planned community. Coletara Development will oversee investment implementation activities through Subdivision Registration, Site Servicing and Residential Home Construction, while Globacor Partners will steward investment strategy and support future growth opportunities. Our team believes that this investment demonstrates the solid fundamentals and demand driven characteristics required for success. "We are very pleased with the fundamentals of this investment and are excited about growing our representation in this sector moving forward," says John Bujouves, Partner with the Globacor Group. Paul LeBreux of the Globacor Group added, "this represents the first development acquisition within this asset class for us at Globacor. The market fundamentals and the character of this opportunity were too good to pass up. "This project represents an opportunity to expand our exposure to a market with tight supply fundamentals within this high demand product class. We enjoy a positive working relationship with local approval authorities and our track record will definitely support future home sales," explained Paul Kemper, head of Globacor's Real Estate Division, and President of Coletara Development.

About Globacor Partners Inc.
The Globacor Group of Companies has been successfully investing in businesses since 1996. Globacor's team of lawyers, bankers, tax advisors, accountants and real estate investment experts supports the implementation of solid business plans to deliver superior results. At Globacor, we understand that we will succeed only if our partners do. We have an unwavering commitment to share what we learn with our partners and to infuse everything we do with the knowledge we gain from being a leader in financial services.