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Cumberland Square | 243m | 75s | KingSett Capital | Giannone Petricone

maestro

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Kingsett has rezoned several huge land parcels - creating a lot of value. Projects they have touched include 33 Yorkville, YSL, and others. They know what they are doing.

They do occasionally build too - 700 Bay is a partnership between them and Bentall Kennedy I believe.
Bentall Kennedy would be the developer in that partnership and probably represents some unknown owner. Kingsett does have long term income funds but the big money funds are the ones that buy, sell and, invest in developers.
 

GabrielHurl

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Got a note in the mail yesterday for the upcoming community consultation

The City is holding a Community Consultation meeting for 2 Bloor St. West where you can learn more about this application, ask questions, and share your comments.

The consultation will be held:
Date: Thursday, February 21, 2019
Time: 7:00-8:30 pm
Place: Marriot Hotel, Room: High Park 1 and 2, 90 Bloor Street East

This application proposes a mixed-use development consisting of three residential towers, 50, 66 and 69 storeys in height, with a 4-storey base building for the east tower and a 9-storey base building connecting the middle and west towers. A 1,807 square metre open space is proposed on Cumberland Street as well as a 199 square metre open space on Yonge Street.
 

RonThom

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Bentall Kennedy would be the developer in that partnership and probably represents some unknown owner. Kingsett does have long term income funds but the big money funds are the ones that buy, sell and, invest in developers.
KingSett is the definition of a big money real estate fund in Canada. They have raised $10 billion of equity capital in the last 20 years.
 

ushahid

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they have raised all that money by flipping all the properties. they don't even build 10 % of their proposals.
 

RonThom

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they have raised all that money by flipping all the properties. they don't even build 10 % of their proposals.
No, $10 billion is the equity they have raised from investors, not the returns they have made & profits they have earned. Also development is only one component of a very wide range of real estate related investing that they do, including mortgages, income funds, and even private equity investments in operating companies. Good website: http://kingsettcapital.com/whatwedo/funds
 

ushahid

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